# Mi-Pay Group plc Contract Extension and Notice of Results

- Link: https://www.directorstalkinterviews.com/mi-pay-group-plc-contract-extension-and-notice-of-results/412767687
- Published: 2019-02-21T07:05:41+00:00
- Author: Giles Arbor

**Mi-Pay Group plc** (LON: MPAY), the leading provider of outsourced digital transformation
and mobile payment solutions, has today announced an extension to a client contract
and notify the date of its annual results announcement for the year ended 31 December
2018.

**Contract Extension**

Mi-Pay is pleased to announce that it has today agreed a contract extension with
a long-term existing client for an incremental five-year period, effective from 
1 January 2019. This client represented approximately 12% of annual revenue in 2018(
approximately £0.4m), a growth of 33% over 2017. The contract extension is on broadly
similar terms to the previous contract with the Client. The Board of Mi-Pay expects
to deliver continued growth within this Client account as its customers naturally
migrate to digital payment channels and as the Client targets wider European growth.

The Client is the first Mi-Pay Group customer to successfully adopt Apple Pay as
an alternative payment method. Mi-Pay will additionally deliver wider European alternative
payment methods of Sofort, Giropay and iDeal to support the Clients’ European growth
aspirations. These payment solutions are expected to enhance Mi-Pay’s appeal across
the European market.

Michael Dickerson, Chairman of Mi-Pay Group plc commented: “We are delighted to 
have secured the extended terms with our valued client and look forward to working
with them to drive wider European growth. The additional ability to demonstrate 
alternative payments is increasingly important for our long term growth as we look
to broaden our service offerings.”

**Notice of results**

The Company’s full year results for the year ended 31 December 2018 will be announced
on Wednesday 24 April 2019.

Management will be hosting a presentation for analysts on the day of results. For
more information contact Florence.chandler@investor-focus.co.uk.

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