Network International Holdings PLC Investor Update (6812M)

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RNS Number : 6812M

Network International Holdings PLC

25 January 2021

Investor update - 25 January 2021

Network International Holdings plc ("Network" or the "Company") announces that it has today published on the Investor Relations section of its website; responses to a number of frequently asked questions(1) . The FAQs provide final responses to certain matters raised in the ShadowFall report published on December 23(rd) 2020. Therefore, we will not be publishing further responses to matters raised which we consider immaterial, factually inaccurate, historical, or that have already been addressed in our investor communications.

Ron Kalifa OBE, Chairman, said:

"Integrity is central to all that we do at Network International and we refute the concerns against the Company. The Board carefully considers issues raised by stakeholders and while there are limited associations between DPO and some individuals that are regrettable, the Board is satisfied there is no evidence of wrongdoing by the DPO Group.

DPO remains a highly attractive asset, as an online payments business with a leading pan-African presence. The acquisition will accelerate our growth and consolidate our position in the fastest growing payments market in the world. We are confident in the strength of our business, our culture, and the financial and operating discipline that underpins everything we do. We continue to be excited by the opportunity for growth in our markets and confidently look forward to executing on our strategy to build the leading payments business in the Middle East and Africa."

1. These FAQs contain certain forward-looking statements with respect to the financial condition, results or operation and businesses of Network International Holdings plc. Such statements and forecasts by their nature involve risks and uncertainty because they relate to future events and circumstances.

There are a number of other factors that may cause actual results, performance or achievements, or industry results, to be materially different from those projected in the forward-looking statements. These factors include general economic and business conditions; changes in technology; timing or delay in signing, commencement, implementation and performance of programmes, or the delivery of products or services under them; industry; relationships with customers; competition; and ability to attract personnel.

You are cautioned not to rely on these forward-looking statements, which speak only as of the date of this announcement. We undertake no obligation to update or revise any forward-looking statements to reflect any change in our expectations or any change in events, conditions or circumstances.

Investor Relations enquiries

Network International [e-mail]

Amie Gramlick, Head of Investor Relations

Media enquiries

Finsbury [e-mail]

James Leviton, Rob Allen

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January 25, 2021 02:00 ET (07:00 GMT)