Result of GM & Issue of Equity

RNS Number : 6131Y

Bango PLC

25 February 2013

 



25 February 2013

BANGO PLC

("Bango")

Result of General Meeting & Issue of Equity

Bango (AIM: BGO), the mobile web payments and analytics company, is pleased to announce that all of the resolutions set out in the Notice of General Meeting dated 8 February 2013 were passed at a meeting held today at 2pm.

Accordingly, 3,250,000 new ordinary shares at 200 pence per share to raise £6.5 million (approximately US$10 million) before expenses will be issued, for the purpose of the Placing with new and existing institutional investors. Application has been made to the London Stock Exchange for the new ordinary shares, 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 26 February 2013.

Bango's total issued share capital after the admission of the new ordinary shares will be 45,441,669 ordinary shares. Bango does not currently hold any shares in treasury. This figure of 45,441,669 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]	Tel. [phone]	Tel. [phone]
Ray Anderson, CEO	Caroline Evans-Jones	Ken Fleming
Gerry Tucker, CFO	Fiona Conroy	Neil McDonald

About Bango

In the era of mobile technology, collecting payments has emerged as a central and complex challenge. Bango (AIM: BGO) powers payment and analytics on the mobile web, providing users with a massively smooth payment experience.

Bango's pervasive presence across the web creates a platform effect for partners, identifying hundreds of millions of users and maximising the number of single click payments. Customers who plug into Bango include Facebook, Blackberry App World, Windows Phone Store, Amazon and major mobile brands including CNN, Cartoon Network and EA Mobile. Visit: www.bango.com 

 

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