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News Centre Termination of Consultancy Arrangement with Former Director

  

 31 March 2016

 

 

MoneySwap Plc

("MoneySwap" or the "Company")

 

Termination of consultancy arrangement with former director

                                                                                                         

MoneySwap (AIM: SWAP), the provider of payment solutions to online and point of sale merchants licenced for UnionPay in the UK and the provider for UnionPay MoneyExpress service enabling overseas persons to send funds directly to UnionPay cardholders in China, announces that it has mutually agreed with Richard Proksa that he will cease to act as a consultant to the Company with immediate effect.  No payments were made or are due to Mr Proksa for any consultancy services provided since he ceased to act as a director for MoneySwap.

 

Kung Min Lin, former Chairman and Chief Executive of MoneySwap, will continue to be available to provide ad hoc consultancy services to the Company, although no formal consultancy arrangement has been entered into with Mr Lin at the present time.

 

- Ends-

 

For further information, please contact:

 

MoneySwap Plc

Allenby Capital Limited

MoneySwap Plc

Non-Executive Chairman

Nominated Adviser

Financial PR

Craig Niven

 

Nick Naylor

James Reeve

Fiona Fenn Smith

 

+44 7767 497400

+44 20 3328 5656

+44 7712 101922

 

About MoneySwap (www.moneyswap.com)

MoneySwap provides payment solutions and gateways to merchants which allow both online and point of sale transactions to be settled using UnionPay cards in the UK. In addition, UnionPay has licensed MoneySwap for its MoneyExpress service which enables overseas persons to send funds directly to UnionPay cardholders in China. The Company also offers an online peer to peer platform for currency exchange and payments. The Company's shares are traded on the London Stock Exchange's AIM market (AIM: SWAP). More information can be found at www.moneyswap.com.