Monitise PLC Monitise - Issue of deferred consideration (5759O)

TIDMMONI

RNS Number : 5759O

Monitise PLC

29 May 2015

Monitise plc

Issue of deferred consideration

LONDON - 29 May 2015 - Monitise plc (LSE: MONI, "Monitise" or the "Company"), announces the following update regarding the payment of deferred consideration relating to the acquisition of Monitise Yazilim A.S. (formerly Pozitron Yazilim A.S.), announced on 3 February 2014.

Deferred consideration comprising 7,998,496 new ordinary shares of 1p each ("New Ordinary Shares") was issued on 28 May 2015 pursuant to the terms of the acquisition. This represents GBP1.0m based on the closing share price of 13.0p on 28 May 2015. This payment is the first of two potential deferred consideration payments related to 2014 deferred consideration. The remaining payments for future years, if triggered, would fall due in the period to and including January 2017, with the total earn-out consideration dependent on performance against earn-out targets.

The New Ordinary Shares represent an increase of approximately 0.4% in the number of Monitise shares in issue and 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 2 June 2015. Following Admission Monitise will have 2,163,564,604 Ordinary Shares in issue.

About Monitise

Monitise (LSE: MONI) is a world leader in Mobile Money - banking, paying and buying with a mobile device. Leading banks, payments companies, retailers and mobile networks use Monitise's technology platforms and services to securely connect people with their money.

33 million consumers have registered for Monitise's patented technology to 'bank anywhere', 'pay anyone' and 'buy anything', accounting for $101bn of payments, purchases and transfers annually. Additionally, Monitise-designed high-engagement apps across multiple industry verticals and email subscribers to the Monitise Content consumer business total more than 49 million. More information is available at www.monitise.com. For views and insights from the Monitise team about the world of Mobile Money, visit www.monitise.com/insights.

Contacts:

Company Secretary Tel: 020 3657 0900

Tom Spurgeon

Investor Relations Tel: 020 3657 0900

Richard Johnson, Michelle Singleton, Investor Relations

Canaccord Genuity Limited Tel: 020 7523 8000

Simon Bridges

Cameron Duncan

Brunswick Tel: 020 7404 5959

Jonathan Glass

Jon Drage

This information is provided by RNS