Monitise PLC Statement re Monitise Content (6398Z)
May 31 2016 - 2:01AM
UK Regulatory
TIDMMONI
RNS Number : 6398Z
Monitise PLC
31 May 2016
31 May 2016
Statement re Monitise Content
On 4 March 2016 Monitise plc (LSE: MONI), ("Monitise" or the
"Company") announced that it was in very early stage discussions
regarding a possible disposal of the Content business (the Markco
Media businesses). These discussions have now ceased.
The Content business is performing strongly and, together with
the expected growth prospects for the Content business, Monitise
has concluded that greater shareholder value can be delivered by
retaining the Content business within the Group. The Company was
also keen to minimise any ongoing uncertainty within the Content
business given its strong performance.
The Company will continue to regularly evaluate all assets
within the Monitise group to ensure that long-term shareholder
value is maximised.
About Monitise
Monitise plc (LSE: MONI) is a leader in enabling accelerated
digital innovation within industries where security, compliance and
scalability are mandated. Our platforms, toolkits, products and
ideas draw upon over a decade of experience of building and
operating world class digital banking, and support all stages of a
digital solution from strategy to concept design, development and
operations. Find out more at www.monitise.com.
For further information
Monitise plc Tel: +44(0)203 657 0900
Lee Cameron, Chief Executive Officer
Canaccord Genuity Limited (NOMAD)
Simon Bridges, Cameron Duncan, Emma Gabriel Tel: +44(0)20 7523
8000
Brunswick
Jonathan Glass 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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May 31, 2016 02:01 ET (06:01 GMT)
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