Paypoint appoints Rakesh Sharma to its Board as Non-Executive Director

– UK, Welwyn Garden City – PayPoint PLC (LSE:PAY), is pleased to announce the appointment of Rakesh Sharma to its board as a non-executive director with effect from 12 May 2017.

Rakesh is the Chief Executive of Ultra Electronics Holdings Plc. Rakesh has held several senior and management positions within Ultra and has managed businesses and divisions across the full range of its wide portfolio, with consistent success in driving growth in the Ultra group.

Following this appointment, Rakesh will succeed Neil Carson as chairman to the remuneration committee of the PayPoint board and will also be a member of the audit and nomination committees. In line with the directorate change announcement contained in the 2016 half year financial report, Neil will be stepping down as a non-executive director prior to the 2017 annual general meeting.

Nick Wiles, Chairman, said: “I would like to take this opportunity to thank Neil for his contribution as chairman of the remuneration committee during his time on the board. I would also like to welcome Rakesh. His appointment to the board strengthens its composition in terms of relevant experience, knowledge and skills and the board looks forward to working closely with him”

About Paypoint

We support market leading national networks across 39,000 convenience stores in the UK and Romania so that our customers are always close to a PayPoint store. In thousands of locations, as well as at home or on the move, people use us better to control their household finances, essential payments and in-store services, like parcels. Our UK network contains more branches than all banks, supermarkets and Post Offices together, putting us at the heart of communities for over 10 million regular weekly customers.

We have a proven track record of decades of tech-led innovation, providing retailers with tools that attract customers into their shops. Our industry-leading payments systems give first class service to the customers of over 1,500 clients – utility companies, retailers, transport firms and mobile phone providers, government and more.

We are on and offline; providing for payments by cash, card including contactless; retail, phone and digital; at home, work and whilst out and about from Land’s End to the highlands and islands – helping to keep modern life moving.

For more information : http://www.paypoint.com

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