Bango PLC Exercise of Warrants, Issue of Equity & TVR (7022Y)

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RNS Number : 7022Y

Bango PLC

14 May 2021

14 May 2021

BANGO PLC

Exercise of Warrants, Issue of Equity and Total Voting Rights

Bango plc (AIM: BGO) ("Bango"), the global platform for data-driven commerce, announces that warrants have been exercised over 16,256 new ordinary shares of 20 pence each in Bango ("New Ordinary Shares"), with an exercise price of 180 pence per share. Proceeds of GBP29,260.80 have been received by Bango in respect of this warrant exercise.

These warrants were issued in connection with Bango's acquisition of Audiens SRL as announced on 24 January 2018. Following this warrant exercise there remain 512,069 warrants over Bango shares exercisable for a period of 10 years from the date of acquisition (23 January 2018).

The New Ordinary Shares will rank pari passu in all respects with Bango's existing Ordinary Shares.

Application has been made for 16,256 New Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will occur on or around 19 May 2021.

Total Voting Rights

Following Admission, Bango's enlarged issued share capital is expected to comprise 75,717,433 Ordinary Shares of 20 pence each, with one voting right per share ("Ordinary Shares"). Bango does not hold any Ordinary Shares in treasury and therefore the total number of Ordinary Shares with voting rights in Bango is 75,717,433.

The above figure of 75,717,433 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of Bango under the FCA's Disclosure Guidance and Transparency Rules.

Contact Details:

 
Bango PLC              FTI Consulting         Liberum (Nomad and 
                                               Broker) 
Tel. [phone]  Tel. [phone]  Tel. [phone] 
Paul Larbey, CEO       Rob Mindell            Cameron Duncan 
Matt Garner, CFO       Darius Alexander       James Greenwood 
 Anil Malhotra, CMO                            E d Phillips 
                                               Will King 
 

About Bango

App developers, stores and payment providers cross the threshold into the Bango ecosystem to converge, grow and thrive.

By bringing businesses together and powering e-commerce with unique data-driven insights, Bango delivers new business opportunities and new dimensions of growth for customers around the world. Being inside the Bango circle means global merchants including Amazon (NASDAQ: AMZN), Google (NASDAQ: GOOG) and Microsoft (NASDAQ: MSFT) can work together with payment partners from Africa to the Americas, accelerating the performance of everyone on the inside.

Bango. Think inside the circle. For more information, visit www.bango.com .

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May 14, 2021 06:37 ET (10:37 GMT)