19 May 2017 12:16
SafeCharge International Group Limited
('SafeCharge,' the 'Company' and together with its subsidiaries, the 'Group')
Result of AGM and Trading Update
SafeCharge (AIM: SCH), the global provider of payments services, technologies and risk management solutions is pleased to announce that all resolutions were duly passed at the Company's Annual General Meeting, which was held earlier today.
The company also provides the following trading update:
The Board reiterates expectations for full year 2017 performance.
Revenue has shown solid growth versus Q1 2016, driven by new customer wins in H2 2016.
The Board is encouraged by the pipeline of high quality business with a number of large new customers due to start processing in the second half of the year.
The growth of SafeCharge Acquiring remains on track.
The Group continues to invest in key new sales and marketing people, who are bringing new customers and a greater awareness of SafeCharge's capabilities outside our traditional markets.
The Board remains confident that the outcome for the year will be in line with market expectations.
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 Joanna Davidson Edward Brown
| +44 (0) 20 3772 2500 |
About SafeCharge
SafeCharge is a global provider of technology-based multichannel payments services and risk management solutions for demanding businesses. The Group has a diversified, blue chip client base and is a trusted payment partner for customers from several 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 (AIM: SCH). The Company's wholly owned subsidiary, SafeCharge Limited, is an authorised Electronic Money Institution regulated by the Central Bank of Cyprus and a principal member of MasterCard Europe and VISA Europe. The Group has operations in the UK, Guernsey, Cyprus, Bulgaria, Israel, Austria, Singapore and Hong Kong.
http://www.safecharge.com/