1 Dec 2015 07:00
SafeCharge International Group Limited
("SafeCharge" or the "Company")
Board Changes
SafeCharge announces that Ali Khwaja, Chief Financial Officer, has tendered his resignation from his position on the Board. Tim Mickley, former Chief Financial Officer and current Business Development Director, will take over the role with immediate effect. Mr Khwaja, who intends to return to a career in the City, will remain with the Company until the New Year to facilitate a smooth transition.
The Company also announces that Yuval Ziv, Chief Operating Officer and Managing Director of SafeCharge Bulgaria will join the Board as Group Chief Operating Officer from 1 January 2016. Yuval, aged 39, joined SafeCharge in 2007 and has been pivotal in its global expansion and development of the Group's client relations, technology and acquiring operations. Yuval holds a BA in Economics (Business Administration) and a MA in Law.
SafeCharge's Chairman, Roger Withers, said:
"I and the rest of the Board look forward to Yuval joining the Board. He brings with him a wealth of knowledge and experience of the payments industry and the SafeCharge group. We would also like to thank Ali for his contribution to the Company and wish him the best in his return to a career in the City. We are grateful to Tim for stepping back into his former role.
"The Board takes this opportunity to reiterate the outlook statement included within the Company's interim results which highlighted continued strong performance. The Board remains very confident in achieving market expectations for the full year 2015."
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Enquiries
SafeCharge International Group Limited Tim Mickley
| +44 (0) 20 3051 3031 |
Shore Capital Pascal Keane Toby Gibbs
| +44 (0) 20 7408 4090 |
Bell Pottinger David Rydell Olly Scott James Newman
| +44 (0) 20 3772 2500 |
Appendix - AIM Rule 17
Save for the information above, there are no further disclosures to be made in accordance with Rule 17, Schedule Two (g) of the AIM Rules for Companies in respect of the appointment of Yuval Ziv, aged 39.
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.
www.safecharge.com