TIDMESG

RNS Number : 2881E

eServGlobal Limited

04 April 2011

CEO REMUNERATION

Paris, 4 April 2011

eServGlobal Limited (ASX: ESV, LSE: ESG), a global telecoms software vendor specializing in Mobile Money and Value-Added Services (VAS), today makes an announcement regarding its Chief Executive Officer's (CEO) remuneration package.

In accordance with ASX Listing Rule 3.1, the key terms and conditions of the CEO's employment agreement are as follows:-

-- The salary package comprises a base, fixed salary (50%) and a variable component (50%).

-- The variable component is payable only upon meeting agreed performance targets relating to achievement of the company's financial plan and specific business objectives.

-- The variable component is payable in cash and/or shares at the Board's discretion.

-- The employment agreement may be terminated by either party by giving six month's notice. Any payment made in lieu of notice is calculated with reference to the fixed package component only, plus any accrued leave entitlements.

-- The CEO is entitled to participate in the company's Share Option Plan, in accordance with the terms and conditions of that plan.

-- The salary package will be reviewed annually by Remuneration & Nominations Committee and any changes will be recommended to the Board for consideration.

The CEO's salary package structure remains the same as that in his prior role as Chief Operating Officer and also has the same structure as that of the previous CEO Richard Mathews.

ENDS

eServGlobal specializes in Mobile Money solutions and Value-Added Services (VAS), to help Telco Service Providers increase their revenue and gain and maintain customer ownership.

eServGlobal invests heavily in product development, using carrier-grade, next-generation technology and aligning with the requirements of more than 60 customers in over 45 countries. For 24 years, mobile, fixed, Internet and multiplay telco providers have used our capabilities to lead and innovate in their local markets, leveraging their core assets and their trusted agent and subscriber relationships.

With 13 offices globally, eServGlobal provides full "end-to-end" and "any account to any account" Mobile Financial Services and International Money Transfers.

Our Value Added Services in promotions, loyalty, messaging, and multiplay are focused around the transaction and enable service providers to engage with the subscriber in a personalized and dynamic manner.

To reduce time-to market and manage exposure to CAPEX, we now offer multiple licensing alternatives, including SaaS-based flexible, revenue-share pricing.

eServGlobal Limited is listed on the Australian Securities Exchange (ASX: ESV) and the London Stock Exchange AIM market (LSE: ESG). More information can be found at: www.eservglobal.com

 
 eServGlobal Limited                      T: +61 7 3302 0194 
 Jason Lilienstein                      info@eservglobal.com 
 Company Secretary 
 
 Cenkos Securities plc                        www.cenkos.com 
 Ivonne Cantu/Stephen Keys (Nomad)   T: +44 (0) 20 7397 8980 
 Alex Aylen/Julian Morse (Sales)           icantu@cenkos.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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