2nd Jan 2019 07:00
eServGlobal Limited ("eServGlobal" or the "Company")
Change to Executive Chairman's Role 24 December 2018
eServGlobal (LSE: ESG.L & ASX: ESV.AX), a pioneering digital transactions technology Company, advises that with the core business now well prepared for divestment and funding in place for the Company to meet its pro rata contribution to the anticipated capital requirements of HomeSend, the Board has determined that the Executive Chairman role can be effectively performed on a part time basis. As a result, effective from 1 January 2019, the Executive Chairman role will be undertaken on a part time basis.
Pursuant to ASX Listing Rule 3.16.4, the Company advises that Mr Conoley's fixed remuneration will be reduced by 50% to £130,000 per year. There is no compensation payable for the reduction in his role or remuneration.
For further information, please contact:
eServGlobal | www.eservglobal.com |
John Conoley, Executive Chairman Tom Rowe, Company Secretary Andrew Hayward, Chief Financial Officer Alison Cheek, VP Corporate Communications
| |
finnCap Limited (Nomad and Broker)Corporate Finance: Jonny Franklin-Adams / Anthony Adams / Hannah Boros Corporate Broking: Tim Redfern / Richard Chambers
| www.finnCap.comT: +44 (0) 20 7220 0500 |
Tulchan Communications LLP Jonathan Sibun / Matt Low
| www.tulchangroup.com T: +44 (0)207 353 4200 |
About eServGlobal
eServGlobal (AIM:ESG, ASX:ESV) is a pioneering digital financial transactions technology company, enabling financial and telecommunications service providers to create smoother transactions for their customers through deep technical expertise and rapid implementation. Built on the latest technology platforms, eServGlobal offers a range of transaction services including digital wallets, commerce, remittance, recharge, rapid service connection and business analytics. eServGlobal combines more than 30 years' experience, with an agile, future-focused mindset, to align with the requirements of customers and partners around the globe.
Together with Mastercard, eServGlobal is a joint venture partner of the HomeSend global payment hub, enabling cross-border transfer between bank accounts, cards, mobile wallets, or cash outlets from anywhere in the world.
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