Monitise Seeks Bankers for Possible LSE Switch, Telegraph Says

Monitise Plc (MONI), which trades on London Stock Exchange Group Plc (LSE)’s Alternative Investment Market for smaller companies, is looking for new bankers, the Sunday Telegraph said, citing Chief Executive Officer Alastair Lukies.

Monitise’s current adviser is Canaccord Genuity and it is talking to a number of banks, including Goldman Sachs Group Inc. (GS), the London-based newspaper reported, without saying where it received the information.

The mobile-payment technology company may move its listing to the Nasdaq Stock Market in New York, the newspaper reported. Any decision wouldn’t be made until after the company completes its $141 million acquisition of Clairmail Inc. and its full board meets, the Sunday Telegraph quoted Lukies as saying.

To contact the reporter on this story: Andrea Gerlin in London at agerlin@bloomberg.net

To contact the editor responsible for this story: Mike Harrison at mharrison5@bloomberg.net

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