CAB Payments Announces CFO Departure and Interim Appointment

CAB Payments Holdings Limited ( (GB:CABP) ) just unveiled an announcement.

CAB Payments Holdings plc announced the resignation of Richard Hallett as Chief Financial Officer and Executive Director, effective immediately. Hallett, credited with transitioning the company from private to public ownership, leaves after nine years, with Matthew Talty temporarily stepping in until a permanent replacement is found. The company plans to disclose details of Hallett’s exit agreement in its 2024 Annual Report. CAB Payments underlines its ongoing commitment to delivering results and maintaining its market position, with plans to release its 2024 results on 13 March 2025. The leadership change is expected to have implications for the company’s future operations and stakeholder relations, given Hallett’s significant contributions to the company.

More about CAB Payments Holdings Limited

CAB Payments Holdings plc is the holding company for Crown Agents Bank, a UK-regulated institution specializing in foreign exchange and cross-border payments for hard-to-reach markets. The bank is recognized for its robust network and expertise, facilitating money movement in complex financial markets globally. Trusted by public, private, and development sector institutions, Crown Agents Bank offers access to over 100 currencies and 700+ currency pairs, providing fast, transparent, and efficient transactions through multiple solutions, including digital platforms. Notably, Crown Agents Bank has achieved B Corporation™ status and has been awarded the Gold Sustainability Rating by EcoVadis for three consecutive years.

YTD Price Performance: -8.15%

Average Trading Volume: 622,195

Technical Sentiment Consensus Rating: Hold

Current Market Cap: £160.4M

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