Management Changes

 

TIDMESG 
 
RNS Number : 8916T 
eServGlobal Limited 
15 June 2009 
 
 
eServGlobal Announces Management Changes and Share Issue 
Sydney, 15 June, 2009 
 
eServGlobal Limited (LSE: ESG & ASX: ESV), a provider of end-to-end solutions, 
enabling smart communication, charging and payment services, today announced the 
appointment of a new senior management team and an issue of new shares to that 
team. 
 
Mr Richard Mathews has been appointed as the company's new Chief Executive 
Officer and Mr Craig Halliday as the company's new Chief Operating Officer. 
Prior to joining eServGlobal, Mr Mathews was CEO of Mincom, a global enterprise 
software company and Mr Halliday was its COO. Together over three years, they 
turned around Mincom's business, increasing its share price by over 250% before 
steering the sale of the company to a private equity group. 
eServGlobal Executive Chairman, Mr Ian Buddery said, "Mr Mathews and Mr Halliday 
are experienced international software executives who have aggressively grown 
established businesses, turned around underperforming businesses and acquired 
companies in countries across the globe including Australia, Brazil, China, 
Chile, France, Germany, Japan, South Africa, Spain, Taiwan, UAE and USA. 
Richard and Craig add a new depth of experience to the eServGlobal management 
team and their past experience correlates with our business objectives and 
financial goals." 
Mr Mathews said "eServGlobal has unique products and positioning, in fast 
growing emerging markets - with significant long term growth opportunities. 
Craig and I are very much looking forward to working with the eServGlobal 
customers and other stakeholders to build upon what is already an impressive 
international company". 
The current Chief Executive Officer, Mr Laurent Lafarge, will leave the company 
on 17 July. 
"Mr Lafarge has led the company through a period of significant development" 
commented Ian Buddery, Executive Chairman of eServGlobal. "He has helped us to 
position for long term growth, particularly in the mobile payment and remittance 
markets. We wish him every success in the future." 
Share Issue 
 
Mr Mathews and Mr Halliday are also investing in eServGlobal, via their company, 
MHB Holdings Pty Ltd (MHB).  Mr Mathews and Mr Halliday are not directors of 
eServGlobal. 
 
A placement of 24,595,440 newly issued ordinary shares, at A$0.33 per share will 
be made today, 15 June 2009, raising A$8,116,495.  17,322,713 shares will be 
issued to MHB and 7,272,727 shares will be issued to Mr Halliday.  Following 
this issue, eServGlobal will have 196,661,038 shares and 3,923,478 options 
issued. 
 
eServGlobal Executive Chairman, Mr Ian Buddery said, "This investment indicates 
Richard and Craig's commitment to the company and their alignment with 
shareholder interests. The capital raised will assist with our restructuring and 
new product development programs and ensure that the company is equipped for a 
strong recovery. " 
About eServGlobal 
eServGlobal (AIM: ESG & ASX: ESV) develops and implements solutions for mobile 
payment, convergent charging and rating, network services and messaging 
products, for telecom service providers, across all legacy and next generation 
telecom networks. 
 
eServGlobal provides comprehensive services ensuring the success of projects 
with worldwide implementation, integration and support services. Its innovative 
solutions help service providers to grow new revenues, reduce churn and lower 
their costs. 
 
Over 80 of the world's leading service providers, with over 400 million mobile 
subscribers in more than 50 countries, are taking advantage of eServGlobal's 
end-to-end solutions and expertise to quickly deliver revenue-generating 
services. With 16 offices around the world and staff from 30 different 
countries, it provides flexible solutions with ongoing product development, 
based on a deep understanding of its customers' challenges. 
 
eServGlobal is listed on the Australian Stock Exchange (ASX: ESV) and the London 
Stock Exchange AIM market (LSE: ESG). More information can be found at: 
www.eservglobal.com 
 
 
 
 
Ian Buddery 
Executive Chairman 
 
[phone] 
 
[e-mail] 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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