Director Shareholding & Additional Listing

RNS Number : 6732K

Bango PLC

23 August 2012

 



23 August 2012

BANGO PLC

("Bango" or the "Company")

Director Shareholding

Additional Listing

Bango (AIM: BGO), the mobile web payments and analytics company, announced on 21 May 2012 that Peter Saxton, Bango's CFO, had notified the Board of Bango of his wish to retire, on a schedule to be agreed with the Board that will ensure an orderly hand-over to a new CFO. This process is ongoing and is expected to be completed by November 2012. As part of his financial planning for his retirement, Peter Saxton has today exercised options over 236,327 ordinary shares of 20p each ("Ordinary Shares") and has subsequently sold a total of 386,701 Ordinary Shares at a price of 179.5p per share.

Following the disposal, Mr. Saxton has interests in 74,626 Ordinary Shares, representing 0.18% of the total issued share capital, and has vested options over a further 384,931 Ordinary Shares.

Application has been made to the London Stock Exchange for the 236,327 Ordinary Shares ("New Ordinary Shares") issued pursuant to the option exercise, which will rank pari passu with the existing shares in issue, to be admitted to trading on AIM, and admission is expected to become effective on 29 August 2012.

Bango's total issued share capital after the admission of the New Ordinary Shares will be 41,408,779 Ordinary Shares. The Company does not currently hold any shares in treasury. This figure of 41,408,779 Ordinary Shares may be used by shareholders in Bango as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FSA's Disclosure and Transparency Rules.

Contact Details:

Bango plc	Newgate Threadneedle	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 Apps, music, games, virtual goods, 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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