Feb 23 (Reuters) - Touchcorp Ltd TCH.AX
* Afterpay and Touchcorp intend to pursue a merger
* Afterpay Holdings Limited and Touchcorp Limited signed a heads of agreement (HOA) relating to an in principle agreement for a proposed merger
* Newco will be owned about 64 PCT by Afterpay shareholders (excluding Touchcorp) and about 36 PCT by Touchcorp shareholders
* Newco will issue new shares to Afterpay shareholders on a 1:1 basis and to Touchcorp shareholders on a 0.64:1 basis
* Anthony Eisen will be Newco's executive chairman and Nick Molnar will be managing director and chief executive officer
* Nadine Lennie will be chief financial officer and Jason Van will be chief technology officer of Newco Source text for Eikon: ID:nASX7Z6m5m Further company coverage: TCH.AX