Paypoint plc Paypoint Plc : Directorate Change

 
TIDMPAY 
 
 
   12 May 2017 
 
   PayPoint Plc ("PayPoint") 
 
   Directorate / Board Changes 
 
   PayPoint is pleased to announce the appointment of Rakesh Sharma to its 
board as a non-executive director with effect from 12 May 2017. 
 
   Rakesh is the Chief Executive of Ultra Electronics Holdings Plc (Ultra). 
Rakesh has held several senior and management positions within Ultra and 
has managed businesses and divisions across the full range of its wide 
portfolio, with consistent success in driving growth in the Ultra group. 
 
 
   Following this appointment, Rakesh will succeed Neil Carson as chairman 
to the remuneration committee of the PayPoint board and will also be a 
member of the audit and nomination committees. In line with the 
directorate change announcement contained in the 2016 half year 
financial report, Neil will be stepping down as a non-executive director 
prior to the 2017 annual general meeting. 
 
   Nick Wiles, Chairman, said: 
 
 
   "I would like to take this opportunity to thank Neil for his 
contribution as chairman of the remuneration committee during his time 
on the board. I would also like to welcome Rakesh. His     appointment 
to the board strengthens its composition in terms of relevant experience, 
knowledge and skills and the board looks forward to working closely with 
him" 
 
   There are no further disclosures required for the purposes of Listing 
Rules 9.6.11 and 9.6.13. 
 
   Enquiries 
 
   PayPoint plc                                                                        RLM Finsbury 
 
 
   01707 600 300                                                                    0207 2513 801 
 
 
   Susan Court, Company Secretary                              Rollo Head 
 
   ABOUT PAYPOINT 
 
   We support market leading national networks across 39,000 convenience 
stores in the UK and Romania so that our customers are always close to a 
PayPoint store. In thousands of locations, as well as at home or on the 
move, people use us better to  control  their household finances, 
essential payments and in-store services, like parcels. Our UK network 
contains more branches than all banks, supermarkets and Post Offices 
together, putting us at the heart of communities for over 10 million 
regular weekly customers. 
 
   We have a proven track record of decades of tech-led innovation, 
providing retailers with tools that attract customers into their shops. 
Our industry-leading payments systems give first class service to the 
customers of over 1,500 clients - utility companies, retailers, 
transport firms and mobile phone providers, government and more. 
 
   We are on and offline; providing for payments by cash, card including 
contactless; retail, phone and digital; at home, work and whilst out and 
about from Land's End to the highlands and islands - helping to keep 
modern life moving. 
 
   Multichannel payments 
 
   We offer clients streamlined consumer payment processing and transaction 
routing in one, seamlessly integrated solution, through MultiPay. This 
gives customers the flexibility to pay in the way that best suits them; 
including mobile app, online, text, phone/IVR and cash in-store. 
 
   MultiPay is live with Utilita, a fast growing challenger energy 
supplier. We have signed several other energy companies, a framework 
agreement with Procurement for Housing and, significantly, Scottish and 
Southern Energy, our first Big 6 energy client 
 
   Retail networks 
 
   In the UK, our network includes over 29,000 local shops including Co-op, 
Spar, Sainsbury's Local, Tesco Express and thousands of independent 
outlets. These outlets are quick and convenient places to make energy 
meter prepayments, bill payments, benefit payments, mobile phone top-ups, 
transport tickets, TV licences, cash withdrawals and more. 
 
   Our Romanian network continues to grow profitably.  We have more than 
10,200 local shops, helping people to make cash bill payments, money 
transfers, road tax payments and mobile phone top-ups. Our clients 
include all the major utilities and telcos and many other consumer 
service companies. 
 
   In the UK, our Collect+ network offers parcel collection and return 
services in nearly 6,000 convenient outlets. Customers use Collect+ for 
their parcels from major retailers including Amazon, eBay, ASOS, New 
Look, John Lewis, House of Fraser, M&S and Very. The Collect+ brand is 
jointly owned with Yodel. 
 
   The UK network also includes over 4,200 LINK branded ATMs, and 10,000 of 
our terminals enable retailers to accept debit, credit and contactless 
payments, including Apple Pay. 
 
   We operate over 3,000 Western Union agencies in the UK and Romania for 
international and domestic money transfers. 
 
   This announcement is distributed by Nasdaq Corporate Solutions on behalf 
of Nasdaq Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: PayPoint plc via Globenewswire 
 
 
  http://www.paypoint.co.uk/default.htm 
 

(END) Dow Jones Newswires

May 12, 2017 04:00 ET (08:00 GMT)

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