Cancellation of Employee Options (6048X)
17 Febbraio 2012 - 8:00AM
UK Regulatory
TIDMESG
RNS Number : 6048X
eServGlobal Limited
16 February 2012
eServGlobal Limited (eServGlobalor the "Company")
Cancellation of Employee Options
Paris: 17 February2012
eServGlobal (ASX:ESV, AIM:ESG), a global provider of Mobile
Money and Value Added Services, has today resolved to cancel
options issued in February 2011 to certain of the Company's
employees under the Company's Employee Share Option Plan (ESOP)
dated 4 August 2000.
A total of 6,300,000 options are being cancelled, being the
balance of all of the options issued under the ESOP in February
2011. None of the options issued (and now being cancelled) have
been exercised. No consideration is payable by the Company for the
cancellation. The options cancelled include the 1,000,000 options
previously advised as expired on 7 February 2012.
The options that remain on issue following the cancellation are
set out below and relate to issues under the ESOP in 2007:
Number of Options Exercise Price Expiry Date
300,000 A$0.52146 6 March 2012
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110,000 A$0.80146 3 October 2012
-------------- --------------
The Company intends to seek shareholder approval at the
Company's next Annual General Meeting to adopt a new employee share
option plan, details of which will be included in the relevant
notice of annual general meeting and explanatory memorandum.
About eServGlobal
eServGlobal specializes in Mobile Money solutions and
Value-Added Services (VAS), to help Mobile Service Providers
increase their revenue and gain and maintain customer ownership.
eServGlobal invests heavily in product development, using
carrier-grade, next-generation technology and aligning with the
requirements of more than 75 customers in over 55 countries.
For more than 25 years mobile and financial service providers
have used eServGlobal solutions to lead and innovate in their local
markets, leveraging their core assets and their trusted agent and
subscriber relationships.
With 13 offices globally, eServGlobal provides full "end-to-end"
and "any account to any account" Mobile Money Services and
International Remittance Services. TheHomeSend solution is the only
mobile-centric international remittance hub to gain endorsement
from the GSM Association. The HomeSend Certification Program
ensures security and interoperability by certifying domestic mobile
wallet providers, money transfer organizations, and financial
service providers to connect to the hub.
eServGlobal's Value-Added Services in promotions, loyalty and
messaging enable service providers to engage with their subscribers
in a personalized and dynamic manner.
To reduce time-to market and to meet the needs of operators and
banks, eServGlobal provides multiple licensing alternatives as well
as SaaS-based products and services.
eServGlobal is listed on the Australian Securities Exchange
(ESV) and the London Stock Exchange AIM (ESG). More information at:
www.eservglobal.com
For further information, please contact:
eServGlobal www.eservglobal.com
Tom Rowe, CompanySecretary T: +61 (0)73302 0194
investor@eservglobal.com
Cenkos Securities plc www.cenkos.com
IvonneCantu/Stephen Keys (Nomad) T: +44 (0)20 7397 8980
NewgateThreadneedle Communications www.newgatethreadneedle.com
Caroline Evans--Jones/Josh Royston/Hilary T: +44 (0)20 7653 9850
Millar
This information is provided by RNS
The company news service from the London Stock Exchange
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