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Points International Ltd (2)
Symbol PTS
Shares Issued 14,427,987
Close 2018-06-20 C$ 21.43
Market Cap C$ 309,191,761
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Points Int'l appoints Adams as chairman of the board

2018-06-20 09:48 ET - News Release

Mr. Rob MacLean reports

POINTS INTERNATIONAL APPOINTS DAVID ADAMS AS CHAIRMAN OF THE BOARD OF DIRECTORS

Points International Ltd. has appointed David Adams as chairman of the board of directors, succeeding Bernay Box (who is stepping down from the board, effective June 25, 2018).

Mr. Adams was elected as a director for Points International in May, 2016, and currently serves as a member of the audit committee. Before he retired in March, 2016, Mr. Adams served as executive vice-president and chief financial officer of Aimia Inc., a global data-driven marketing and loyalty analytics company. Previously, Mr. Adams held a variety of executive finance positions at Photowatt Technologies Inc., SR Telecom Inc. and CAE Inc., and also held a number of positions with the Bank of Nova Scotia and Ernst & Young.

"As an experienced board member and executive, David brings a wealth of loyalty and data analytics expertise to lead our board of directors," said Rob MacLean, chief executive officer of Points International. "His extensive experience in the loyalty industry will provide valuable insight as we continue to drive growth and execute on our profitability initiatives across our three business segments."

Mr. Adams currently serves on the board of directors for Cardlytics Inc., a transaction-based marketing company, as well as Club Premier, AeroMexico's frequent flyer program. He is both a certified public accountant and chartered accountant, and received his bachelor of commerce and finance degree from the University of Toronto.

Mr. Adams commented: "Points has built a strong loyalty rewards platform that is unmatched in the industry. Following a record first quarter, we plan to carry our momentum through 2018 and look to generate another record year of gross profit and adjusted EBITDA (earnings before interest, taxes, depreciation and amortization). I look forward to leading the board as Points continues to expand its platform partners and points travel segments, while driving robust growth in its core loyalty currency retailing segment."

Points International is evaluating candidates for a vacant board seat and intends to appoint a new director later this year.

Mr. MacLean continued: "I would like to thank Bernay for his many years of service and dedication to Points. He has been an exceptional chairman since his appointment in 2009, and his guidance was instrumental in navigating the peaks and valleys of our business for nearly a decade. We wish him the best in his future endeavours."

Mr. Box commented: "Given the company's strong momentum and record results over the last 18 months, I believe Points is well positioned for sustainable, profitable growth going forward. As such, I believe it is the right time for me to return to my typical role as an investor and look forward to continuing my relationship with Points from the outside as a shareholder."

About Points International Ltd.

Points provides loyalty e-commerce and technology solutions to the world's top brands to power innovative services that drive increased loyalty program revenue and member engagement.

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