ESG Eservglobal Limited

TIDMESG

RNS Number : 3590O

eServGlobal Limited

17 May 2018

eServGlobal Limited ("eServGlobal" or the "Company")

AGM Statement

17 May 2018

eServGlobal (LSE: ESG.L & ASX: ESV.AX), a pioneering digital transactions technology company, will hold its Annual General Meeting today at 11.00a.m. (BST) at the offices of finnCap at 60 New Broad Street in London, United Kingdom.

At the meeting John Conoley, Executive Chairman of the Company, will provide the following address to shareholders on behalf of the Board:

"2017 was a year in which we evidenced progress on both sides of our business, but ultimately we still need to deliver more proof that our strategy works today. We are focused on what is an improving picture for both eServGlobal and HomeSend. eServGlobal is now debt-free, with the core business benefitting from a much-reduced cost base, which is already showing signs of progress against a refreshed sales approach.

HomeSend, our JV with Mastercard and BICS, can support delivery of cross-border payments into over 100 countries. Growing numbers of banks have now been enabled to use HomeSend for their global payments solutions. Within the JV the focus is now strongly on growing the number of live banking partners.

We continue to be extremely excited about the prospects of HomeSend, and continue to ready the core business to explore corporate strategic options. We look forward to updating shareholders as the year progresses."

A further announcement with the results of the AGM votes will be released after the close of the meeting.

The Company will also provide an accompanying presentation at the AGM which is available on the Company website at: http://eservglobal.com/investors/

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 and BICS, 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.

For further information, please contact:

 
 eServGlobal                                  www.eservglobal.com 
 Tom Rowe, Company Secretary                  investors@eservglobal.com 
  Andrew Hayward, Chief Financial 
  Officer 
  Alison Cheek, VP Corporate Communications 
 finnCap Limited (Nomad and Broker)           www.finnCap.com 
  Corporate Finance: Jonny Franklin-Adams      T: +44 (0) 20 
  / Anthony Adams / Hannah Boros               7220 0500 
  Corporate Broking: Tim Redfern / 
  Richard Chambers 
 Alma PR (Financial Public Relations)         www.almapr.co.uk 
  John Coles / Helena Bogle                    T: +44 (0) 208 
                                               004 4218 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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May 17, 2018 02:01 ET (06:01 GMT)

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