30th Aug 2016 17:30
30 August 2016
MoneySwap plc
("MoneySwap" or the "Company")
Director resignation
MoneySwap announces that Sunny Yu has today resigned as Chief Executive of the Company, with immediate effect. Craig Niven, currently Chairman of the Company, will assume the role as interim Chief Executive.
It had always been the intention that Sunny Yu would cease to act as a director on completion of the fundraising with Hunan Commodities Trading Centre Company Limited ("HNCX"), further details of which were announced by the Company on 1 July 2016. The Company remains in discussions with HNCX and will provide further updates in due course.
- Ends-
For further information, please contact:
MoneySwap Plc | Allenby Capital Limited | MoneySwap Plc |
Non-Executive Chairman | Nominated Adviser | Financial PR |
Craig Niven
| Nick Naylor James Reeve | Fiona Fenn Smith
|
+44 7767 497400 | +44 20 3328 5656 | +44 7712 101922 |
About MoneySwap (www.moneyswap.com)
MoneySwap provides payment solutions and gateways to merchants, which allow both online and point of sale transactions to be settled using UnionPay cards in the UK. In addition, UnionPay has licensed MoneySwap for its MoneyExpress service, which enables overseas persons to send funds directly to UnionPay cardholders in China. The Company also offers an online peer-to-peer platform for currency exchange and payments. The Company's shares are traded on the London Stock Exchange's AIM market (AIM: SWAP). More information can be found at www.moneyswap.com.
Related Shares:
SWAP.L