Optimal Payments Plc - Board Appointment

LONDON, MONTREAL and NEW YORK, March 14, 2014 /CNW/ - Optimal Payments Plc (AIM: OPAY) ("Optimal Payments" or the "Company"), a leading global online payment provider, is pleased to announce the appointment of Mr Brahm Marvin Gelfand as a Non-Executive Director to the Board of Directors (the "Board") with immediate effect.

Brahm Gelfand, aged 77, has been an attorney at Lapointe Rosenstein Marchand Melançon L.L.P. since 1975 and has been engaged in the practice of law for close to 50 years. Brahm brings a wealth of experience to the Board, and has a background in M&A, finance and securities law acting for public and private companies in Canada, the United States and elsewhere.

Mr. Gelfand is also currently a director of 360 VOX Corporation and Tefron Ltd which are publicly listed. He is a member of the American Bar Association, Canadian Bar Association and Quebec Bar Association. 

Mr Gelfand is also a director of several private companies which are Dundee Sustainable Technologies Inc, 89737 Canada Lteé, Recherches Devatech Inc, Les Ressources Malmaison Inc., IFP Technologies Inc., Tecnica Group Canada Inc., Tecnica Group USA Inc., Volt Canada Inc. and Volt Consulting MSP Canada Ltd.  He was formerly a director of Stedfast Inc.

Jonathan Comerford, Interim Chairman said "The Board and I are very pleased that Brahm is joining the Optimal Payments Board as a Non-Executive Director.  With the substantial breadth and depth of his experience, Brahm will be a strong contributor to the Board."

Save as disclosed above and detailed below, there are no other details to be disclosed regarding Mr Gelfand's appointment as required under paragraph (g) of Schedule 2 of the AIM Rules.

About Optimal Payments

Optimal Payments is a global provider of online payment solutions. Trusted by businesses and consumers in over 200 countries to move and manage billions of dollars each year, merchants use the NETBANX® processing service to simplify how they accept and settle credit card, direct-from-bank, and cash payments; and the NETELLER® payment account to increase margins, capture new customers and increase their lifetime value. Being an independent provider has allowed the company to support tens-of-thousands of merchants around the globe across a wide range of industries.  Optimal Payments Plc is quoted on the London Stock Exchange's AIM market, with a ticker symbol of OPAY. Subsidiary company Optimal Payments Ltd is authorised and regulated as an e-money issuer by the UK's Financial Conduct Authority (FRN 900015). For more information on Optimal Payments visit www.optimalpayments.com or subscribe at www.optimalpayments.com/feed or follow us on Twitter @optimalpayments.

This information is provided by RNS
The company news service from the London Stock Exchange

SOURCE: Optimal Payments Plc.

Optimal Payments, Jessica Stalley, Head of Investor Relations, + 44 (0) 207 182 1707, [email protected]; Canaccord Genuity Limited, Simon Bridges, Cameron Duncan, + 44 (0) 207 523 8000; Zenergy Communications (Media contact, Canada), Erin Cudmore, [phone], [email protected]; Feintuch Communications (Media contact, USA), Richard Anderson/Emily Simmons, [phone] / [phone], [email protected]; Citigate Dewe Rogerson (Media contact, UK), Caroline Merrell / Shelly Chadda / Georgia Colkin, + 44 (0) 207 638 9571 / [phone], [email protected]