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In July 2019, Wameja Limited ( Wameja or the Company ) sold all the issued capital of eServGlobal Holdings SAS and its subsidiaries ( eServGlobal ) to Seamless Distribution Systems AB ( Seamless ). The sale comprised the effective sale of Wameja s operating business. The sale and purchase agreement ( SPA ) included an indemnity under which Wameja agreed to indemnify and hold Seamless harmless against any direct loss, damage or liability related to the lack of renewed licences for eServGlobal s use of a specific third party s intellectual property ( the Indemnity ). The third party is the provider of software embedded in all deployments of eServGlobal s Paymobile platform, eServGlobal s primary product. ....
IN BRIEF: Wameja And Mastercard Extend Terms Over Timetable Revision Fri, 5th Feb 2021 15:41 Wameja Ltd - Australian software company - Agrees with Mastercard Inc to extend the terms of their scheme implementation agreement. This accommodates a revision to the indicative transaction timetable for the scheme or arrangement after Seamless Distribution Systems AB, which purchased Wameja s core business in July 2019, gave notice of a potential claim under indemnity given by Wameja to Seamless concerning licences for certain third party intellectual property utilised by Botswana Telecommunications Corp Ltd as users of eServGlobal s Paymobile platform. Seamless later notified of potential further claims under the indemnity regarding third party intellectual property use in Paymobile. ....
Wameja (LSE: WJA.L & ASX: WJA.AX), a joint venture partner with Mastercard in the HomeSend global payment hub, provides a further update regarding the Scheme of Arrangement ( Scheme ) proposed under the Scheme Implementation Agreement ( SIA ) with Burst Acquisition Co. Pty. Ltd, a company controlled by Mastercard ( Mastercard ), as announced on 10 September 2020 ( Announcement ) .
In its announcement of 23 October 2020, Wameja advised that Seamless Distribution Systems AB ( Seamless ), the purchaser under the sale and purchase agreement for the sale of Wameja s core business that completed on 25 July 2019 ( SPA ), had given notice of a potential claim under the indemnity given by Wameja to Seamless in the SPA in respect of licences for certain third party intellectual property utilised by Botswana Telecommunications Corporation Limited ( BTC ), as a user of eServGlobal s Paymobile platform ( ....