29 Dec 2014 17:18

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Monitise plc
Issue of deferred consideration
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LONDON - 29 December, 2014 - Monitise plc (LSE: MONI, "Monitise" or the "Company"), announces the following update regarding the payment of deferred consideration for the acquisition of the Markco Media businesses, originally announced on 26 June 2014.
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Deferred consideration comprising 3,571,429 new ordinary shares of 1p each ("Ordinary Shares") in respect of retention payments has today been issued pursuant to the terms of the acquisition. This represents £0.9m based on the closing share price of 25.75p on 24 December 2014. The remaining retention payments, earn-out consideration and held back consideration will fall due in respect of the period to and including 30 June 2016, with total earn-out consideration dependent on performance against earn-out targets.
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The new shares represent an increase of approximately 0.2% in the number of Monitise shares in issue. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares in the Company. 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 5 January 2015. Following Admission and based on the Company's current issued share capital, Monitise will have 2,135,721,292 Ordinary Shares in issue.
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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 and services to securely connect people with their money.
More than 30 million consumers have registered for Monitise's patented technology to 'bank anywhere', 'pay anyone' and 'buy anything', accounting for $88bn of payments, purchases and transfers annually. Additionally, apps designed by the Group's Monitise Create and MEA divisions have been downloaded 30 million times. More information is available at www.monitise.comÂ
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Investor Relations
Andrew Griffin, Haya Herbert-Burns Tel: +44(0)203 657 0366
investorrelations@monitise.com
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Media Relations
Gavin Haycock, Anna Howard Tel: +44(0)203 657 0373
press@monitise.com
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Company Secretary
Tom Spurgeon Tel: +44(0)20 3657 0900
tom.spurgeon@monitise.com
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Canaccord Genuity
Simon Bridges Tel: +44(0)20 7523 8000
Cameron Duncan
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FTI Consulting Tel: +44(0)20 3727 1000
Charles Palmer
Rob Mindell
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