TIDMMONI

RNS Number : 3446K

Monitise PLC

29 December 2015

29 December 2015

Monitise plc

Issue of deferred consideration

LONDON - 29 December, 2015 - 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 3,571,429 new ordinary shares of 1p each ("Ordinary Shares") in respect of retention payments has today been issued pursuant to the terms of the acquisition. This represents GBP0.1m based on the closing share price of 2.95p on 24 December 2015. The remaining retention payments, earn-out consideration and held back consideration will fall due in respect of the period to and including 30 June 2016, with total earn-out consideration dependent on performance against earn-out targets.

The new shares represent an increase of approximately 0.2% 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 6 January 2016. Following Admission and based on the Company's current issued share capital, Monitise will have 2,204,387,712 Ordinary Shares in issue.

About Monitise

Monitise plc (LSE: MONI) is a cloud and digital technology company creating new ways to connect, interact and transact. Our platforms, products and ideas lead to smarter, better experiences that help companies forge closer relationships with their customers. Via the clients which use our Build Your Own, Ready Made and Create Together solutions, we make everyday actions easier for millions of people. 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

Brunswick

Jonathan Glass, Jon Drage Tel: +44(0)20 7404 5959

This information is provided by RNS

The company news service from the London Stock Exchange

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December 29, 2015 09:30 ET (14:30 GMT)

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