SafeCharge International Group Ltd Trading Statement (7735X)
November 29 2017 - 1:00AM
UK Regulatory
TIDMSCH
RNS Number : 7735X
SafeCharge International Group Ltd
29 November 2017
SafeCharge International Group Limited
("SafeCharge", the "Company" and together with its subsidiaries,
the "Group")
Trading Statement
SafeCharge (AIM: SCH), a leader in advanced payment
technologies, provides the following update.
Trading update
Trading ahead of the 2017 year-end has been strong, as a result
the Group's financial performance for the full year is expected to
be in line with market expectations.
The Company continues to make considerable progress with its
strategy of winning Tier 1 customers within both traditional
verticals and in new target verticals and markets:
-- Traditional verticals: the Group is benefiting
from increasing high quality revenue streams
following recent Tier 1 client wins including
Plus500, 888, Bet365, PaddyPower and EuroBet.
-- New verticals: the Group is now processing
transactions for a growing number of online
retail, travel and airline operators, including
being the first to launch WeChat Pay in-store
in the UK.
-- Continued investment in infrastructure &
processing technologies to support future
growth.
Senior Management Appointment
SafeCharge today announces the appointment of Nicolas Vedrenne
as Chief Business Development Officer effective from 1 December
2017. Nicolas joins us from the Merchant Risk Council (MRC), where
he was Managing Director for Europe.
Commenting on the appointment, David Avgi, CEO of SafeCharge,
said:
"I would like to welcome Nicolas to SafeCharge's management
team. He brings over 20 years' experience in senior managerial and
business development positions in the payments industry. We will
continue to focus and invest further to build our sales teams to
accelerate a successful entry into new target sectors and
geographies, and I look forward to working closely with Nicolas to
enhance this."
Outlook
The Board is encouraged by the Company's strong performance
during the second half of the year. The Group will enter 2018
having expanded its Tier 1 customer base, with customers in new
sectors, including travel and retail, and new markets, and with a
strong pipeline which provides confidence for 2018 and beyond.
- Ends -
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
Enquiries
SafeCharge International
Group Limited
David Avgi, Chief Executive
Officer
Tsach Einav, Chief Financial
Officer
c/o FTI Consulting +44 (0) 20 3727 1725
Jean Beaubois, Head of
Investor Relations +44 (0) 7826 936619
Shore Capital
Mark Percy
Toby Gibbs +44 (0) 20 7408 4090
FTI Consulting
Matthew O'Keeffe +44 (0) 20 3727 1725
About SafeCharge
SafeCharge International Group Limited (AIM: SCH) is the payment
service partner for the world's most demanding businesses.
SafeCharge provides global omni--channel payments services from
card acquiring and issuance to payment processing and checkout, all
underpinned by advanced risk management solutions. This fully
featured proprietary payment platform connects directly to all
major payment card schemes including Visa, MasterCard, American
Express and Union Pay as well as over 150 local payment methods.
With offices around the world, SafeCharge serves a diversified,
blue chip client base and is a trusted payment partner for
customers across a range of vertical markets. The Company has been
listed on the London Stock Exchange AIM market since 2014.
www.safecharge.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
TSTDVLFLDFFBFBQ
(END) Dow Jones Newswires
November 29, 2017 02:00 ET (07:00 GMT)
Safecharge (LSE:SCH)
Historical Stock Chart
From Apr 2024 to May 2024
Safecharge (LSE:SCH)
Historical Stock Chart
From May 2023 to May 2024