Board Change and Director's S

RNS Number : 9919Y

Bango PLC

06 January 2011

 



6 January 2011

Immediate Release

BANGO PLC

("Bango" or "the Company")

Board Changes

Director's Shareholding

Bango plc (AIM:BGO.L), the mobile web payments and analytics company, announces that the Board has been informed by Lindsay Bury, Chairman (aged 72 years), that he will retire as a Director with effect from the conclusion of the Board meeting which will approve the Company's financial results for the year ending 31 March 2011. It is expected that this Board meeting will take place in May 2011 and a further announcement will be issued once the exact date is known. The Board would like to thank Lindsay for his contribution to Bango over the past 10 years and wishes him well in his retirement. The Board expects to announce details of its proposed new Chairman in the near future. 

The Company also announces that it was informed on 5 January 2011 that, on the same day, Mr. Bury sold 295,000 ordinary shares of 20p each in the Company at a price of 150p per share to institutional investors as part of his financial planning. Following the sale, Mr. Bury beneficially owns 800,000 ordinary shares of 20p each in the Company representing 2.11% of the issued ordinary shares.

Contact Details:

Bango plc	Threadneedle Communications	Cenkos Securities plc
Tel. [phone] www.bango.com	Tel. [phone]	Tel. [phone]
Ray Anderson, CEO	Caroline Evans-Jones	Ken Fleming
Peter Saxton, CFO	Fiona Conroy	Beth McKiernan

About Bango

Bango (AIM: BGO) provides technology that enables commerce on the mobile web.

Bango enables businesses of all sizes to collect payment for music, games, applications, videos and services sold to internet connected mobile phone users.  Bango is able to charge payments to mobile phone bills or use other billing methods such as credit card based on intelligence about the consumer. Bango also provides an analytics service that provides accurate information about visitors and the effectiveness of marketing activities for mobile web sites.

Visit www.bango.com.

 

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