Optimal Payments PLC Re Share Price Movement (8623Z)
16 December 2014 - 6:00PM
UK Regulatory
TIDMOPAY
RNS Number : 8623Z
Optimal Payments PLC
16 December 2014
For immediate release
Optimal Payments Plc
Share Price Movement
LONDON, MONTREAL and NEW YORK (16 December 2014) - Optimal
Payments Plc (LSE AIM: OPAY, "Optimal Payments" or the "Company")
notes the recent weakness in its share price and provides the
following statement.
Further to the trading update in November, the Company confirms
that trading in the year to date has been strong and expects
Optimal Payments' financial results for 2014 to be at least in line
with market expectations. The Company's NETELLER and NETBANX
businesses are both expected to deliver good revenue growth and
profitability in the year to 31 December 2014 and the integration
of the US businesses, acquired in July, is progressing well.
Optimal Payments continues to deliver on its stated strategic
objectives and remains confident in the outlook for organic and
accretive inorganic growth.
Dennis Jones, Non-executive Chairman of Optimal Payments, added:
"I'm delighted we have selected Brian McArthur-Muscroft as our new
CFO, after an extensive and rigorous search process. With a clear
mind to the future, the Board wanted a strong candidate with a
proven track record of contributing to the growth of large
companies who could assist us with our own ambitious growth
strategy."
The appointment of Brian McArthur-Muscroft as Chief Financial
Officer and to the board of Optimal Payments was fully endorsed by
the Board, following a comprehensive search for a suitable
candidate by a leading executive search firm.
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
END
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