Shares in Payzone, the merged company formed by electronic payments firm Alphyra and British cash machine operator Cardpoint, will begin trading in London tomorrow, Alphyra said.
The merger was agreed in September. Payzone will be headquartered and domiciled in Ireland and listed on London's junior AIM market, Alyphra said in a statement today.
Cardpoint said separately that its shares will cease to trade tomorrow morning when Payzone becomes listed.
The new company will be about 59.05% owned by Alphyra shareholders, who are mainly company managers, and venture capital firm Balderton Capital. Cardpoint shareholders will own the remaining 40.95% of Payzone.
