eServGlobal Limited HomeSend Facility Drawdown and Update (3499B)

TIDMESG

RNS Number : 3499B

eServGlobal Limited

06 June 2019

eServGlobal Limited (eServGlobal or the "Company")

HomeSend Facility Drawdown and Update

London: 6 June 2019

eServGlobal (LSE: ESG.L & ASX: ESV.AX), a pioneering digital transactions technology company, advises that the Company has received the first drawdown request from HomeSend SCRL under the loan facility announced on 19 May 2019. The total drawdown is EUR2,000,000 between eServGlobal and Mastercard, with eServGlobal providing its proportionate share in the amount of EUR713,681.25.

As a further update on the performance of HomeSend to 31 March 2019, eServGlobal is pleased to advise that the percentage of payments terminating to a bank account destination on the HomeSend network in March 2019 grew to approximately 48 per cent. of gross transaction value flows across the platform. This represents a marked increase from the 32 per cent. recorded in December 2018. The network coverage as a percentage of global trade flows and the global remittance market remained stable across Q4 2018 and Q1 2019.

The Board of eServGlobal expects to provide further commentary on HomeSend's performance for Q2 in August 2019

About eServGlobal

eServGlobal (AIM:ESG, ASX:ESV) is a pioneering digital financial transactions technology company, enabling financial and telecommunications service providers to create smoother transactions for their customers through deep technical expertise and rapid implementation. Built on the latest technology platforms, eServGlobal offers a range of transaction services including digital wallets, commerce, remittance, recharge, rapid service connection and business analytics. eServGlobal combines more than 30 years' experience, with an agile, future-focused mindset, to align with the requirements of customers and partners around the globe.

Together with Mastercard, eServGlobal is a joint venture partner of the HomeSend global payment hub, enabling cross-border transfer between bank accounts, cards, mobile wallets, or cash outlets from anywhere in the world.

For further information, please contact:

 
 eServGlobal                                  www.eservglobal.com 
 Tom Rowe, Company Secretary                  investors@eservglobal.com 
 finnCap Limited (Nomad and Broker)           www.finncap.com 
  Corporate Finance: Jonny Franklin-Adams /    T: +44 (0) 20 7220 
  Anthony Adams / Hannah Boros                 0500 
  ECM: Tim Redfern / Richard Chambers 
 Tulchan Communications LLP                   www.tulchangroup.com 
  Jonathan Sibun / Matt Low                    T: +44 (0)207 353 4200

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June 06, 2019 02:01 ET (06:01 GMT)

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