Paysafe Group PLC Paysafe appoints two Non-Executive Directors (6688Y)

TIDMPAYS

RNS Number : 6688Y

Paysafe Group PLC

07 March 2017

Paysafe Group plc

Paysafe Group plc appoints Jennifer Allerton and Karen Guerra as independent Non-Executive Directors

Former Hoffmann-La Roche and Colgate-Palmolive execs join the Board

7 March 2017 - London: Paysafe Group plc ("Paysafe" or the "Company") today announces the appointment of Jennifer Allerton and Karen Guerra as independent Non-Executive Directors of the Company, with immediate effect.

Jennifer Allerton brings a wealth of international experience in payments technology, data innovation, operations and IT strategy. She is the former CIO of the pharmaceutical division of Hoffmann-La Roche, where she was a member of the pharmaceutical executive committee which doubled sales and quadrupled profits in a five-year period. Before joining Hoffmann La Roche, Jennifer was Technology Director of Barclaycard and played a key role in the move to data mining and customer profiling there. Jennifer is currently a non-executive director on the boards of Sandvik AB, Iron Mountain Inc. and Aveva Group plc, and was previously on the board of Oxford Instruments plc.

Karen Guerra has significant senior-level experience in the consumer goods sector, having been Managing Director and Chairman of Colgate-Palmolive's UK company between 1996-1999, followed by heading the larger French subsidiary between 1999-2006 operating across Oral, Personal & Household Care. Prior to Colgate, Karen worked for PepsiCo and in UK food retailing. She is a non-executive director of Davide Campari-Milano SpA, ASX listed Amcor Ltd and the FTSE 250 business Electrocomponents plc. She previously served as a non-executive director of Inchcape plc and Swedish Match AB.

Dennis Jones, Chairman, said: "I am delighted to welcome Jennifer and Karen to Paysafe. Their experience as executives and non-executives in technology and consumer markets brings an extra dimension, strength and depth to our Board that will be invaluable as Paysafe continues its rapid rate of development in the coming years."

There are no other disclosures to be made pursuant to Listing Rule 9.6.13.

About Paysafe:

Paysafe provides digital payments and transaction-related solutions to businesses and consumers around the world. Paysafe is redefining payments by enabling fast, convenient and secure ways to pay before, pay now and pay later through its digital wallets, prepaid solution, payment processing and card issuing, and acquiring products and services. With two decades of experience, Paysafe is trusted by merchants and consumers to move and manage money through more than 100 payment types and 40 currencies. Paysafe offers multi-platform products with an emphasis on emerging payment technologies including mobile. Paysafe's brand portfolio includes NETELLER(R) and Skrill(R), MeritCard, paysafecard(R), payolution(R), Income Access and FANS Entertainment. Paysafe Group plc shares trade on the London Stock Exchange under the symbol (PAYS.L). For more information, visit: www.paysafe.com.

For further information, contact:

Paysafe Group plc

Michelle Singleton, VP Investor Relations

[phone] / [e-mail]

Gavin Haycock, SVP Corporate Communications

[phone] / [e-mail]

Brunswick LLP

Brian Buckley / Rowan Brown

[phone]

This information is provided by RNS

The company news service from the London Stock Exchange

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March 07, 2017 02:05 ET (07:05 GMT)