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31 May 2016 07:00
31 May 2016
Statement re Monitise Content
On 4 March 2016 Monitise plc (LSE: MONI), ("Monitise" or the "Company") announced that it was in very early stage discussions regarding a possible disposal of the Content business (the Markco Media businesses). These discussions have now ceased.
The Content business is performing strongly and, together with the expected growth prospects for the Content business, Monitise has concluded that greater shareholder value can be delivered by retaining the Content business within the Group. The Company was also keen to minimise any ongoing uncertainty within the Content business given its strong performance.
The Company will continue to regularly evaluate all assets within the Monitise group to ensure that long-term shareholder value is maximised.
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)
Simon Bridges, Cameron Duncan, Emma Gabriel Tel: +44(0)20 7523 8000
Brunswick
Jonathan Glass Tel: +44(0)20 7404 5959
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