11th Dec 2012 18:16
11 December 2012
Monitise plc
("Monitise" or the "Company")
Additional Listing
Further to the Company's announcement on 3 December 2012, in which it announced the acquisition of shares in Mobile Money Network Limited ("MMN"), the Company has made application for 55,678,699 ordinary shares of 1p each ("Ordinary Shares") to be admitted to trading on AIM ("Admission"). The new Ordinary Shares will rank pari passu with the existing Ordinary Shares in the Company and it is expected that dealings in these new Ordinary Shares will commence on 14 December 2012.
Following Admission, Monitise is expected to have 1,321,628,982 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 FSA's Disclosure and Transparency Rules.
On 3 December 2012, the Company announced the acquisition of Best Buy Europe Distributions Limited's and Freston Road Ventures LLP's shareholdings in MMN which gave Monitise 100 per cent. of the voting shares in the capital of the Mobile Money Network Limited ("MMN"), for an all share consideration of £15 million. Since that date, the Company has also acquired all of the remaining issued share capital of MMN which did not carry voting rights, for an all share consideration of £1.7 million. The above number of 55,678,699 Ordinary Shares is the total consideration for all of the issued and outstanding shares of MMN, which Monitise did not already own.
Contacts:
Monitise Group Tel: 020 7657 0900
Tom Spurgeon, Company Secretary
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
About Monitise
Monitise plc (LSE: MONI) is a leading technology and services company that delivers mobile banking, payments, and commerce networks worldwide. Monitise enables financial institutions and other payments companies to defend and extend their market position by protecting their existing customer relationships and transactions while enabling new forms of mobile commerce revenue.
Monitise powers bank-grade solutions that are delivered on premise, or via cloud services. The value of payments and transfers initiated via Monitise's technology platform is more than US$25bn on an annualised basis. Monitise has a global reach and unique set of partners and clients using its completely adaptable platform. More information is available at www.monitise.com.
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