14th Jun 2016 08:30
SafeCharge International Group Limited
("SafeCharge", the "Company" together with its subsidiaries the "Group")
Sale of Investment
SafeCharge (AIM: SCH), the global provider of payments services, technologies and risk management solutions for online and mobile businesses, announces that it has sold its minority stake in German based FinTech Group AG ("FinTech"), listed on the Frankfurt Stock Exchange (FLA.GR).
The sale of the stake, which was originally acquired by SafeCharge in June 2015 for a cost approximately EUR10 million and represented 5% of FinTech's equity, will result in the realization of a small profit for SafeCharge.
SafeCharge is pleased to advise that the Group is now successfully offering its retail and corporate customers comprehensive banking services through its partnership with Saxo Payments.
Enquiries
SafeCharge International Group Limited Tim Mickley David Avgi c/o Bell Pottinger
| +44 (0) 20 3772 2500 |
Shore Capital Dru Danford Mark Percy Toby Gibbs
| +44 (0) 20 7408 4090 |
Bell Pottinger David Rydell Olly Scott James Newman Anna Legge
| +44 (0) 20 3772 2500 |
About SafeCharge
SafeCharge International Group Limited is a global provider of payments services, technologies and risk management solutions for online and mobile businesses. The SafeCharge group has a diversified, blue chip client base and is a trusted payment partner for customers from various e-commerce verticals. SafeCharge has been Payment Card Industry Data Security Standard ("PCI-DSS") Level 1 certified since 2007 and is listed on the London Stock Exchange AIM market (LSE: SCH). The Company's wholly owned subsidiary, SafeCharge Limited, is an authorized Electronic Money Institution regulated by the Central Bank of Cyprus and a principal member of MasterCard Europe and VISA Europe. The SafeCharge group has operations in the UK, Cyprus, Bulgaria, Israel, Germany, Austria and Ireland.
http://www.safecharge.com/
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