Proxama PLC Board Changes (4835F)
May 18 2017 - 2:01AM
UK Regulatory
TIDMPROX
RNS Number : 4835F
Proxama PLC
18 May 2017
18 May 2017
Proxama PLC
("Proxama", the "Company" or the "Group")
Board Change
Proxama PLC (AIM: PROX) reported on 17 May that, following the
conclusion of the strategic review, the Company will restructure
its Digital Payments Division, significantly reducing its cost
base.
As part of this process, Proxama today announces that Mike Woods
is stepping down as CEO of the Digital Payments Division, and from
his role on the Board with immediate effect.
John Kennedy, Chief Executive of Proxama said:
"I would like to thank Mike for his contribution to Proxama
since joining in 2014."
ENDS-
Enquiries:
Proxama PLC
John Kennedy, Chief
Executive 020 3668 2888
------------------------ --------------
Peel Hunt LLP
(Nominated Adviser
and Broker)
Richard Kauffer
Euan Brown 020 7418 8900
------------------------ --------------
Redleaf Communications
Charlie Geller
Elise Palmer
Sam Modlin 0207 382 4769
------------------------ --------------
About Proxama
Proxama is an international mobile commerce Company specialising
in proximity marketing via mobile and providing end-to-end
solutions for card issuers to migrate customers from magnetic
stripe credit and debit cards to contactless mobile payments.
Proxama's digital payments division supplies smart credit and
debit cards solutions to card-issuing financial institutions and
processors in the United States, Europe, Africa and the Middle
East, and specialises in enabling the migration from magnetic
stripe cards to chip cards, and from contactless chip cards to
mobile devices. The product set behind this division is Proxama's
Digital Enablement Platform, a comprehensive suite of card and
mobile payment-enabling technologies.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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