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Payzone Group plc, the leading European consumer payments and cash distribution network, has successfully completed a share placement raising €40 million. The money raised will be invested in the future growth of the Payzone group.
The success of the fund raising follows a series of significant new business wins achieved by Payzone in the United Kingdom. Since January 2008 Payzone UK has been selected to provide services to the following UK companies: 3R, Nisa, Netto, Arriva, United Utilities, Anglian Water, Horticultural Trades Association, Musgrave Retail Partners, Western Union, Passion for Perfume, Rhythm & Blues, Wine Cellar and it has also signed a strategic partnership with Blackhawk Network, a market leader in prepaid financial solutions and the largest provider of third party gift cards in North America. Paul Charmatz, Managing Director of Payzone UK commented: "The UK team’s hard work and dedication is reflected in the significant new uptake of Payzone’s services in 2008. The successful fund raising by Payzone plc is good news and I am extremely confident that Payzone UK will continue to win new business and provide a first class service, at competitive rates to all its retailers and partner companies." 17th June 2008 Enquiries: Payzone UK 01606 338 361 Paul Charmatz Temple Bar Advisory 0207 002 1080 Tom Allison |
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