28th Jun 2007 08:05
Monitise PLC28 June 2007 28 June 2007 THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT IS RESTRICTED AND NOT FORPUBLICATION, DISTRIBUTION OR RELEASE IN AUSTRALIA, CANADA, JAPAN, OR THE UNITED STATES OF AMERICA Monitise plc First Day Of Dealings On AIM Monitise plc ("Monitise" or the "Group"), is pleased to announce the admissionto AIM and commencement of dealings in 156,914,267 ordinary shares of 1 pennyeach under the ticker MONI.L at 8.00am today. Monitise, which was founded in 2003, provides the "switch" infrastructure andsoftware to carry out personal banking transactions and enquiries securely onmobile phones. This is delivered through an ecosystem model which allowsmultiple banks to deliver mobile banking services to their customers over acommon trusted platform and interface. It currently has live operations in theUK, in partnership with LINK Interchange Network, and an agreement withMetavante in the United States to deliver a similar mobile banking ecosystem inthat market. Prior to the demerger Monitise was a subsidiary of Morse plc.Monitise has been demerged from Morse plc by way of a dividend in specie. Monitise has raised £21.4 million through a placing at 22 pence per share tocertain institutional and other investors. The 97,088,481 ordinary shares issuedby Monitise pursuant to the placing are expected to be admitted to AIM andcommence dealings on 29 June 2007 at 8.00am. Commenting on today's announcement, Alastair Lukies, CEO of Monitise plc, said: "The announcement today demonstrates the progress we have made over the pastfour years. Working with our partners, including LINK Interchange Network,Metavante and many of the world's leading financial institutions and mobilenetwork operators, Monitise has created the first industry platform for thedelivery of mobile banking and payment services to the mass market. Ourrepresentation within Europe, Asia Pacific and North America, accompanied by the£21.4 million of working capital we have raised during this transaction, putsMonitise in a strong position for future growth in this exciting market." Contacts: Monitise Group Tel: 020 7868 5200Duncan McIntyre, Executive ChairmanAlastair Lukies, CEOBen Evetts, Head of Communications Investec Tel: 020 7597 4000Patrick RobbAndrew Pinder Financial Dynamics Tel: 020 7831 3113Harriet KeenHaya Chelhot Notes to Editors About Monitise Monitise plc (MONI.L) is a specialist in mobile banking technology. It hasdeveloped the world's first mobile banking ecosystem, which allows consumers toperform banking and payment transactions using a single consistent interfaceregardless of their choice of mobile operator or bank. With live services in the UK, where it has delivered the MONILINK network inpartnership with LINK Interchange Network, the company is currently working withinternational partners to deliver similar safe, secure mobile banking servicesin territories worldwide. Current partners include LINK Interchange Network,Metavante, Sun Microsystems, BT Global Services, HSBC, first direct, Alliance &Leicester, Royal Bank of Scotland, NatWest, Vodafone, Orange, O2, T-Mobile andHutchison 3G. Monitise was recognised as a "Technology Pioneer" by the World Economic Forum in2006, "Mobile Innovation of the Year" by The Banker Magazine in 2007 and awardedthe "Innovation in Messaging" award 2007 by the Mobile Messaging Association. Ends Investec Investment Banking, a division of Investec Bank (UK) Limited which isauthorised and regulated by the Financial Services Authority, is acting forMonitise plc in connection with the admission of the Company to trading on AIM,a market operated by the London Stock Exchange plc and is not acting for anyperson other than Monitise plc and will not be responsible to any other personthan Monitise plc for providing the protections afforded to its customers or forproviding advice to any other person in connection with the proposed admissionto trading. Some of the information in this announcement may contain projections or otherforward-looking statements regarding future events or the future financialperformance of Monitise plc. You can identify forward-looking statements byterms such as "expect," "believe," "anticipate," "estimate," "intend," "will," "could," "may" or "might" the negative of such terms or other similarexpressions. These statements are only predictions and actual events or resultsmay differ materially. We do not intend to or undertake any obligation to updatethese statements to reflect events and circumstances occurring after the datehereof or to reflect the occurrence of unanticipated events. Many factors couldcause the actual results to differ materially from those contained in ourprojections or forward-looking statements, including, among others, generaleconomic conditions, our competitive environment and market change in ourindustries, and other factors specifically related to Monitise plc and itsoperations. This document does not constitute or form part of any offer or invitation tosell or issue, or any solicitation of any offer to purchase or subscribe for,any shares or other securities, nor shall any part of it nor the fact of itsdistribution form part of or be relied on in connection with any contract orinvestment decision relating thereto, nor does it constitute a recommendationregarding any securities referred to herein. This announcement is not for distribution, directly or indirectly, in or intothe United States (including its territories and dependencies, any State of theUnited States and the District of Columbia), Australia, Canada or Japan. Thisannouncement is not an offer for sale of any securities in the United States orin any other jurisdiction. Securities may not be offered or sold in the UnitedStates absent registration or an exemption from registration under the U.S.Securities Act of 1933. Morse plc has not registered and does not intend toregister any portion of any offering of securities in the United States or toconduct a public offering of any securities in the United States. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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