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News Centre Directorate Change

MoneySwap Plc

("MoneySwap" or the "Group")
1 August 2013
 
Directorate Change
 
MoneySwap Plc (AIM: SWAP), a merchant acquirer and payment solutions provider, is pleased to announce the appointment of Mr. Craig Niven to the Board as Non-Executive Director with immediate effect.
 
Craig Niven MA (Cantab) ACA has experience at a senior level in both public and private companies across a range of industry sectors including investment management, natural resources, international banking and media.  He is currently a director of AIM quoted Power Capital Global Limited and, until 1995, he was a Director and head of corporate finance at ANZ Grindlays Bank plc. Following this he left to act as co-founder and Chairman of AIM quoted Griffin Mining Limited and was subsequently CEO of AIM quoted Arlington Group plc. He has been active in The People’s Republic of China since 1995 and is currently CEO of China focussed Palace House Turf Club.
 
Kung Min Lin Chairman of the MoneySwap PLC board, said:
 
“I am delighted to welcome Craig onto the Board.  His experience of cross border activity, particularly involving China, of the financial services industry and of growing small public companies will be highly valuable as we look to expand the MoneySwap business.”
 
Regulatory disclosures
 
Craig Lees Baxter Niven, aged 56, is or has been a director or partner of the following entities within the past five years:
 

Current Directorships and
Partnerships held
 
Directorships and Partnerships held in the previous 5 years
 
Zetachoice Limited
Seachoice Limited
Colne Bar Properties Limited
Seachoice (Scandinavia) Limited
Palace House Racing Limited
CN Brookes and Co Limited
Palace House Turf Club (UK) Limited
Seachoice Trustees Limited
Power Capital Global Limited
Sportswinbet (CI) Limited
 
Arlington Group Asset Management Limited
Longships Plc
Arlington Group Management Services Limited
Felix Resources Plc
Anler Plc (previously Renal Services Holdings plc)
CN Cannon and Co Limited
Arlington Group Plc
Erival Sp zoo
Erival Holdings Sarl
Madagascar Oil Limited
MOL Holdings Limited
Sportswinbet (Admin) Limited

AF Securities Limited, a company of which Craig Niven was formerly a director, was placed into administration in June 2003, within 12 months of Mr Niven ceasing to be a director.
 
MPC Sentinel Limited, a company of which Craig Niven was formerly a director, was placed into administration in September 2003, within 12 months of Mr Niven ceasing to be a director.
 
Craig Niven does not have an interest in the Company‘s issued share capital.
 
There is no further information required to be disclosed in respect of the above appointment pursuant to Schedule 2(g) of the AIM Rules for Companies.
  
- Ends-
 
For further information, please contact:
 

MoneySwap Plc
Allenby Capital Limited
St Brides Media and Finance Ltd
 
Nominated Adviser
Financial PR
Richard Proksa
Chief Executive Officer
Nick Naylor
Alex Price 
James Reeve
Frank Buhagiar
Susie Geliher
 
+852 3919 9888  
+44 20 3328 5656
+44 20 7236 1177

 
About MoneySwap (www.moneyswap.com)
MoneySwap is a merchant acquirer providing payment gateways for both online and point of sale merchants for the United Kingdom.  In addition, MoneySwap enables people abroad to remit funds directly to recipients in China.  The Group also offers prepaid card services working with partners such as Corner Bank, Switzerland and Visa.