eServGlobal Limited Directorate Change, Change of Director Interests (5254W)
December 30 2013 - 1:00AM
UK Regulatory
TIDMESG
RNS Number : 5254W
eServGlobal Limited
30 December 2013
eServGlobal Limited (eServGlobal or the "Company")
Resignation of Director
Sydney: 30 December 2013
eServGlobal Limited, the provider of end-to-end mobile financial
services to emerging markets, announces that Director Craig
Halliday has resigned following the formation of the HomeSend Joint
Venture (JV) with MasterCard and BIC's which was announced on 19
December 2013.
The Board would like to thank Craig for the instrumental role he
has played in bringing the formation of the HomeSend JV deal with
MasterCard to a positive conclusion.
Craig came to eServGlobal in June 2009 during the Global
Financial Crisis and during some very challenging times for the
company. During his tenure as COO, CEO and Director he played a
major part in turning eServGlobal into the thriving business it is
today. Craig was instrumental in the sale of the prepaid charging
platform to Oracle in 2010 after which he restructured and led
eServGlobal to a leadership position in the mobile money market. He
led the management team in the restructuring of the business and
the formation of the leadership team we have in place today that
has brought the company back to profitability.
Craig's final task as Executive Director was to realise the
potential of HomeSend and today's announcement of a Market changing
Joint Venture with MasterCard brings HomeSend to a new and exciting
level. This deal moves HomeSend into a market leadership position
and with it fulfils Craig's commitments to the company.
The Board thanks Craig for his exceptional service and accepts
his wish to now stand down from the Board to pursue another
executive role in a non-financial services software business.
Craig Halliday commented, "I would like to thank the Board,
shareholders and employees of eServGlobal for their support. The
Company has established itself as a leading mobile money vendor and
with the establishment of the HomeSend JV with MasterCard shows
great potential for continued growth and success. I have the
greatest level of confidence that under the guidance of the
management team and Board eServGlobal will continue to generate
positive results for many years to come."
Following Craig Halliday's resignation there has been a
restructure of Mr Halliday's holdings in MHB Holdings Pty Ltd ("MHB
Holdings") and Paua Pty Ltd ("Paua") which are reflected in the
attached 3Y, 3Z and notices of ceasing to be a substantial
holder.
None of these transfers have changed the beneficial interest in
eServGlobal shares held by any of the parties.
http://www.rns-pdf.londonstockexchange.com/rns/5254W_-2013-12-30.pdf
About eServGlobal
eServGlobal (LSE: ESG, ASX: ESV) offers mobile money solutions
which put feature-rich mobile financial services at the fingertips
of users worldwide, covering the full spectrum of mobile wallet,
mobile commerce, recharge and agent management features.
eServGlobal invests heavily in product development, using
carrier-grade, next-generation technology and aligning with the
requirements of 65 customers in 50 countries. eServGlobal is
partnering with MasterCard and BICS to build the HomeSend joint
venture, the market leading international remittance service based
on eServGlobal technology and enabling mobile money transfer in
over 50 markets. eServGlobal has been a source of innovative
solutions for mobile and financial service providers for 30
years.
For further information, please contact:
eServGlobal www.eservglobal.com
Tom Rowe, Company Secretary T: +61 2 8014 5050
investors@eservglobal.com
Cenkos Securities plc www.cenkos.com
Ivonne CantĂș/Stephen Keys (Nomad) T: +44 (0) 20 7397 8980
Charles Stanley Securities www.csysecurities.com
Dugald Carlean/Paul Brotherhood T: +44 (0) 20 7149 6000
Newgate Threadneedle www.newgatethreadneedle.com
Caroline Evans--Jones/Josh Royston/Hilary T: +44 (0) 20 7653 9850
Millar/ Jasper Randall
This information is provided by RNS
The company news service from the London Stock Exchange
END
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