TSX Venture Exchange: FGD
Frankfurt Stock Exchange: 1G5
TORONTO, Oct. 2, 2017 /CNW/ - First Global Data Limited
("First Global" or the "Company") announces the resignation of
Nayeem Alli and the appointment of
Vicki Ringelberg, as the Chief
Financial Officer of the Company.
Nayeem Alli is a founder and has
been a key contributor toward the vision and success of the
Company. The decision to resign was a deeply personal one for him.
The Company is working with Mr. Alli toward establishing a
consulting relationship as he becomes ready. The Board of
Directors, management and shareholders of First Global thank Mr.
Alli for his dedication and contributions as Chief Financial
Officer and sincerely wish him the best. Mr. Alli continues as
a director of the Company.
Vicki Ringelberg is a high
caliber executive with a track record of success. Ms. Ringelberg is
currently the Chair of the Board of Trustees, Chair of the
Governance and Administration Committee and previous Chair of the
Audit Committee and Investment Committee of the OPSEU Pension Trust
(OPTrust). Prior to that, Ms. Ringelberg spent over 20 years
working in various senior financial capacities including Chief
Financial Officer of Portland Investment Counsel and the Chief
Financial Officer and Chief Operating Officer of AIC Limited
("AIC"). During her tenure at AIC, Ms. Ringelberg was also a member
of various boards. Ms. Ringelberg has broad experience in the
financial services industry including managing large scale
initiatives, implementing complex accounting systems, evaluating
business opportunities and executing the acquisitions and sales of
various businesses. Ms. Ringelberg is a CPA and also holds an
MBA from the Rotman School of Business, University of Toronto.
"We respect Nayeem's decision to step down as our CFO. He has
been a leader since the Company's inception and instrumental in the
Company achieving the levels of success it currently has," said
Andre Itwaru, the Company's Chairman
and CEO. "We are very pleased that Vicki has agreed to join First
Global. She brings an incredible level of experience, financial
acumen and discipline to the Company, and I look forward to working
closely with her as we take the Company to the next levels of its
evolution."
The appointment of Vicki
Ringelberg as Chief Financial Officer is subject to
acceptance by the TSX Venture Exchange.
About First Global Data Ltd.
(www.firstglobaldata.com)
First Global is an international financial services technology
("FINTECH") company. The Company's two main lines of business are
mobile payments and cross border payments. First Global's
proprietary leading edge technology enables the convergence of
compliant domestic and cross border payments, shopping, Peer to
Peer ("P2P"), Business to Consumer ("B2C"), and Business to
Business ("B2B") payments. First Global enables its strategic
partners and clients around the world with our leading edge
financial services technology platform.
Caution:
Neither the TSX Venture Exchange Inc.
("TSXV") nor its Regulation Services Provider (as that term is
defined in the policies of the TSXV) accepts responsibility for the
adequacy or accuracy of this release.
The securities offered have not been registered under the
U.S. Securities Act of 1933, as amended, and may not be offered or
sold in the United States absent
registration or an applicable exemption from the registration
requirements. This press release shall not constitute an offer to
sell or a solicitation of an offer to buy nor shall there be any
sale of the securities offered in any jurisdiction in which such
offer, solicitation or sale would be unlawful.
Forward Looking Information:
This news release
contains "forward-looking information" within the meaning of
applicable securities laws. Although First Global believes in light
of the experience of its officers and directors, current conditions
and expected future developments and other factors that have been
considered appropriate, that the expectations reflected in this
forward-looking information are reasonable, undue reliance should
not be placed on them because First Global can give no assurance
that they will prove to be correct. Readers are cautioned to not
place undue reliance on forward-looking information. Actual results
and developments may differ materially from those contemplated by
these statements. The statements in this press release are made as
of the date of this release. First Global undertakes no obligation
to comment on analyses, expectations or statements made by
third-parties in respect of First Global, its securities, or
financial or operating results (as applicable). First Global
disclaims any intent or obligation to update publicly any
forward-looking information, whether as a result of new
information, future events or results or otherwise, other than as
required by applicable securities laws.
SOURCE First Global Data Limited