ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

MONI Monitise

3.09
0.00 (0.00%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Monitise LSE:MONI London Ordinary Share GB00B1YMRB82 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 3.09 3.08 3.09 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Monitise PLC Issue of Deferred Consideration (5777D)

07/07/2016 1:07pm

UK Regulatory


Monitise (LSE:MONI)
Historical Stock Chart


From May 2019 to May 2024

Click Here for more Monitise Charts.

TIDMMONI

RNS Number : 5777D

Monitise PLC

07 July 2016

7 July 2016

Monitise plc

Issue of Deferred Consideration

LONDON - 7 July, 2016 - 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.

Deferred consideration comprising 43,770,351 new ordinary shares of 1p each ("Ordinary Shares") in respect of outstanding earn-out consideration, retention payment and held back consideration has today been issued pursuant to the terms of the acquisition. This represents approximately GBP1.1m based on the closing share price of 2.46p on 6 July 2016 and concludes all payments due for the acquisition.

The new shares represent an increase of approximately 1.9% 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 11 July 2016. Following Admission and based on the Company's current issued share capital, Monitise will have 2,295,713,364 Ordinary Shares in issue.

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.

Company Secretary

Tom Spurgeon Tel: +44(0)20 3657 0900

Canaccord Genuity (NOMAD)

Simon Bridges, Cameron Duncan, Emma Gabriel Tel: +44(0)20 7523 8000

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCSSIFEWFMSESW

(END) Dow Jones Newswires

July 07, 2016 08:07 ET (12:07 GMT)

1 Year Monitise Chart

1 Year Monitise Chart

1 Month Monitise Chart

1 Month Monitise Chart

Your Recent History

Delayed Upgrade Clock