MONI Monitise

TIDMMONI

RNS Number : 8652A

Monitise PLC

29 December 2014

Monitise plc

Issue of deferred consideration

LONDON - 29 December, 2014 - Monitise plc (LSE: MONI, "Monitise" or the "Company"), announces the following update regarding the payment of deferred consideration for the acquisition of the Markco Media businesses, originally announced on 26 June 2014.

Deferred consideration comprising 3,571,429 new ordinary shares of 1p each ("Ordinary Shares") in respect of retention payments has today been issued pursuant to the terms of the acquisition. This represents GBP0.9m based on the closing share price of 25.75p on 24 December 2014. The remaining retention payments, earn-out consideration and held back consideration will fall due in respect of the period to and including 30 June 2016, with total earn-out consideration dependent on performance against earn-out targets.

The new shares represent an increase of approximately 0.2% in the number of Monitise shares in issue. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares in the Company. Application has been made for the new Ordinary Shares to be admitted to trading on the AIM market of the London Stock Exchange ("Admission") and it is expected that Admission will become effective on 5 January 2015. Following Admission and based on the Company's current issued share capital, Monitise will have 2,135,721,292 Ordinary Shares in issue.

About Monitise

Monitise (LSE: MONI) is a world leader in Mobile Money - banking, paying and buying with a mobile device. Leading banks, payments companies, retailers and mobile networks use Monitise's technology platforms and services to securely connect people with their money.

More than 30 million consumers have registered for Monitise's patented technology to 'bank anywhere', 'pay anyone' and 'buy anything', accounting for $88bn of payments, purchases and transfers annually. Additionally, apps designed by the Group's Monitise Create and MEA divisions have been downloaded 30 million times. More information is available at www.monitise.com

Investor Relations

Andrew Griffin, Haya Herbert-Burns Tel: +44(0)203 657 0366

investorrelations@monitise.com

Media Relations

Gavin Haycock, Anna Howard Tel: +44(0)203 657 0373

press@monitise.com

Company Secretary

Tom Spurgeon Tel: +44(0)20 3657 0900

tom.spurgeon@monitise.com

Canaccord Genuity

Simon Bridges Tel: +44(0)20 7523 8000

Cameron Duncan

FTI Consulting Tel: +44(0)20 3727 1000

Charles Palmer

Rob Mindell

This information is provided by RNS

The company news service from the London Stock Exchange

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