SWAP Moneyswap

TIDMSWAP

RNS Number : 4707I

MoneySwap Plc

30 August 2016

30 August 2016

MoneySwap plc

("MoneySwap" or the "Company")

Director resignation

MoneySwap announces that Sunny Yu has today resigned as Chief Executive of the Company, with immediate effect. Craig Niven, currently Chairman of the Company, will assume the role as interim Chief Executive.

It had always been the intention that Sunny Yu would cease to act as a director on completion of the fundraising with Hunan Commodities Trading Centre Company Limited ("HNCX"), further details of which were announced by the Company on 1 July 2016. The Company remains in discussions with HNCX and will provide further updates in due course.

- Ends-

For further information, please contact:

 
 MoneySwap Plc     Allenby Capital     MoneySwap Plc 
                    Limited 
----------------  ------------------  ----------------- 
 Non-Executive     Nominated Adviser   Financial PR 
  Chairman 
----------------  ------------------  ----------------- 
 Craig Niven       Nick Naylor         Fiona Fenn Smith 
                    James Reeve 
----------------  ------------------  ----------------- 
 +44 7767 497400   +44 20 3328 5656    +44 7712 101922 
----------------  ------------------  ----------------- 
 

About MoneySwap (www.moneyswap.com)

MoneySwap provides payment solutions and gateways to merchants, which allow both online and point of sale transactions to be settled using UnionPay cards in the UK. In addition, UnionPay has licensed MoneySwap for its MoneyExpress service, which enables overseas persons to send funds directly to UnionPay cardholders in China. The Company also offers an online peer-to-peer platform for currency exchange and payments. The Company's shares are traded on the London Stock Exchange's AIM market (AIM: SWAP). More information can be found at www.moneyswap.com.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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August 30, 2016 12:30 ET (16:30 GMT)

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