Optimal Payments PLC Directorate Change (5725Z)
12 December 2014 - 6:00PM
UK Regulatory
TIDMOPAY
RNS Number : 5725Z
Optimal Payments PLC
12 December 2014
For immediate release
Optimal Payments Plc
Directorate Changes
CFO Succession
LONDON, MONTREAL and NEW YORK (12December 2014) - Optimal
Payments Plc (LSE AIM: OPAY, "Optimal Payments" or the "Company")
announces that Keith Butcher, Chief Financial Officer (CFO), will
be leaving the Company to take on a new role.
The Company is pleased to announce that Brian McArthur-Muscroft,
age 51, will succeed Keith as CFO and Director of the Company, with
effect from 1 January 2015. Brian has over 25 years' experience of
dealing with financial strategy, with the last 20 years
specialising in the technology sector. Keith will step down from
the Board on 1 January 2015 and has agreed to remain with the
Company until 31 March 2015 to oversee an orderly transition and
assist in the preparation of the year-end Report and Accounts,
before taking up a new role.
Brian was previously Group Finance Director at Telecity Group
Plc where he led the IPO of the business in 2007 and raised GBP400
million in senior debt facilities with major UK institutions to
support the rapid growth of the business. Brian was chosen as the
ICAEW's FTSE 250 Finance Director of the Year in 2012 and Business
Week's Finance Director of the Year in 2013. He currently serves as
a Non-executive Director on the Board of Robert Walters Plc
(appointed in May 2013). In former roles, Brian was CFO at Viatel,
Eckoh Technologies Plc and Cable & Wireless HKT Multimedia.
Brian is also a restructuring specialist and was the Interim CFO on
the successful turnaround of MCI Worldcom EMEA. Brian is a Governor
of Hockerill Anglo European College, a leading secondary school in
Hertfordshire and a trustee of Touraid, an international rugby
charity which organises tournaments to bring disadvantaged children
from all over the world to the UK through the creation of long-term
links with UK schools and clubs. Brian holds a Law degree and
qualified as a Chartered Accountant with PricewaterhouseCoopers in
London.
Joel Leonoff, President and Chief Executive Officer, commented:
"On behalf of the Board of Directors and the entire Company, I want
to thank Keith for his dedication and contribution over the past
four and a half years as CFO of Optimal Payments. Since joining the
company in May 2010, Keith has been a key member of the Board and
executive management team that has overseen a substantial
turnaround in the business, which started with the acquisition of
Optimal Payments Inc. in February 2011. Keith's contribution was
recognised earlier this year when he was awarded Finance Director
of the Year 2014 at the Quoted Company Awards. I wish Keith
continued success in his future endeavours and I am also grateful
to him for agreeing to oversee the seamless transition to Brian's
tenure as the Company's CFO. I am delighted to welcome Brian to the
Board of Optimal Payments. Brian brings a wealth of experience,
from his management roles as well as his broader industry
knowledge, and I am sure he will make a significant contribution to
the future success of the Company."
Save as disclosed above and in the appendix below, there are no
further details to be disclosed regarding the appointment of Brian
McArthur-Muscroft as required under paragraph (g) of Schedule 2 of
the AIM Rules.
Appendix
Brian David McArthur-Muscroft, who was previously Brian David
Muscroft, is currently a Non-Executive Director of Robert Walters
Plc. In addition, Mr McArthur-Muscroft's previous directorships,
which he has held within the last five years, are as follows:
Previous Directorships Resignation Date
Telecity Group Plc 31 January 2014
Globix Holdings (UK) Limited 31 January 2014
Globix Limited 31 January 2014
GLX Leasing Limited 31 January 2014
Telecity Limited 31 January 2014
Telecity UK Limited 31 January 2014
TelecityGroup Holdings Limited 31 January 2014
TelecityGroup International Limited 31 January 2014
TelecityGroup UK Limited 31 January 2014
TelecityGroup Investments Limited 31 January 2014
Internet Facilitators Holdings Limited 31 January 2014
Internet Facilitators Limited 31 January 2014
Newincco 992 Limited 31 January 2014
Central Data Centres Limited 31 January 2014
The UK Grid Network Limited 31 January 2014
About Optimal Payments Plc
Optimal Payments is a global provider of online payment
solutions, trusted by businesses and consumers in over 200
countries and territories to move and manage billions of dollars
each year. Merchants use the NETBANX(R) platform and services to
simplify how they accept credit and debit card, direct-from-bank,
and alternative and local payments; and the NETELLER(R) service to
increase revenues and capture new customers. Consumers use the
multilingual and multicurrency NETELLER and Net+(R) Card
stored-value offering to make secure and convenient payments. In
July 2014, Optimal Payments acquired Meritus Payment Solutions and
GMA as part of the company's commitment to strengthen its presence
in the US market. Optimal Payments Plc is quoted on the London
Stock Exchange's AIM, with a ticker symbol of OPAY. Subsidiary
company Optimal Payments Ltd is authorised and regulated as an
e-money issuer by the UK's Financial Conduct Authority (FRN:
900015).
For more information on Optimal Payments visit
www.optimalpayments.com or subscribe at
http://www.optimalpayments.com/media/email-alerts.
--
For further information contact:
Head of Investor Relations
Jessica Stalley
Optimal Payments Plc
+ 44 207 182 1707
investorrelations@optimalpayments.com
Canaccord Genuity Limited (Nominated Adviser & Broker)
Simon Bridges / Cameron Duncan
Tel: +44 (0) 20 7523 8000
Media Contacts - United Kingdom:
Simon Hudson/Andrew Dunn/Simon Fluendy
Tavistock Communications
+44 20 7920 3150
optimal@tavistock.co.uk
Media Contacts - Canada:
Linda Farha/Beverly Brooks
Zenergy Communications
+1 416-591-5461
opay@zenergycom.com
-ends-
This information is provided by RNS
The company news service from the London Stock Exchange
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