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Monitise PLC MONI Statement regarding press speculation

  Monitise PLC (MONI) - Statement regarding press speculation

RNS Number : 3042S
Monitise PLC
29 November 2012






29 November 2012



THE INFORMATION  CONTAINED  HEREIN  IS  RESTRICTED AND  IS  NOT  FOR  RELEASE, 
PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART,  IN, 
INTO OR FROM  THE UNITED STATES,  CANADA, AUSTRALIA, NEW  ZEALAND, JAPAN,  THE 
REPUBLIC OF IRELAND  OR SOUTH  AFRICA OR ANY  JURISDICTION IN  WHICH THE  SAME 
WOULD BE UNLAWFUL



                                 Monitise plc

                                      

                    Statement regarding press speculation

                                      

                                Trading Update

                                      

Monitise plc (LSE:  MONI) ("Monitise"  or the  "Company" or  the "Group")  has 
noted the press speculation regarding a possible fundraising and confirms that
the Company is in discussions with Canaccord Genuity and certain institutional
and strategic  investors  with regard  to  a proposed  partially  underwritten 
fundraising of up to  £100 million in order  to take advantage of  significant 
opportunities represented by mobile banking, payments and commerce.



Proceeds from the  proposed placing  would be used  to fund  new Mobile  Money 
opportunities for  financial institutions  and payments  companies looking  to 
capitalise on  accelerating  global demand  for  mobile banking  and  payments 
services and in particular mobile commerce capabilities.



Mobile Commerce Strategy



Monitise is establishing an enhanced mobile commerce platform that provides an
integrated hub for banks to connect  into new payments and commerce  gateways, 
reducing the complexity  and cost  of developing and  delivering Mobile  Money 
solutions to  their  customers  while  driving  new  revenue  streams  through 
enhanced mobile adoption. Leveraging its technology, partnerships and network,
the Group's mobile  commerce platform  is evolving to  further connect  banks, 
payment processors,  retailers, media  partners, mobile  networks,  technology 
partners, loyalty providers, merchant acquirers, affiliate networks, ticketing
aggregators and advertisers to create  an unprecedented ecosystem for  instant 
and secure purchases.





Current Trading Update



· Group revenue on track to reach at least $110m in FY2013.



· Payments and  transfers processed  by Monitise now  over $25bn  annually, 
versus $1bn a year ago.



· More than 18m customers now registered to Monitise Mobile Money services,
compared with 5.5m in December 2011.



· The group has a pipeline of more than 100 financial institutions via  its 
partners and direct sales teams looking to adopt mobile banking, payments  and 
commerce applications developed by Monitise.



· Further  to  the  recently announced  global  alliance  with  information 
technology business Cognizant,  Monitise is  also in  talks with  a number  of 
major technology businesses interested in partnering with Monitise,  reselling 
the Group's  banking, payments  and commerce  solutions and  collaborating  on 
mobile technology innovations.



· An  application to  move from  AIM to  the London  Stock Exchange's  main 
market for listed securities is under consideration for calendar 2013.





Monitise plc  Group Chief  Executive Alastair  Lukies said:  "Our business  is 
seeing enormous demand  for Mobile  Money services. The  breadth of  companies 
interested in working with us has never been greater and the level of consumer
engagement with Mobile Money services we have developed is hitting new  highs. 
The value  of  payments  and  transfers alone  handled  by  our  commercially 
established technology  platform  is now  surpassing  $25bn on  an  annualised 
basis, compared with around $1bn a year ago."



Lukies added: "The core foundations of our integrated mobile banking, payments
and commerce  capabilities are  now  aligning at  a  critical time  as  mobile 
transforms how we bank,  pay and shop. The  growth potential of Mobile  Money, 
particularly via mobile commerce,  is only just now  starting to be  realised. 
Proceeds from our proposed capital raising  will be used to rapidly scale  our 
business and enhance our Mobile  commerce capabilities. With new  partnerships 
and collaborations  involving  our technology  platform,  we intend  to  fully 
execute on the opportunity of creating  value for our partners, customers  and 
shareholders alike."



A further announcement regarding the proposed fundraising will be made in  due 
course as appropriate.



For further information

Monitise plc

 Tel: +44(0)203 657 0900

Duncan McIntyre, Chairman

Alastair Lukies, Chief Executive Officer

Lee Cameron, Chief Commercial Officer

Mike Keyworth, Chief Operating Officer



Investor Relations

Haya
Herbert-Burns
 Tel: +44(0)203 657 0366

Haya.herbert-burns@monitise.com



Media Relations

Gavin Haycock
 
Tel: +44(0)203 657 0362

Gavin.haycock@monitise.com



Canaccord Genuity Limited 
 Tel: +44(0)20
7523 8000

Giles Fitzpatrick

Simon Bridges

Cameron Duncan



FTI Consulting

Tel: +44(0)20 7831 3113

Charles Palmer

Jon Snowball



IMPORTANT NOTICE



This announcement  has been  issued by,  and is  the sole  responsibility  of, 
Monitise. No person has  been authorised to give  any information or to  make 
any representations other than  those contained in  this announcement and,  if 
given or made, such  information or representations must  not be relied on  as 
having been authorised by the Company or Canaccord Genuity Limited.



This announcement is for information purposes only and does not constitute  or 
form part of any offer  to issue or sell, or  the solicitation of an offer  to 
acquire, purchase  or subscribe  for, any  securities of  the Company  in  any 
jurisdiction and should not be relied upon in connection with any decision  to 
subscribe  for  or   acquire  any  such   securities.  In  particular,   this 
announcement does not  constitute an offer  to sell, or  a solicitation of  an 
offer to buy, securities in the United States. Members of the public will not
be eligible  to take  part in  any  placement of  the securities  of  Monitise 
described herein.



Any securities of Monitise described in  this announcement have not been,  and 
will not be, registered under the U.S. Securities Act of 1933, as amended (the
"US Securities Act"), or under the securities laws of any state of the  United 
States and  may  not  be  offered, sold,  resold,  transferred  or  delivered, 
directly or  indirectly,  within  the  United States  except  pursuant  to  an 
applicable  exemption  from,  or  in   a  transaction  not  subject  to,   the 
registration requirements of the US Securities Act.



Furthermore, the securities  of Monitise described  in this announcement  have 
not been  and will  not be  registered under  the applicable  laws of  any  of 
Canada, Australia, New Zealand, Japan, the Republic of Ireland or the Republic
of South Africa and, consequently, may not be offered or sold to any national,
resident or citizen thereof.



The distribution of  this document  in or  into jurisdictions  other than  the 
United Kingdom  may be  restricted by  law  and therefore  any person  who  is 
subject to the laws of any  jurisdiction other than the United Kingdom  should 
inform themselves about, and observe such restrictions. Any failure to comply
with the applicable restrictions may constitute a violation of the  securities 
laws of any such jurisdiction.  Subject to certain exceptions, this  document 
is not for release publication or distribution, directly or indirectly, in  or 
into the United States, Canada, Australia, New Zealand, Japan, the Republic of
Ireland, the Republic of South Africa or any jurisdiction where to do so might
constitute a violation of local securities laws or regulations.



Canaccord Genuity Limited,  which is  authorised and regulated  in the  United 
Kingdom by the Financial  Services Authority, is  acting as Nominated  Adviser 
and broker to Monitise for the purposes of the AIM Rules for Companies and the
AIM Rules  for Nominated  Advisers in  connection with  any placement  of  the 
securities of Monitise described herein  and admission of such securities  and 
is not acting  for, and  will not  be responsible  to, any  person other  than 
Monitise for  providing the  protections afforded  to customers  of  Canaccord 
Genuity Limited  or  for advising  any  other  person on  any  transaction  or 
arrangement referred to in this announcement.









                     This information is provided by RNS
           The company news service from the London Stock Exchange

END


MSCEANFNADFAFEF -0- Nov/29/2012 09:34 GMT
 
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