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Share Name Share Symbol Market Type Share ISIN Share Description
Mporium Grp LSE:MPM London Ordinary Share GB00BGDW0L56 ORD 0.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 5.525p 5.30p 5.75p 5.525p 5.525p 5.525p 111,920 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 2.0 -3.9 -0.0 - 46.70

mporium Group PLC Update on Revenue and the Allay Agreement

12/02/2019 7:00am

UK Regulatory (RNS & others)


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RNS Number : 6976P

mporium Group PLC

12 February 2019

12 February 2019

Mporium Group plc

("Mporium", the "Company" or the "Group")

Update on Revenue and the Allay Strategic Collaboration Agreement ("the Agreement")

Mporium Group plc (AIM: MPM), the technology firm delivering event-driven marketing, is pleased to provide further insight regarding the Allay Agreement and an update on revenues.

 
 --   Mporium has taken on responsibility as Allay's exclusive 
       supplier of customer acquisition and lead generation via 
       digital platforms for breaches of consumer regulation. 
 --   Customer acquisition and lead generation on behalf of 
       Allay has started strongly and is already yielding significant 
       benefits. 
 --   Across its businesses, Mporium has billed revenues in 
       excess of GBP1.0 million for each of the past two weeks. 
       For comparison, H1 2018 revenues totalled GBP1.2 million. 
 --   Mporium expects strong growth in the demand for lead generation 
       in the Consumer regulation market, due to the increasing 
       standardisation and prescriptive compensation across many 
       verticals including Packaged Bank Accounts and flight 
       compensation. 
 

A presentation containing further information relating to Mporium is now available on the Company's website www.mporium.com/investors/news/Company_Update_20190212.pdf.

Nelius De Groot, CEO of Mporium said:

"We are delighted that the Agreement has achieved such strong support from our Shareholders. This is a transformational deal for Mporium, and the benefits of this partnership are already visible in the increased revenues that we are billing. The growth of consumer regulation is a global phenomenon and this Agreement provides Mporium with a critical footprint in lead generation within the consumer regulation sector."

Enquiries

 
Mporium:                                 020 3841 8411 
Nelius De Groot, Chief Executive 
 Officer 
 
finnCap:                                 020 7220 0500 
Henrik Persson / Kate Bannatyne (Corporate Finance) 
 Andrew Burdis (Corporate Broking) 
 
Alma PR:                                 020 3405 0209 
Josh Royston 
 Rebecca Sanders-Hewett 
Susie Hudson 
 

Notes to editors

About Mporium

Mporium is a technology company at the forefront of the transformation in digital marketing. Mporium's proprietary technology enables advertisers, to identify and leverage moments when there are significant changes in the levels of consumer engagement. MporiumX is the performance-led moment marketing media trading division of Mporium Group.

Based in the UK, Mporium Group plc is quoted on AIM, the junior market of the London Stock Exchange plc.

www.mporium.com

About Allay

Allay is a FinTech firm based in Newcastle that specialises in the processing of consumer claims. Its legacy and expertise lie in the Financial Claims sector, with a growing offering across other verticals, dealing with other claim types including Packaged Bank Account (PBA) claims, Timeshare/Holiday Club Membership Mis-Sell, Solar Panel Installation Mis-Sell, Incorrectly Installed Cavity Wall Insulation and most notably, Flight Delay Compensation.

Over the past 5 years, Allay has invested heavily in the development and refinement of its own, bespoke, technology and software. The result of which is one of the most advanced, efficient workflow and processes in the Claims Management Industry. This investment has benefited all stakeholders involved in claims process - partners, lenders and most importantly, the clients Allay represents.

Allay has a strong track record of rapid growth delivering revenues in excess of GBP50m in 2018. Allay's platform has handled claims for in excess of 1.65 million consumers who have been mis-sold products across the legal, travel and financial services sectors.

www.allay.co.uk

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 rns@lseg.com or visit www.rns.com.

END

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February 12, 2019 02:00 ET (07:00 GMT)

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