Nov 17 (Reuters) - Integrated Payment Technologies Ltd IP1.AX :
* INPAYTECH TO MERGE WITH COMPLY PATH
* TRANSACTION IS UNANIMOUSLY RECOMMENDED BY BOARD OF IP1
* ENTERED MERGER AGREEMENT WITH SHAREHOLDERS OF COMPLY PATH WHEREBY IP1 WILL BUY 100% ISSUED CAPITAL OF COMPLY PATH
* BASED ON SHARE PRICE OF IP1 ON NOV 17, THIS NOTIONALLY VALUES COMPLY PATH AT ABOUT A$19.5 MILLION
* ON COMPLETION, COMPLY PATH SHAREHOLDERS WILL OWN 50% OF MERGED GROUP AND IP1 SHAREHOLDERS WILL OWN REMAINING 50%