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- Release Date: 04/03/13 14:54
- Summary: DIRECTOR: SPY: SmartPay announces Board changes
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SPY
04/03/2013 12:54
DIRECTOR
REL: 1254 HRS Smartpay Holdings Limited
DIRECTOR: SPY: SmartPay announces Board changes
AUCKLAND, 4 March 2013- SmartPay (NZX: SPY), a leading provider of payments
and transactional solutions in New Zealand and Australia, today announced two
changes to its Board.
o John Nimmo will retire as Director effective 31 March 2013.
After working as a consultant to Smartpay from July 2009 and subsequently
being appointed a Director in December 2010, John will step down effective 31
March 2013.
During his time with the Company, SmartPay underwent a significant
transformation including the appointment of new management, the
recapitalisation of the business and the completion of the Viaduct
acquisition. With this transformation now complete and with the ASX listing
in progress John will step down as a Director at the end of the financial
year to enable new Board appoints to be made. John will act as a Consultant
to Smartpay to support the end of year accounting and audit process through
to audit completion.
Chairman of SmartPay, Ivan Hammerschlag, said "We thank John for his
commitment and contribution to SmartPay during his time with the Company. We
are grateful for his continued support and wish him well in his future
endeavours."
o Matthew Turnbull will be appointed as Director effective 1 April 2013.
Matthew Turnbull is a Chartered Accountant and is a member of the New Zealand
Institute of Chartered Accountants. He commenced his career with a big four
accounting firm and has over 20 years experience providing accounting and
corporate advisory services to a wide range of clients.
Matthew has a detailed understanding of SmartPay's business having assisted
in the company's recent recapitalisation and restructure and the recent
acquisition of Viaduct Limited. Matthew will Chair the Audit and Finance
Committee and brings to SmartPay strong accounting and financial skills and
experience. The board has determined that Matthew is an independent director
for the purposes of the listing rules.
Mr Hammerschlag added "We are extremely pleased to welcome Matthew onto the
Board. We believe his skills and experience will add significant value to
SmartPay as we continue to execute our growth strategy".
ENDS
For further information contact:
Ivan Hammerschlag, Chairman, SmartPay, + 61 417 44 29 29
About SmartPay Holdings Limited
SmartPay is a leading provider of innovative merchant payment solutions.
SmartPay's products include:
1. The provision of EFTPOS terminals and related payments services.
2. Transactional processing services, including for the taxi industry;
Prepayment products; Bill payment solutions and Online Payments.
3. Audio and video, music, messaging and media via its Retail Radio product
set.
For more information visit - www.smartpayltd.com
End CA:00233726 For:SPY Type:DIRECTOR Time:2013-03-04 12:54:16
