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Employee Share Option Plan Update

5th Sep 2013 07:00

RNS Number : 2707N
eServGlobal Limited
05 September 2013
 



 

eServGlobal Limited (eServGlobal or the "Company")

Employee Share Options Update

Paris: 5 September 2013

 

eServGlobal (LSE: ESG & ASX: ESV), the provider of end-to-end mobile financial services to emerging markets, announces that it intends to seek shareholder approval at its next Annual General Meeting, expected to be held in March 2014, for approval to issue 750,000 options under the Company's Employee Share Option Plan (ESOP) to each of its CEO, Paolo Montessori and CFO, Steve Blundell.

The exercise price is intended to be A$0.36 per option expiring 5 years from the date of the shareholder approval with 50% exercisable on 30 May 2014 and the balance on 30 May 2015.

 

eServGlobal advises that there are currently 9,450,000 options on issue under ESOP.

 

About eServGlobal

eServGlobal has been a source of innovative solutions for mobile and financial service providers for 30 years. eServGlobal invests heavily in product development, using carrier-grade, next-generation technology and aligning with the requirements of more than 90 customers in over 65 countries.

 

Our mobile money solutions put feature-rich mobile financial services at the fingertips of users worldwide, covering the full spectrum of mobile wallet, mobile commerce, recharge and agent management features. The market leading international remittance service HomeSend® is based on eServGlobal technology and offered by our strategic business partner BICS. eServGlobal also offers a comprehensive suite of sophisticated, revenue generating Value-Added Services to engage subscribers in a dynamic manner. These services can be seamlessly integrated with our mobile money portfolio to extend loyalty and promotion offers. eServGlobal is listed on the Australian Securities Exchange (ESV) and the London Stock Exchange AIM (ESG). More information at: www.eservglobal.com

 

 

 

For further information, please contact:

eServGlobal

www.eservglobal.com

Tom Rowe, Company Secretary

T: +61 (2) 8014 5050

Cenkos Securities plc

Ivonne Cantú/Stephen Keys (Nomad)

www.cenkos.com

T: +44 (0) 20 7397 8980

Newgate Threadneedle

Caroline Evans‐Jones/Josh Royston/Hilary Millar

www.newgatethreadneedle.com

T: +44 (0) 20 7653 9850

Charles Stanley Securities

Dugald Carlean/Paul Brotherhood

 

www.csysecurities.com

T: +44 (0) 20 7149 6000

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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