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Additional Listing

14th Mar 2014 09:00

RNS Number : 2826C
Monitise PLC
14 March 2014
 

14 March 2014

 

Monitise plc

 

("Monitise" or the "Company")

Additional Listing

 

On 3 December 2012, Monitise announced that it had entered into a legally-binding agreement to acquire the entire issued share capital of mobile payments acceptance business eMerit Solutions Limited ("eMerit"). In respect of the final deferred consideration for the acquisition, the Company has issued 656,168 new ordinary shares of 1p each ("Ordinary Shares").

 

Application has been made for the new Ordinary Shares to be admitted to trading on AIM and it is expected that admission will become effective on 17 March 2014 ("Admission"). The new Ordinary Shares will rank pari passu with the existing Ordinary Shares.

 

Following Admission, it is expected that Monitise will have 1,681,622,372 Ordinary Shares in issue. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

 

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 utilise Monitise's technology platforms and services to securely connect people with their

money.

 

Already 28 million consumers benefit from Monitise's patented technology to 'bank anywhere', 'pay anyone' and 'buy anything', accounting for $71bn of payments, purchases and transfers annually. More information is available at www.monitise.com 

 

 

ENQUIRIES:

 

Monitise Group Tel: 020 3657 0900

 

Tom Spurgeon, Company Secretary

Andrew Griffin/Haya Herbert-Burns, Investor Relations

Canaccord Genuity Limited Tel: 020 7523 8000

 

Simon Bridges

Cameron Duncan

 

FTI Consulting Tel: 020 7831 3113

 

Charles Palmer

Jon Snowball

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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