TIDMPAYZ 
 
RNS Number : 6505E 
Payzone plc 
23 December 2009 
 

23 December 2009 
 
 
 
 
Payzone plc ("Payzone" or the "Company") 
Disposal of EFT terminal business in The Netherlands 
 
 
The Board of Payzone is pleased to announce that the Company has reached an 
agreement to sell its 
Electronic Funds Transfer ("EFT") payment solutions and 
terminals business in The Netherlands. The business has been sold to FIBAD B.V., 
a provider of payment solutions. 
 
 
Following this transaction, the Company will no longer have an operational 
presence in The Netherlands. 
 
 
The cash consideration receivable by Payzone for the business being sold is 
EUR5.7m. In addition, the transaction will result in the release of deposits and 
financial guarantees totalling 1.0m, provided as security for the business bank 
overdraft facilities. 
 
 
Completion is expected to take place later today. Payzone will use the proceeds 
raised by the disposals to reduce debt and / or for reinvestment in the 
business. 
 
 
The total net assets of the Payzone Dutch EFT terminals business were valued at 
negative EUR0.31m as at 30 November 2009 and the business contributed EUR0.51m 
loss (before exceptional items) to Payzone's pre-tax profits for the full year 
to 30 September 2009. 
 
 
Mike Maloney, Chief Executive, said: 
 
 
"This is a very pleasing result for Payzone as it provides an exit from non-core 
businesses and also reduces the Company's debt. By completing this 
disposal, management can concentrate resources on Payzone's key business. 
Following the disposal of the Italian, Spanish and French operations in 2008 and 
the PPC top-up operations in Germany, Poland and The Netherlands in Sept 2009, 
this disposal continues our strategy of exiting non-core markets and 
concentrating on those that offer significant scale and growth for our 
services." 
 
 
 
 
Enquiries 
Payzone    Tel: +353 1 207 6600 
Mike Maloney / Nigel Bell 
 
 
Panmure Gordon     Tel: +44 20 7459 3600 
Nominated Adviser and Broker to Payzone 
Hugh Morgan / Stuart Gledhill 
 
 
Powerscourt    Tel: +44 20 7250 1446 
Payzone Media Enquiries 
Paul Durman / Rory Godson 
 
 
Note 
 
 
1. The sources of financial data are the management accounts for the Dutch EFT 
terminals business, due to this business not operating as a standalone entity 
during the relevant period. 
 
 
 
 
 
 
Responsibility 
 
 
The Directors of Payzone accept responsibility for the information contained in 
this announcement.  To the best knowledge and belief of the directors of 
Payzone (who have taken all reasonable care to ensure that such is the case), 
the information contained in this announcement is in accordance with the facts 
and does not omit anything likely to affect the import of such information. 
 
 
Panmure Gordon, which is authorised and regulated by the Financial Services 
Authority, is acting exclusively for Payzone and no-one else and will not be 
responsible to anyone other than Payzone for providing the protections afforded 
to their respective clients, or for giving advice in relation to any matter 
referred to in this press announcement. 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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