Bango Regulatory News (BGO)

1 Aug 2008 15:00



01 August 2008 

Bango plc

("Bango" or "the Company")

Directors Shareholding and Shares in Issue

Following the announcement on the 29 July 2008 of the conditional placing of 1,345,000 new Ordinary Shares at 33.5 pence each ( "Placing Price") (the "Placing Shares") the Placing Shares have today been admitted to trading on AIM. There are now 28,295,606 Ordinary Shares in issue.

As part of the Placing, Mr. Ray Anderson, CEO and co-founder of the Company, subscribed for 476,776 of the Placing Shares at the Placing price. Following the subscription, Mr. Anderson is interested in 6,424,036 Ordinary Shares, or 22.7% of the current issued share capital of the Company.

In additional, Mr. Anil Malhotra, VP Marketing and Alliances and co-founder of the Company, subscribed for 20,000 of the Placing Shares at the Placing Price. Following the subscription, Mr. Malhotra is interested in 4,027,000 Ordinary Shares, or 14.2% of the current issued share capital of the Company.

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About Bango 

Bango (AIM: BGO) has developed and operates the technology that enables content providers to quickly and easily market, sell and deliver their products and services directly to mobile phone users on all mobile networks using the mobile web. 

Businesses of all sizes, from individuals to global brands use Bango to engage with their existing and potential mobile customers directly - irrespective of mobile operator. 

For further information visit www.bango.com.