5 Aug 2015 16:47
RNS Number:
Monitise PLC
5 August 2015
Monitise plc
Issue of earn-out consideration
LONDON - 5 August, 2015 - Monitise plc (LSE: MONI, "Monitise" or the "Company"), announces that 411,281 warrants relating to deferred consideration for the Grapple Mobile Ltd acquisition (now Monitise Create Ltd) have been exercised at an exercise price 1p. The Company has thus issued 411,281 Ordinary Shares today ("New Ordinary Shares"). As noted in the announcement on 7 July 2015, this represents the final payment related to the acquisition.
Application has been made for the New Ordinary Shares to be admitted to trading on the AIM market of the London Stock Exchange ("Admission") and it is expected that Admission will become effective on 11 August 2015. Following Admission, Monitise will have 2,200,289,912 Ordinary Shares in issue.
About Monitise
Monitise (LSE: MONI) is a world leader in Mobile Money - banking, paying and buying with a mobile device. Leading banks, payments companies, retailers and mobile networks use Monitise's technology platforms, products and services to securely connect people with their money. Monitise's digital agency designs and delivers high-engagement apps across multiple industry verticals.
More information is available at www.monitise.com. For views and insights from the Monitise team about the world of Mobile Money, visit www.monitise.com/insights.
Contacts:
Monitise Group Tel: 020 3657 0900
Tom Spurgeon, Company Secretary
Richard Johnson, Michelle Singleton, Investor Relations
Canaccord Genuity Limited Tel: 020 7523 8000
Simon Bridges
Emma Gabriel
Brunswick Tel: 020 7404 5959
Jonathan Glass
Jon Drage