eServGlobal Limited Director Appointment (4471S)

TIDMESG

RNS Number : 4471S

eServGlobal Limited

21 December 2016

Paris: 21 December 2016

eServGlobal Limited (eServGlobal or the "Company")

Board Appointment

eServGlobal (LSE: ESG.L & ASX: ESV.AX), the provider of innovative mobile financial technology, is pleased to announce the appointment of Andrew Hayward to the Board. As announced on 7 November 2016, Andrew joined eServGlobal to strengthen the management team as CFO and he has now been appointed to the Board as an Executive Director with immediate effect.

Andrew is an experienced finance executive with a strong track record in senior strategic advisory and investor relations, having previously held the role of Head of Finance at Hurricane Energy plc. Prior to this, he worked in various roles at PwC, latterly within the Corporate Finance Lead Advisory practice with a focus on Technology, Media and Telcommunications.

Commenting on the appointment John Conoley, Executive Chairman said,

"I am delighted to welcome Andrew to the Board of eServGlobal. He brings a combination of strategic insight and capital markets experience, having driven growth and shareholder value whilst at Hurricane, as well as M&A experience from his time at PwC. We are pleased to have attracted someone of Andrew's calibre.

"In the two months Andrew has been with the business he has been encouraged with the progress we have made in the core business, reflected in the increase in sales activity. Andrew will play a key role in continuing the improvement of the business and has already identified further scope to tighten operational processes. I look forward to working with Andrew as we continue to execute the turnaround of the business."

The following information regarding the appointment of Andrew Joseph Hayward, aged 38, is disclosed under Schedule 2(g) of the AIM Rules for Companies:

 
 Current directorships   Former directorships 
  and/or partnerships:    and/or partnerships (within 
                          the last five years): 
 None                    None 
 

At the date of this announcement, Mr Hayward holds no shares in the Company.

There are no further disclosures required under Schedule 2(g) of the AIM Rules for Companies.

For the purpose of ASX listing rule 3.16.4, the material terms of Andrew Hayward's employment are contained in Appendix A.

About eServGlobal

eServGlobal (AIM:ESG, ASX:ESV) offers mobile money solutions which put feature-rich services at the fingertips of users worldwide, covering the full spectrum of mobile financial services, mobile wallet, mobile commerce, recharge, promotions and agent management.

For more than 30 years, eServGlobal has been a source of innovation for telcos and financial institutions. Using carrier-grade, next-generation technology, eServGlobal aligns with the requirements of customers around the globe.

Together with MasterCard and BICS, eServGlobal is a joint venture partner of the HomeSend global payment hub, enabling cross-border money transfer between mobile wallets, cards, bank accounts or cash outlets from anywhere in the world.

For further information, please contact:

 
 eServGlobal                                 www.eservglobal.com 
 Alison Cheek, VP Corporate Communications   [e-mail] 
 finnCap Limited (Nomad and Broker)          www.finnCap.com 
  Jonny Franklin-Adams / Carl Holmes          T: [phone] 
  / Anthony Adams                             0500 
 Alma PR (Financial Public Relations)        www.almapr.co.uk 
  Hilary Buchanan / John Coles                T: [phone] 
                                              4218 
 

Appendix A

The material terms of Andrew Hayward's employment as Chief Finnacial Officer and Executive Director under UK law are as follows:

Base Salary- GBP150,000 per annum

Bonus- GBP45,000 subject to achievement under the corporate performance plan.

Additional Benefits- Participation in company health insurance and salary sacrifice pension scheme.

Termination- 6 months notice by either party or immediate termination by the company for serious misconduct.

Annual Leave entitlements- 25 days per annum plus UK bank holidays.

Payments on termination of employment must not exceed amounts prescribed under the Corporations Act 2001 or the ASX Listing Rules.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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December 21, 2016 02:18 ET (07:18 GMT)