4th Feb 2014 09:44
LONDON (Alliance News) - eServGlobal Limited said Tuesday that it has initiated a search to appoint a UK-based Chairman after a transition in its shareholder base from Australia to the UK.
The mobile financial services company said that the shift in shareholder base has resulted in a significant proportion of its shares and depositary interests being held in large UK investment funds.
The firm said, "Given the advancement of the Company's close working relationship with MasterCard, together with the vast majority of its customers being northern hemisphere domiciled and its majority UK shareholder base, the eServGlobal Board believes that now is the appropriate time to appoint a UK-based Chairman."
eServGlobal said that it has already commenced the search, and that the existing chairman, Richard Mathews, will resign as a director upon the appointment.
Shares in eServGlobal were trading down 0.87% at 45.6 pence per share Tuesday morning.
By Alice Attwood; [email protected]; @AliceAtAlliance
Copyright © 2014 Alliance News Limited. All Rights Reserved.
Related Shares:
eServGlobal