CDialogues PLC Shares into Treasury (9567N)

TIDMCDOG

RNS Number : 9567N

CDialogues PLC

21 May 2015

21 May 2015

CDialogues plc

("CDialogues" or the "Company")

Shares into Treasury

CDialogues plc (AIM: CDOG), the provider of mobile marketing solutions to Mobile Network Operators ("MNOs"), announces that it has today taken into treasury 28,250 ordinary shares of GBP0.01 each in CDialogues ("Ordinary Shares") for nil consideration.

As set out in the Admission Document dated 24 June 2014, on or around 23 June 2014, the Company entered into agreements with certain employees and consultants pursuant to which the Company agreed to issue these individuals a total of 152,550 Ordinary Shares in consideration for an undertaking from each of them: (i) not to dispose of the Ordinary Shares for 12 months; and (ii) to retain their respective positions within the CDialogues for 24 months. One of the employees issued with Ordinary Shares has left the Company and is therefore obliged to return the Ordinary Shares to it.

These Ordinary Shares will be held in treasury by the Company until further notice.

Following the above transfer, the Company has 6,212,300 Ordinary Shares remaining in issue (excluding treasury shares), which is the total number of voting rights and may be used by shareholders as the denominator for the calculation by which they will determine whether they are required to notify their interest in, or a change in their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules. The total number of Ordinary Shares now held in treasury is 28,250.

Enquiries:

 
 CDialogues Plc        Tel: [phone] 
--------------------  ---------------------------------------------- 
 George Karakovounis 
--------------------  ---------------------------------------------- 
 Pale Spanos 
--------------------  ---------------------------------------------- 
 
 Allenby Capital       Tel: [phone] 
  Limited 
--------------------  ---------------------------------------------- 
 David Hart 
--------------------  ---------------------------------------------- 
 Alex Brearley 
--------------------  ---------------------------------------------- 
 
 Walbrook PR           Tel: [phone]/ [e-mail] 
  Ltd 
--------------------  ---------------------------------------------- 
 Paul Cornelius        Mob: [phone] 
--------------------  ---------------------------------------------- 
 Nick Rome             Mob: [phone] 
--------------------  ---------------------------------------------- 
 

About CDialogues

CDialogues provides mobile marketing solutions enabling MNOs to retain and acquire market share, increase average revenue per user (ARPU) and reducing subscriber churn.

The Company's products and services deliver fully managed solutions, utilizing advanced Data analytics techniques combined with Linguistic engineering marketing, to build awareness and multiply sales and opt-ins of promotional offerings and other mobile content being offered by the MNOs.

The solutions designed by the Company, are tailored and served with the appropriate Linguistic format, to each individual mobile network subscriber typology and geography it operates in, using its proprietary software and scalable infrastructure.

The majority of CDialogues' revenues are derived from a recurring subscription-based revenue model, which has been pioneered by the Company. As a result, the Company benefits from incremental cash flow growth from each new campaign customer and mobile network subscriber.

The Company's near-term focus is on growing both its customer base and expanding its geographic footprint in selected markets in the Middle East, Africa and Southeast Asia, where mobile device penetration and mobile network usage is growing rapidly.

CDialogues has been profitable and cash flow positive since commercial operations began in early 2012.

This information is provided by RNS

The company news service from the London Stock Exchange

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