/ Announcements
Recent developments relating to Mega Limited
9:55am, 2 Mar 2015 | GENERAL
TRS INVESTMENTS LIMITED
2 March 2015
BY E-MAIL: announce@nzx.com
NZX Limited
Wellington
Recent developments relating to Mega Limited
TRS has been advised by Mega that:
1. PayPal has ceased processing Mega customer payments.
2. Mega now supplies cloud storage services to more than 15 million registered customers in more than 200 countries. (This compares with around 7 million registered customers as previously announced at the time that the transaction was first announced less than one year ago).
3. Mega is currently in discussions with a number of alternative service providers to provide Mega with the payment processing services previously provided by PayPal.
4. Mega anticipates that these discussions will be concluded during the course of March.
5. Until new payment systems are implemented, Mega will temporarily not enforce its storage limits or suspend any accounts for non-payment and has extended existing subscriptions by two months free of charge.
Given that Mega expect to resolve alternative service providers this month, it is not expected that the issue will delay the listing transaction. The full communication relating to PayPal from the Mega Limited website is attached.
For any inquiries please contact:
Keith Jackson:
Email: keithjackson@tasmancapital.co.nz
Mobile:+64 21 702 509
www.nzx.com/companies/TRS/announcements/261324
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