TRS
02/03/2015 09:55
GENERAL
NOT PRICE SENSITIVE
REL: 0955 HRS TRS Investments Limited
GENERAL: TRS: Recent developments relating to Mega Limited
TRS INVESTMENTS LIMITED
2 March 2015
BY E-MAIL: [email protected]
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: [email protected]
Mobile:+64 21 702 509
End CA:00261324 For:TRS Type:GENERAL Time:2015-03-02 09:55:18
