March 30, 2017 / 5:00 AM / 5 months ago

BRIEF-Touchcorp Ltd says merger with Afterpay to proceed; Nick Molnar to be CEO of new co

March 30 (Reuters) - Touchcorp Ltd:

* Afterpay and Touchcorp - merger to proceed

* Two companies have agreed to merge under a new Australian holding company called "Afterpay Touch Group Limited"

* Anthony Eisen will be Afterpay Touch Group's executive chairman

* Nick Molnar will be managing director and chief executive officer of Afterpay Touch Group

* Nadine Lennie will be chief financial officer of Afterpay Touch Group

* Subject to conditions being satisfied, merger is expected to be implemented in late June 2017 Source text for Eikon: Further company coverage:

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