• Board and executive management strengthened following the merger of alphyra and Cardpoint
• Successful €40m equity placing and restructured banking arrangements will allow investment in the business
• Operational issues with UK ATM business, principally related to cash-in-transit provider, have been largely resolved
• Cardpoint's operations in UK and Germany merged with the alphyra entities in those countries
• Strategy of focusing on profitable growth through investment in core activities
• Reporting for the first time under International Financial Reporting Standards

Peter Smyth, Chairman of Payzone, said: "Despite the difficult period for Payzone following the integration of the Cardpoint and alphyra businesses, we are pleased that the share placement and restructured banking arrangements have put the Company on a firm financial footing. The alphyra and Cardpoint businesses have operational synergies which are starting to bring value to the combined Payzone Group. We look forward to investing further in the core business to drive a profitable return for shareholders going forward."

Read the full statement here: