eServGlobal Limited Directorate Change, Change of Director Interests (5254W)

TIDMESG

RNS Number : 5254W

eServGlobal Limited

30 December 2013

eServGlobal Limited (eServGlobal or the "Company")

Resignation of Director

Sydney: 30 December 2013

eServGlobal Limited, the provider of end-to-end mobile financial services to emerging markets, announces that Director Craig Halliday has resigned following the formation of the HomeSend Joint Venture (JV) with MasterCard and BIC's which was announced on 19 December 2013.

The Board would like to thank Craig for the instrumental role he has played in bringing the formation of the HomeSend JV deal with MasterCard to a positive conclusion.

Craig came to eServGlobal in June 2009 during the Global Financial Crisis and during some very challenging times for the company. During his tenure as COO, CEO and Director he played a major part in turning eServGlobal into the thriving business it is today. Craig was instrumental in the sale of the prepaid charging platform to Oracle in 2010 after which he restructured and led eServGlobal to a leadership position in the mobile money market. He led the management team in the restructuring of the business and the formation of the leadership team we have in place today that has brought the company back to profitability.

Craig's final task as Executive Director was to realise the potential of HomeSend and today's announcement of a Market changing Joint Venture with MasterCard brings HomeSend to a new and exciting level. This deal moves HomeSend into a market leadership position and with it fulfils Craig's commitments to the company.

The Board thanks Craig for his exceptional service and accepts his wish to now stand down from the Board to pursue another executive role in a non-financial services software business.

Craig Halliday commented, "I would like to thank the Board, shareholders and employees of eServGlobal for their support. The Company has established itself as a leading mobile money vendor and with the establishment of the HomeSend JV with MasterCard shows great potential for continued growth and success. I have the greatest level of confidence that under the guidance of the management team and Board eServGlobal will continue to generate positive results for many years to come."

Following Craig Halliday's resignation there has been a restructure of Mr Halliday's holdings in MHB Holdings Pty Ltd ("MHB Holdings") and Paua Pty Ltd ("Paua") which are reflected in the attached 3Y, 3Z and notices of ceasing to be a substantial holder.

None of these transfers have changed the beneficial interest in eServGlobal shares held by any of the parties.

http://www.rns-pdf.londonstockexchange.com/rns/5254W_-2013-12-30.pdf

About eServGlobal

eServGlobal (LSE: ESG, ASX: ESV) offers mobile money solutions which put feature-rich mobile financial services at the fingertips of users worldwide, covering the full spectrum of mobile wallet, mobile commerce, recharge and agent management features. eServGlobal invests heavily in product development, using carrier-grade, next-generation technology and aligning with the requirements of 65 customers in 50 countries. eServGlobal is partnering with MasterCard and BICS to build the HomeSend joint venture, the market leading international remittance service based on eServGlobal technology and enabling mobile money transfer in over 50 markets. eServGlobal has been a source of innovative solutions for mobile and financial service providers for 30 years.

For further information, please contact:

 
 eServGlobal                                  www.eservglobal.com 
 Tom Rowe, Company Secretary                  T: [phone] 
                                               [e-mail] 
 Cenkos Securities plc                        www.cenkos.com 
  Ivonne Cantú/Stephen Keys (Nomad)       T: [phone] 
 Charles Stanley Securities                   www.csysecurities.com 
  Dugald Carlean/Paul Brotherhood              T: [phone] 
 Newgate Threadneedle                         www.newgatethreadneedle.com 
  Caroline Evans--Jones/Josh Royston/Hilary    T: [phone] 
  Millar/ Jasper Randall 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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