18 May 2016 07:00
SafeCharge International Group Limited
("SafeCharge", the "Company" together with its subsidiaries the "Group")
AGM Statement
At today's Annual General Meeting of SafeCharge (AIM: SCH), the global provider of payments services, technologies and risk management solutions for online and mobile businesses, Roger Withers, Chairman, will make the following statement.
"SafeCharge enjoyed strong trading in the first quarter of 2016 with revenues and gross profit for this period ahead of budget. In March the Group processed record volumes, this momentum continued in April and I am pleased to report that approximately 10% of this volume was processed through SafeCharge's own acquiring platform.
The start of 2016 also brought some significant client developments, including the delivery of a major new payments platform for the Rank Group, the launch of the Group's first airline customer ELAL and go-live with alternate payment methods for certain PaddyPower Betfair brands.
In order to support the ongoing development and growth of the Group, the Board continues to strengthen the management team in key areas and I am pleased to announce the non-Board appointment of Phil Atherton as Chief Risk Officer. Mr. Atherton has extensive experience in card payments, risk management and regulatory compliance having worked in senior positions with companies including WorldPay and Barclaycard."
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 Olly Scott James Newman Anna Legge
| +44 (0) 20 3772 2500 |
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.
http://www.safecharge.com/
SafeCharge (SCH)