6th Dec 2012 16:34
6 December 2012
Monitise plc
("Monitise" or the "Company")
Additional Listings
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") for an initial consideration of £1.5m with up to £1m payable in addition by way of earn-out, in an all-share deal.
In respect of the initial consideration for the acquisition of eMerit, the Company has issued 4,724,409 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 take place at 8.00 a.m. on 11 December 2012. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares.
Further to the Company's announcements on 25 June 2012 and 26 June 2012, regarding anticipated additional listings and completion of the acquisition of Clairmail Inc., the Company announces that it has made application for 32,171 Ordinary Shares to be admitted to trading on AIM. 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 12 December 2012.
As previously announced on 25 June 2012, under the terms of the Agreement Clairmail shareholders are obliged to return signed letters of transmittal to Monitise before they can receive their consideration shares. The admission of these 32,171 Ordinary Shares follows the receipt of a number of letters of transmittal since the completion of the acquisition of Clairmail Inc.. A further amount of up to 1,053,151 Ordinary Shares is expected to be issued and admitted to trading over the course of the coming weeks as the remaining letters of transmittal are received from Clairmail shareholders.
In addition, under the Company's existing block listing, 667,399 Ordinary Shares have been issued and allotted since the last notification of total voting rights in issue.
Following the admission of the Ordinary Shares in respect of the consideration in relation to the eMerit and Clairmail acquisitions, respectively, and the issue of the Ordinary Shares under the block listing, Monitise will have 1,265,950,283 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.
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
For further information
Monitise Group | Tel: +44 (0) 203 657 0900 |
Tom Spurgeon, Company Secretary |
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Haya Herbert-Burns, Investor Relations |
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Canaccord Genuity Limited | Tel: +44(0)20 7523 8000 |
Simon Bridges |
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Cameron Duncan |
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FTI Consulting | Tel: +44(0)20 7831 3113 |
Charles Palmer |
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Jon Snowball |
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