Escher Group Holdings PLC Chief Executive to retire (9084A)

TIDMESCH

RNS Number : 9084A

Escher Group Holdings PLC

04 January 2018

4 January 2018

Escher Group Holdings plc

Chief Executive to retire

Escher Group Holdings plc (AIM: ESCH, "Escher" or "the Group"), a world leading provider of outsourced, point of service software for use in the worldwide postal, retail and financial industries, has been notified by Liam Church, Chief Executive, that he will retire at the end of May 2018.

During the next few months, Liam will work with the Board to ensure an orderly handover to a replacement CEO.

Nick Winks, Chairman, commented:

"Liam has been a remarkable leader of Escher since the MBO he led in 2007.

"He will leave the business in a stronger position than it has ever been before, with strong recurring revenue streams underpinning its EBITDA and with no debt.

"On behalf of the Board and all employees at Escher, I would like to thank him for his contribution and wish him well for the future."

Liam Church, CEO, commented:

"After many years in the postal industry and over 10 years at the helm, it is now time for me to retire and focus on other interests. I have thoroughly enjoyed leading Escher and have formed many friendships, both within the company and across the postal industry.

"I am confident that the business will continue to develop in an industry that has seen growth with the emergence of ecommerce in recent years."

Enquiries:

 
 Escher www.eschergroupholdings.com    +353 (0)1 254 5400 
 Nick Winks, Chairman 
 
                                       +44 (0)20 7886 
 Panmure Gordon                         2500 
 Andrew Godber / Alina Vaskina, 
  Corporate Finance 
 Erik Anderson, Corporate Broking 
 
                                       +44 (0)20 7457 
 Instinctif Partners                    2077 
 Adrian Duffield / Chris Birt

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.

About Escher Group Holdings

Escher is a world-leading provider of outsourced, point-of-service software for use in the worldwide postal, retail and financial industries. Its core software, Riposte(R) , a Transaction Services Platform, enables our customers to expand their offerings, providing new services, reducing costs and increasing efficiency. The Riposte(R) Platform securely extends the retail branch network. Our technology creates new revenue opportunities, streamlines operations, and its flexibility allows it to be deployed across multiple platforms and devices, giving the ultimate freedom of choice when it comes to channel and hardware selection. Our focus is to ensure the success of our customers by delivering the very best in innovative technology for their business.

This information is provided by RNS

The company news service from the London Stock Exchange

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January 04, 2018 02:00 ET (07:00 GMT)

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