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eServGlobal Reassures Over Trading After Finance Chief Share Sale

Fri, 03rd Oct 2014 06:47

LONDON (Alliance News) - eServGlobal Ltd Friday confirmed it is trading in line with board expectations, following a share price drop in the wake of news that Chief Financial Officer Stephen Blundell had sold 618,055 shares in the company.

In a statement, eServGlobal, which provides end-to-end mobile financial services to emerging markets, said that Blundell sold the shares for personal reasons. Blundell retains 631,945 options over a 0.25% stake in the company, eServGlobal added.

News of Blundell's sale of shares emerged on Tuesday this week, when eServGlobal said the CFO had sold the shares in six transactions over a period of four days.

eServGlobal shares Thursday closed at 27.0 pence on the London Stock Exchange.

By Samuel Agini; samagini@alliancenews.com; @samuelagini

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