PayPoint plc : Directorate Changes

5 July 2016

PayPoint plc (PayPoint or the Company)

Directorate Changes

PayPoint plc, today announces that George Earle will retire from his role as Finance Director and Executive Director of the Company during 2017. George joined PayPoint as Group Finance Director in September 2004. 

PayPoint further announces that Rachel Kentleton has agreed to join the PayPoint Board with effect from 3 January 2017 in order to succeed George as Finance Director and Executive Director following an orderly transition. Rachel is currently Group Director Strategy and Implementation at easyJet plc. Prior to joining easyJet Rachel held finance and investor relations roles at SABMiller, Diageo, NatWest and Unilever. Rachel is also a Non Executive Director and Chairman of the Audit Committee at Persimmon plc.

Nick Wiles, Chairman, said:

"George Earle has made a significant contribution to the Company over the last 11 years and the Board is appreciative of his robust and prudent management of the Company's financial affairs throughout his tenure.  George's personal commitment, competence and integrity are widely recognised both internally and by our shareholders. The Board is grateful that he has agreed to facilitate an orderly transition with his successor.

The Board is delighted to have recruited Rachel Kentleton as George Earle's successor following an externally-facilitated search process led by the nomination committee of the Board. Rachel brings considerable financial and operational experience together with a wide knowledge of investor relations and strategy"
  
There is no further information which would require disclosure under 9.6.13R of the Listing Rules of the UK Listing Authority.

Enquiries:

RLM Finsbury: 020 7251 3801

Rollo Head

PayPoint is a British success story that has been powering local and national businesses for 20 years.

We support market leading national networks across 39,000 convenience stores in the UK and Romania so that our customers are always close to a PayPoint store. In thousands of locations, as well as at home or on the move, people use us better to  control  their household finances, essential payments and in-store services, like parcels. Our UK network contains more branches than all banks, supermarkets and Post Offices together, putting us at the heart of communities for over 10 million regular weekly customers.

We have a proven track record of decades of tech-led innovation, providing retailers with tools that attract customers into their shops. Our industry-leading payments systems give first class service to the customers of over 1,500 clients - utility companies, retailers, transport firms and mobile phone providers, government and more.

We are on and offline; providing for payments by cash, card including contactless; retail, phone and digital; at home, work and whilst out and about from Land's End to the highlands and islands - helping to keep modern life moving.

Multichannel payments

We offer clients streamlined consumer payment processing and transaction routing in one, seamlessly integrated solution, through MultiPay. This gives customers the flexibility to pay in the way that best suits them; including mobile app, online, text, phone/IVR and cash in-store.

MultiPay is live with Utilita, a fast growing challenger energy supplier. We have signed several other energy companies, a framework agreement with Procurement for Housing and, significantly, Scottish and Southern Energy, our first Big 6 energy client

Retail networks

In the UK, our network includes over 29,000 local shops including Co-op, Spar, Sainsbury's Local, Tesco Express and thousands of independent outlets. These outlets are quick and convenient places to make energy meter prepayments, bill payments, benefit payments, mobile phone top-ups, transport tickets, TV licences, cash withdrawals and more.

Our Romanian network continues to grow profitably.  We have more than 10,200 local shops, helping people to make cash bill payments, money transfers, road tax payments and mobile phone top-ups. Our clients include all the major utilities and telcos and many other consumer service companies.

In the UK, our Collect+ joint venture with Yodel offers parcel drop-off and pick-up services in nearly 6,000 convenience stores. Customers use Collect+ to handle parcels from major retailers including Amazon, eBay, ASOS, New Look, John Lewis, House of Fraser, M&S and Very.

The UK network also includes over 4,200 LINK branded ATMs, and 10,000 of our terminals enable retailers to accept debit, credit and contactless payments, including Apple Pay.

We operate over 3,000 Western Union agencies in the UK and Romania for international and domestic money transfers.

PayPoint Directorate Changes

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Source: PayPoint plc via Globenewswire

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