iSignthis has issued an announcement about Cash Position and Performance Rights
Australian Securities and Frankfurt Stock Exchange listed iSignthis Ltd, the global RegTech leader in remote identity verification, payment authentication and payment processing, has issued an announcement to inform that:
Australian Securities Exchange and Frankfurt Stock Exchange cross listed iSignthis Ltd (ASX:ISX|DE_FRA:TA8) (“the Company”), the world leading RegTech for identity verification and payment services, is pleased to advise that cash receipts for Half Two (H2) are now in excess of Three Million Seven Hundred and Fifty Dollars ($3,750,000).
Subject to audit, the receipts will satisfy the Milestone A and Milestone B requirements for issue of Class A and Class B Performance Rights under Section 14.2 of the iSignthis Ltd Prospectus dated 22 December 2014. (https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01587443)
The Company is not as yet in a position to provide guidance on Milestone C target of Five Million Dollars ($5,000,000) audited revenue target, as End of Financial Year June 2018 invoicing will be the determining factor.
About iSignthis Ltd (ASX : ISX | DE_FRA : TA8)
Australian Securities and Frankfurt Stock Exchange listed iSignthis Ltd is the global RegTech leader in remote identity verification, payment authentication and payment processing. iSignthis provides an end-to-end onboarding service for merchants, with a unified payment and identity service via our Paydentity™ and ISXPay® solutions.
By converging payments and identity, iSignthis® delivers regulatory compliance to an enhanced customer due diligence standard, offering global reach to any of the world’s 4.2Bn ‘bank verified’ card or account holders, that can be remotely on-boarded to regulated merchants in as little as 3 to 5 minutes.
iSignthis Paydentity service is the trusted back office solution for regulated entities, allowing merchants to stay ahead of the regulatory curve, and focus on growing their core business.
iSignthis’ and its subsidiary, iSignthis eMoney Ltd, trade as ISXPay®, and is an EEA authorised eMoney Monetary Financial Institution, offering eMoney accounst and card acquiring in the EEA, Australia and New Zealand. ISXPay is a principal member of Visa Inc, Mastercard Worldwide and JCB International.
Read more about the company at www.isignthis.com.