Management Changes
15 Giugno 2009 - 12:19PM
UK Regulatory
TIDMESG
RNS Number : 8916T
eServGlobal Limited
15 June 2009
eServGlobal Announces Management Changes and Share Issue
Sydney, 15 June, 2009
eServGlobal Limited (LSE: ESG & ASX: ESV), a provider of end-to-end solutions,
enabling smart communication, charging and payment services, today announced the
appointment of a new senior management team and an issue of new shares to that
team.
Mr Richard Mathews has been appointed as the company's new Chief Executive
Officer and Mr Craig Halliday as the company's new Chief Operating Officer.
Prior to joining eServGlobal, Mr Mathews was CEO of Mincom, a global enterprise
software company and Mr Halliday was its COO. Together over three years, they
turned around Mincom's business, increasing its share price by over 250% before
steering the sale of the company to a private equity group.
eServGlobal Executive Chairman, Mr Ian Buddery said, "Mr Mathews and Mr Halliday
are experienced international software executives who have aggressively grown
established businesses, turned around underperforming businesses and acquired
companies in countries across the globe including Australia, Brazil, China,
Chile, France, Germany, Japan, South Africa, Spain, Taiwan, UAE and USA.
Richard and Craig add a new depth of experience to the eServGlobal management
team and their past experience correlates with our business objectives and
financial goals."
Mr Mathews said "eServGlobal has unique products and positioning, in fast
growing emerging markets - with significant long term growth opportunities.
Craig and I are very much looking forward to working with the eServGlobal
customers and other stakeholders to build upon what is already an impressive
international company".
The current Chief Executive Officer, Mr Laurent Lafarge, will leave the company
on 17 July.
"Mr Lafarge has led the company through a period of significant development"
commented Ian Buddery, Executive Chairman of eServGlobal. "He has helped us to
position for long term growth, particularly in the mobile payment and remittance
markets. We wish him every success in the future."
Share Issue
Mr Mathews and Mr Halliday are also investing in eServGlobal, via their company,
MHB Holdings Pty Ltd (MHB). Mr Mathews and Mr Halliday are not directors of
eServGlobal.
A placement of 24,595,440 newly issued ordinary shares, at A$0.33 per share will
be made today, 15 June 2009, raising A$8,116,495. 17,322,713 shares will be
issued to MHB and 7,272,727 shares will be issued to Mr Halliday. Following
this issue, eServGlobal will have 196,661,038 shares and 3,923,478 options
issued.
eServGlobal Executive Chairman, Mr Ian Buddery said, "This investment indicates
Richard and Craig's commitment to the company and their alignment with
shareholder interests. The capital raised will assist with our restructuring and
new product development programs and ensure that the company is equipped for a
strong recovery. "
About eServGlobal
eServGlobal (AIM: ESG & ASX: ESV) develops and implements solutions for mobile
payment, convergent charging and rating, network services and messaging
products, for telecom service providers, across all legacy and next generation
telecom networks.
eServGlobal provides comprehensive services ensuring the success of projects
with worldwide implementation, integration and support services. Its innovative
solutions help service providers to grow new revenues, reduce churn and lower
their costs.
Over 80 of the world's leading service providers, with over 400 million mobile
subscribers in more than 50 countries, are taking advantage of eServGlobal's
end-to-end solutions and expertise to quickly deliver revenue-generating
services. With 16 offices around the world and staff from 30 different
countries, it provides flexible solutions with ongoing product development,
based on a deep understanding of its customers' challenges.
eServGlobal is listed on the Australian Stock Exchange (ASX: ESV) and the London
Stock Exchange AIM market (LSE: ESG). More information can be found at:
www.eservglobal.com
Ian Buddery
Executive Chairman
+61 2 9364 2700
investor@eservglobal.com
This information is provided by RNS
The company news service from the London Stock Exchange
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