Monitise PLC Monitise - Issue of deferred consideration (5759O)
29 Mayo 2015 - 1:00AM
UK Regulatory
TIDMMONI
RNS Number : 5759O
Monitise PLC
29 May 2015
Monitise plc
Issue of deferred consideration
LONDON - 29 May 2015 - Monitise plc (LSE: MONI, "Monitise" or
the "Company"), announces the following update regarding the
payment of deferred consideration relating to the acquisition of
Monitise Yazilim A.S. (formerly Pozitron Yazilim A.S.), announced
on 3 February 2014.
Deferred consideration comprising 7,998,496 new ordinary shares
of 1p each ("New Ordinary Shares") was issued on 28 May 2015
pursuant to the terms of the acquisition. This represents GBP1.0m
based on the closing share price of 13.0p on 28 May 2015. This
payment is the first of two potential deferred consideration
payments related to 2014 deferred consideration. The remaining
payments for future years, if triggered, would fall due in the
period to and including January 2017, with the total earn-out
consideration dependent on performance against earn-out
targets.
The New Ordinary Shares represent an increase of approximately
0.4% in the number of Monitise shares in issue and 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 2 June 2015.
Following Admission Monitise will have 2,163,564,604 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.
33 million consumers have registered for Monitise's patented
technology to 'bank anywhere', 'pay anyone' and 'buy anything',
accounting for $101bn of payments, purchases and transfers
annually. Additionally, Monitise-designed high-engagement apps
across multiple industry verticals and email subscribers to the
Monitise Content consumer business total more than 49 million. More
information is available at www.monitise.com. For views and
insights from the Monitise team about the world of Mobile Money,
visit www.monitise.com/insights.
Contacts:
Company Secretary Tel: 020 3657 0900
Tom Spurgeon
Investor Relations Tel: 020 3657 0900
Richard Johnson, Michelle Singleton, Investor Relations
Canaccord Genuity Limited Tel: 020 7523 8000
Simon Bridges
Cameron Duncan
Brunswick Tel: 020 7404 5959
Jonathan Glass
Jon Drage
This information is provided by RNS
The company news service from the London Stock Exchange
END
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