Monitise Regulatory News (MONI)

29 March 2016

Monitise announces appointment of Gavin James as Chief Operating Officer

Monitise (LSE: MONI) ("Monitise" or the "Company") is pleased to announce the appointment of Gavin James as Chief Operating Officer (COO). As COO, Gavin will also assume responsibilities for the finance function and the role of CFO.

Gavin is a Chartered Accountant who has significant previous Board experience having held CFO, COO and CEO positions at both listed and private companies including Vertex Group, iSoft plc, Morse plc, Menvier Swain Group plc.

Gavin has been supporting Monitise for the past five months in the role of advisor and latterly in a finance function capacity. Whilst Gavin will devote sufficient time to the role of COO, he will continue to undertake work for Vertex Group where he is currently Chief Executive and will be appointed to the Monitise Board before 30 June 2016. A further announcement will be made in due course once Gavin's appointment to the Board has taken effect.

Lee Cameron, Monitise plc Chief Executive, said: "I am delighted that Gavin is formally joining Monitise as Chief Operating Officer. Gavin has supported the Company over the past five months and brings a wealth of experience to the role. His continued support and oversight of all operational and financial matters ensures that my time is focused on business development opportunities and execution of our strategy."

Gavin Keith James, aged 53, holds 863,292 ordinary shares in Monitise, representing 0.04% of the issued share capital of the Company. Save, as set out below, there are no further disclosures required pursuant to Schedule 2, paragraph (g) of the AIM Rules for Companies in respect of the appointment.

Gavin holds or has held the following directorships within the last 5 years:

Current

· Vertex Group Limited

· VTX Holdings Limited

· VTX Subco Limited

· Vertex Customer Management Limited

· Vertex Data Science Limited 

· Enlogix Inc

· Orcom Solutions LLC

· Vertex Business Services Holdings LLC

· Vertex Business Services LLC

· Vertex Canada Holdings Limited

· Vertex Canada Holdings II Limited

· Vertex Customer Management (Canada) Limtied

· Vertex Data Utility Services LLC

· Vertex US Holdings Inc

Previous

· Capita Mortgage Administration Limited

· Capita Mortgage Software Solutions Limited

· Jessop Fund Managers Limited

· Serco Public Services Limited

· Marlborough Stirling Canada Limited

Liquidations (where Gavin James was a director at the time of or within the twelve months preceding such events)

· Otter Risk Solutions Limited - Creditors Voluntary Liquidation (appointment of a voluntary liquidator on 15 March 2016)

· Vertex Administration Limited - Creditors Voluntary Liquidation (appointment of a voluntary liquidator on 15 March 2016)

· Vertex Financial Services Holdings Limited - Creditors Voluntary Liquidation (appointment of a voluntary liquidator on 15 March 2016)

· Vertex India Limited - Members Voluntary Liquidation (appointment of a voluntary liquidator on 15 March 2016, and declaration of solvency on 15 Mar 2016)

· Exchange FS International Holdings Limited - Members Voluntary Liquidation (appointment of a voluntary liquidator on 15 March 2016, and declaration of solvency on 15 Mar 2016)

Dissolutions (where Gavin James was a director at the time of or within the twelve months preceding such events)

· Ecompass Limited - dissolved via voluntary strike-off on 8 March 2011

· Ingleby (1045) Limited - dissolved via voluntary strike-off on 8 March 2011

· Crisp Computing Limited - dissolved via voluntary strike-off on 8 March 2011

· The Exchange Holdings Limited - dissolved via voluntary strike-off on 8 March 2011

· J M Deane 1999 Settlement Trustees Limited - dissolved via voluntary strike-off on 29 November 2011

· First Revenue Assurance UK Limited - dissolved via voluntary strike-off on 18 June 2013

· Independent Specialist Technology (UK) EBT Trustee Limited - dissolved via voluntary strike-off on 18 June 2013

· Vertex Dormant One Limited - dissolved via voluntary strike-off on 18 June 2013

· Vertex Limited - dissolved via voluntary strike-off on 18 March 2014

· FS Connexions UK Limited - dissolved via voluntary strike-off on 20 May 2014

· Vertex Life And Pensions Limited - dissolved via voluntary strike-off on 22 July 2014

· IEI Financial Services - dissolved on 31 March 2010

· Marlborough Stirling (South Africa) (Proprietary) Limited - dissolved on 12 August 2013

· Vertex Customer Services India Private - dissolved on 26 March 2014

· Vertex Customer Solutions India Private - dissolved on 26 March 2015

· Exchange FS International AG - dissolved on 6 November 2015

· MultiF 2010 Inc - dissolved on 9 March 2016

About Monitise

Monitise plc (LSE: MONI) is a leader in enabling accelerated digital innovation within industries where security, compliance and scalability are mandated. Our platforms, toolkits, products and ideas draw upon over a decade of experience of building and operating world class digital banking, and support all stages of a digital solution from strategy to concept design, development and operations. Find out more at www.monitise.com.

For further information

Monitise plc Tel: +44(0)203 657 0900

Lee Cameron, Chief Executive Officer

Canaccord Genuity Limited (NOMAD) Tel: +44(0)20 7523 8000

Simon Bridges, Cameron Duncan, Emma Gabriel

Brunswick

Jonathan Glass, Jon Drage Tel: +44(0)20 7404 5959