TIDMSCH

RNS Number : 7571Q

SafeCharge International Group Ltd

02 December 2016

SafeCharge International Group Limited

('SafeCharge,' the 'Company' or the 'Group')

Trading Statement and Strategic Update

SafeCharge (AIM:SCH), the global provider of payments services, technologies and risk management solutions for online and mobile businesses, provides the following update.

Trading update

Trading ahead of the 2016 year end remains strong, as a result the Group's financial performance for the full year is expected to be in line with market expectations.

Strategic update

The Company is making considerable progress in its strategy to win Tier 1 customers within both traditional verticals and in new target verticals and markets:

 
 --   Traditional verticals: the Group is now benefiting 
       from increasing high quality revenues following 
       recent Tier 1 client wins including PaddyPower 
       Betfair, Sun Bingo and Sisal. 
 --   New verticals: in retail, the Group is now 
       processing and acquiring European card transactions 
       for Nayax, a leading solutions provider for 
       the unattended machine industry, including 
       vending machines, with over 100,000 terminals 
       worldwide. In Travel / Airlines, the rollout 
       into global territories for ELAL remains on 
       track. 
 --   New markets: SafeCharge is now processing for 
       customers in new European markets including 
       Italy, Romania, Portugal and Poland. 
 --   SafeCharge acquiring: continues to perform 
       strongly and enjoy significant volume growth 
 --   Corporate development: the Group has recently 
       strengthened its Board and has also established 
       a new office in Singapore, incorporating a 
       local subsidiary and recruiting local management.

Outlook

The Group will enter 2017 having expanded its Tier 1 customer base, with customers in new sectors, including travel; retail and unattended point of sale, new markets and with a strong pipeline which provides confidence for 2017 and beyond.

- Ends -

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

Enquiries

 
 SafeCharge International 
  Group Limited 
  Tim Mickley 
  David Avgi 
  c/o Bell Pottinger         +44 (0) 20 3772 2500 
 Shore Capital 
  Dru Danford 
  Mark Percy 
  Toby Gibbs                 +44 (0) 20 7408 4090 
 Bell Pottinger 
  David Rydell 
  Olly Scott 
  James Newman 
  Anna Legge                 +44 (0) 20 3772 2500

About SafeCharge

SafeCharge International Group Limited is a global provider of payments services, technologies and risk management solutions for online and mobile businesses. The SafeCharge group has a diversified, blue chip client base and is a trusted payment partner for customers from various e-commerce verticals. SafeCharge has been Payment Card Industry Data Security Standard ("PCI-DSS") Level 1 certified since 2007 and is listed on the London Stock Exchange AIM market (LSE: SCH). The Company's wholly owned subsidiary, SafeCharge Limited, is an authorized Electronic Money Institution regulated by the Central Bank of Cyprus and a principal member of MasterCard Europe and VISA Europe. The SafeCharge group has operations in the UK, Cyprus, Bulgaria, Israel, Germany, Austria and Ireland.

http://www.safecharge.com/

This information is provided by RNS

The company news service from the London Stock Exchange

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(END) Dow Jones Newswires

December 02, 2016 02:01 ET (07:01 GMT)

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