SafeCharge International Group Ltd Appointment of CFO and Board Changes (5025J)

TIDMSCH

RNS Number : 5025J

SafeCharge International Group Ltd

29 June 2017

SafeCharge International Group Limited

("SafeCharge", the "Group" or the "Company")

Appointment of Chief Financial Officer and Board Changes

SafeCharge (AIM: SCH), a leading payments technology company, is pleased to announce that Tsach Einav has been appointed as Group Chief Financial Officer effective from 1 September 2017, replacing Tim Mickley, and Board member effective immediately. Tsach, aged 43, joined SafeCharge in 2006 as Chief Financial Officer and has played a key role in SafeCharge's corporate development as well as in the Group's admission to AIM in April 2014, alongside CEO David Avgi. In his current management role, Tsach is General Manager of the SafeCharge group's Israeli subsidiary. He is a certified public accountant and he holds a BA in Economics and Accounting and MA in Economics.

Tim Mickley, Chief Financial Officer, has given notice of his intention to step down from the Board and will be leaving the Company on 1 September 2017 to pursue new entrepreneurial opportunities. Until his departure, Tim will remain with the company to ensure an orderly transition.

Commenting on the appointment, SafeCharge's Chairman, Roger Withers, said:

"I am delighted that Tsach is joining the SafeCharge Board at this important time in the Company's development. He has considerable experience within SafeCharge's business, strong financial expertise and has been integral to the Group's successful operations over many years. He has worked closely with Tim during this time and therefore we are confident of a smooth transition."

"On behalf of the Board, I would like to thank Tim for his important contribution to SafeCharge and for supporting the Company through its first three years as a public company; a period in which we have seen the company develop significantly and revenues treble. We wish him well in his future."

- Ends -

Enquiries

 
 SafeCharge International 
  Group Limited 
  David Avgi 
  Tim Mickley 
  c/o Bell Pottinger         [phone] 
 Shore Capital 
  Mark Percy 
  Toby Gibbs                 [phone] 
 Bell Pottinger 
  David Rydell 
  Joanna Davidson            [phone] 
 

Appendix - AIM Rule 17

The directorships / partnerships held by Tsach Einav in the previous five years are:

 
 Current                    Past 
 Safe Charge (Israel)       Web Charge Limited 
  Limited 
  Credit Guard Limited 
 Einav Hi-Tec Assets 
  Limited 
 Einav Family Financial 
  Assets Limited 
 

There are no other disclosures required relating to Mr. Einav's appointment in accordance with Schedule 2(g) of the AIM Rules.

About Tsach Einav

Tsach, aged 43, joined SafeCharge in 2006 as Chief Financial Officer and has played a key role in SafeCharge's corporate development, as well as in the Group's admission to AIM in April 2014. In his current management role, Tsach is General Manager of the SafeCharge group's Israeli subsidiary. Tsach has considerable experience within SafeCharge's business and has played a pivotal role in the Group's successful development over the years. Prior to joining SafeCharge, Tsach held a managerial position at KPMG where he spent over seven years in a variety of roles. Tsach is a certified public accountant and he holds a BA in Economics and Accounting and MA in Economics.

About SafeCharge

SafeCharge International Group Limited (LSE: SCH) is the payment service partner for the world's most demanding businesses. SafeCharge provides global omni--channel payments services from card acquiring and issuance to payment processing and checkout, all underpinned by advanced risk management solutions. This fully featured proprietary payment platform connects directly to all major payment card schemes including Visa, MasterCard, American Express and Union Pay as well as over 150 local payment methods. With offices around the world, SafeCharge serves a diversified, blue chip client base and is a trusted payment partner for customers across a range of vertical markets. The company has been listed on the London Stock Exchange AIM market since 2014.

www.safecharge.com

This information is provided by RNS

The company news service from the London Stock Exchange

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June 29, 2017 02:01 ET (06:01 GMT)