Director/PDMR Shareholding

RNS Number : 0375P

MobilityOne Limited

18 October 2012

 



18 October 2012

MobilityOne Limited

("MobilityOne" or the "Company")

Director Shareholding

MobilityOne (AIM:MBO), the e-commerce infrastructure payment solutions and platform provider, is pleased to announce that, further to the announcement released by the Company on 21 September 2012, LMS Technology Distributions Sdn Bhd ("LMS"), a company in which Dato' Hussian A. Rahman (CEO of MobilityOne) ("Dato' Hussian") is a director and major shareholder, has today completed the transfer of 7,523,829 ordinary shares of 2.5p each in the Company (the "Loan Conversion Shares") to Dato' Hussian at a price of 3.5 pence per Loan Conversion Share. The Loan Conversion Shares were previously issued to LMS pursuant to the conversion of outstanding loans granted to the Company by LMS between 2010 and 2012, further details of which were announced by the Company on 21 September 2012.

Following completion of the transfer of the Loan Conversion Shares Dato' Hussian's total beneficial interest in the Company remains unchanged at 40,385,724 ordinary shares of 2.5p each in the Company equivalent to 37.99% of the Company's issued share capital and LMS no longer has an interest in the issued share capital of the Company.

For further information, contact:

MobilityOne                                                                                                    [phone]

Dato' Hussian A. Rahman, CEO                                                                  www.mobilityone.com.my

[e-mail]

Allenby Capital Limited (Nominated Adviser and Broker) [phone]

Nick Athanas /James Reeve

Newgate Threadneedle                                                                                 [phone]                                         Robyn McConnachie/Alex White                                                                                                                    

About the Company:

MobilityOne is the holding company of an established group of companies  that provide e-commerce infrastructure payment solutions and platforms through its proprietary technology solutions, marketed under the brands MoCSand ABOSSE.

The Group has developed an end-to-end e-commerce solution which connects various service providers across several industries such as banking, telecommunication and transportation through multiple distribution devices including EDC terminals, mobile devices, automated teller machines ("ATM") and internet banking.

The Group's technology platform is flexible, scalable and designed to facilitate cash, debit card and credit card transactions from multiple devices while controlling and monitoring the distribution of different products and services.

For more information, refer to our website at www.mobilityone.com.my

 

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