29th Jan 2009 09:48
29 January, 2009
eServGlobal Limited("eServGlobal" or "the Company")
Shareholder Update
eServGlobal Limited (LSE: ESG & ASX: ESV), a provider of end-to-end solutions, enabling smart communication and payment services for service providers on any generation network, today provides a clarification on its discussions with potential acquirers for the Company following its trading update announced on 27 January 2009.
Mr. Ian Buddery, Executive Chairman of eServGlobal, said, "At the AGM in November 2008, we advised shareholders that we had appointed ABN Amro to advise on several preliminary approaches made by potential acquirers for the Company. A formal process, through a committee of independent board members, is now in progress with a shortlist of investors and we expect further announcements in due course."
For further information:
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Ian BudderyExecutive ChairmaneServGlobal Limited |
Numis Securities LimitedBrent Nabbs (NOMAD) / David Poutney (Broking)Tel: +44 (0) 20 7260 1000
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About eServGlobal
eServGlobal (AIM: ESG & ASX: ESV) develops and implements solutions for mobile payment, convergent charging and rating, network services and messaging products, for telecom service providers, across all legacy and next generation telecom networks.
Over 80 of the world's leading service providers, with over 400 million mobile subscribers in more than 50 countries, are taking advantage of eServGlobal's end-to-end solutions and expertise to quickly deliver revenue-generating services. With 16 offices around the world and staff from 30 different countries, it provides flexible solutions with ongoing product development, based on a deep understanding of its customers' challenges.
eServGlobal is listed on the Australian Stock Exchange (ASX: ESV) and the London Stock Exchange AIM market (LSE: ESG). In the year to 30 June 2008, eServGlobal reported revenue of AU$177.9 million, representing organic growth of 15.9% over FY07. Net profit after tax of AU$10.4 million was achieved, up 91.5% from the previous year. A dividend of 3 cents per share was paid for the full year ended 30 June, 2008, an increase of 50% over the previous year's dividend payment. More information can be found at: www.eservglobal.com.
Ian BudderyExecutive ChairmaneServGlobal Limited
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