Free to Use Expansion

RNS Number : 2697J
Cashbox PLC
29 March 2010
 



Cashbox plc

("Cashbox" or the "Company")

 

Greene King to Adopt Free to Use ATM's

 

Cashbox is pleased to announce that it has been asked to survey a further 197 pubs within the estate of existing client Greene King, with a view to installing cash machines on a Free to Use basis. Initial results suggest that around 80 locations meet the necessary criteria.

 

Greene King has been a client of Cashbox since December 2003, and currently has 495 cash machines in its estate, all of which are operated by Cashbox under its surcharge model.

 

Ciaran Morton, Chief Executive, of Cashbox, stated:

"This is an exciting development for Cashbox as more and more customers look to adopt Free to Use machines. Free to Use is a relatively new concept for us but already represents 7% of our overall machine estate and, tellingly, these generate 15% of all of our transactions. In higher footfall locations this model presents excellent benefits for our clients and their customers and we believe that this represents a very exciting opportunity for Cashbox. "

For further information:

Cashbox plc

 

Ciaran Morton, Chief Executive

Tel: +44 (0) 1256 441 000

 

www.cashboxplc.co.uk

Seymour Pierce Limited

 

Jonathan Wright - Corporate Finance

David Banks - Corporate Broking

Tel: +44 (0) 207 107 8000

www.seymourpierce.com

 

 

Fairfax I.S. PLC

 

Ewan Leggat

Tel: +44 (0) 207 598 5368

 

www.fairfaxplc.com

Threadneedle Communications

 

Josh Royston / Graham Herring

Tel: +44 (0) 207 653 9850

 

www.threadneedlepr.co.uk

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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