TIDMESG

RNS Number : 6048X

eServGlobal Limited

16 February 2012

eServGlobal Limited (eServGlobalor the "Company")

Cancellation of Employee Options

Paris: 17 February2012

eServGlobal (ASX:ESV, AIM:ESG), a global provider of Mobile Money and Value Added Services, has today resolved to cancel options issued in February 2011 to certain of the Company's employees under the Company's Employee Share Option Plan (ESOP) dated 4 August 2000.

A total of 6,300,000 options are being cancelled, being the balance of all of the options issued under the ESOP in February 2011. None of the options issued (and now being cancelled) have been exercised. No consideration is payable by the Company for the cancellation. The options cancelled include the 1,000,000 options previously advised as expired on 7 February 2012.

The options that remain on issue following the cancellation are set out below and relate to issues under the ESOP in 2007:

 
Number of Options  Exercise Price   Expiry Date 
     300,000         A$0.52146      6 March 2012 
                   --------------  -------------- 
     110,000         A$0.80146     3 October 2012 
                   --------------  --------------

The Company intends to seek shareholder approval at the Company's next Annual General Meeting to adopt a new employee share option plan, details of which will be included in the relevant notice of annual general meeting and explanatory memorandum.

About eServGlobal

eServGlobal specializes in Mobile Money solutions and Value-Added Services (VAS), to help Mobile 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 75 customers in over 55 countries.

For more than 25 years mobile and financial service providers have used eServGlobal solutions 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 Money Services and International Remittance Services. TheHomeSend solution is the only mobile-centric international remittance hub to gain endorsement from the GSM Association. The HomeSend Certification Program ensures security and interoperability by certifying domestic mobile wallet providers, money transfer organizations, and financial service providers to connect to the hub.

eServGlobal's Value-Added Services in promotions, loyalty and messaging enable service providers to engage with their subscribers in a personalized and dynamic manner.

To reduce time-to market and to meet the needs of operators and banks, eServGlobal provides multiple licensing alternatives as well as SaaS-based products and services.

eServGlobal is listed on the Australian Securities Exchange (ESV) and the London Stock Exchange AIM (ESG). More information at: www.eservglobal.com

For further information, please contact:

 
 eServGlobal                                  www.eservglobal.com 
 Tom Rowe, CompanySecretary                   T: +61 (0)73302 0194 
  investor@eservglobal.com 
 Cenkos Securities plc                        www.cenkos.com 
  IvonneCantu/Stephen Keys (Nomad)             T: +44 (0)20 7397 8980 
 NewgateThreadneedle Communications           www.newgatethreadneedle.com 
  Caroline Evans--Jones/Josh Royston/Hilary    T: +44 (0)20 7653 9850 
  Millar

This information is provided by RNS

The company news service from the London Stock Exchange

END

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