Fonix Mobile PLC AGM Statement (3044T)

TIDMFNX

RNS Number : 3044T

Fonix Mobile PLC

14 November 2023

14 November 2023

Fonix Mobile plc

("Fonix" or the "Company")

AGM Statement

Positive start to new financial year with strong growth in both the UK and Ireland

Fonix, the mobile payments and messaging provider is pleased to provide the following update ahead of the Company's Annual General Meeting ("AGM"), to be held at 9:00a.m. today.

Fonix has had a positive start to the financial year, comfortably in line with expectations, with strong income growth from new and existing media clients in both the UK and Ireland. This week will see Fonix once again power donations for BBC Children In Need for the tenth consecutive year.

The business has continued to progress its planned investment in both technology and exploring new international markets, as the business looks to expand its market reach whilst continuing to deliver new and enhanced products and services.

With high levels of repeating revenue and a strong, expanding run-rate from key clients, the Board continues to be confident in the growth potential for Fonix for the rest of the financial year and beyond.

Enquiries

Fonix Mobile plc Tel: [phone]

Robert Weisz, CEO

Michael Foulkes, CFO

Cavendish Capital Markets Limited (Nomad and Broker) Tel: [phone]

Jonny Franklin-Adams / Seamus Fricker (Corporate Finance)

Sunila de Silva (ECM)

About Fonix

Founded in 2006, Fonix provides mobile payments and messaging services for clients across media, telecoms, entertainment, enterprise and commerce.

When consumers make payments, they are charged to their mobile phone bill. This service can be used for ticketing, content, cash deposits and donations. Fonix's service works by charging digital payments to the mobile phone bill, either via carrier billing or SMS billing. Fonix also offers messaging solutions.

Based in London, Fonix is a fast growth business driven by blue chip clients such as ITV, Bauer Media, RTÉ, Global Media, Comic Relief and Children in Need to name a few.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

AGMEAEFDFSPDFAA

(END) Dow Jones Newswires

November 14, 2023 02:00 ET (07:00 GMT)