The merger between Alphyra and Cardpoint, which has created AIM-listed company Payzone, will cost the new company up to €5 million, according to company documents.
Payzone, which is headed by John Nagle, floated on the AIM last week at 75p a share and closed down at 70p a share last Friday. The company pulled a €150 million share placing shortly before the flotation due to current market conditions.
The exceptional costs will be incurred over...
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