TIDMMONI
RNS Number : 3699I
Monitise PLC
25 March 2015
Monitise plc
Appointment of Non-Executive Director
25 March, 2015, London UK - Monitise plc (LSE: MONI, "Monitise"
or the "Company"), a leading global Mobile Money enabler, announces
that Stephen Shurrock has been appointed as a Non-Executive
Director of the Company with immediate effect.
Pursuant to the announcement of the Company on 27 November 2014,
Telefónica and Santander, in connection with their subscription at
that time, were given the right, acting jointly, to nominate a
single Non-Executive Director to be appointed by the Board of
Monitise. Stephen is Telefónica and Santander's nominated Director
to the Board of Monitise.
Stephen is CEO of Consumer at Telefónica within the Commercial
& Digital Unit. He is responsible for a number of areas
including financial services, mobile virtual network operators
(MVNOs), advertising, devices, data monetisation and commercial
partnerships.
Commenting on Stephen's appointment, Monitise Chairman Peter
Ayliffe said: "We are delighted that Stephen Shurrock is joining us
as Non-Executive Director. He brings invaluable experience from his
time spearheading leading businesses in the telecoms and digital
industries, and joins us at an important time for Monitise. We look
forward to benefiting from his vast amount of relevant experience
across a number of business areas as we embark on this next phase
for Monitise".
Prior to his current role Stephen was CEO of New Business
Ventures in Telefonica Digital where he was actively involved in a
number of Telefónica Digital's key successes including the launch
of Firefox OS; the development of the TU Go communications app and
commercial partnerships with a range of companies including
Pinterest, Evernote, Facebook and Google. Before joining Telefonica
Digital at its launch, Stephen was Chief Executive Officer of
Telefónica Ireland, and prior to that Sales Director for Telefonica
UK.
A highly experienced telecoms executive, Stephen initially
joined O2 in the UK in 2000 and held a number of senior sales and
finance roles. He was responsible for the Consumer Sales Division
and managing a team of 4,000 staff encompassing Telefónica UK's
high street, franchise, online and indirect channels. An accountant
by profession, Stephen has held a number of financial positions
across a variety of businesses.
Stephen John Shurrock, aged 43, does not currently hold shares
in Monitise. Telefónica holds 42,630,429 ordinary shares in
Monitise, representing 2.0% of the voting rights of the Company.
Santander holds 108,200,721 ordinary shares in Monitise,
representing 5.0% of the voting rights of the Company.
Further information:
Stephen Shurrock is or has been a Director of the following
companies during the last five years:
Current directorships
Telefónica Digital Limited (England & Wales)
Telefónica Digital, Inc (Delaware)
giffgaff Limited (England & Wales)
Axonix Ltd (England & Wales)
Thame and London Limited (England & Wales)
Previous directorships
Telefónica Digital Limited (Ireland)
Cellular World Limited (Ireland)
Liffey Telecom Limited (Ireland)
Centurion Collections Limited (Ireland)
Wayra Ireland Limited (Ireland)
Telefónica Ireland Limited (Ireland)
O2 Communications (Ireland)
O2 Investments Ireland (Ireland)
Telefónica Europe plc (England & Wales)
Telefónica Ireland Retail Limited (Ireland)
Telefónica Europe People Services Limited (Ireland)
Telfin Ireland Limited (Ireland)
There are no further disclosures required pursuant to Schedule
2, paragraph (g) of the AIM Rules for Companies in respect of the
appointment of Stephen Shurrock to the Board of Monitise.
About Monitise
Monitise (LSE: MONI) is a world leader in Mobile Money -
banking, paying and buying with a mobile device. Leading banks,
payments companies, retailers and mobile networks use Monitise's
technology platforms and services to securely connect people with
their money.
33 million consumers have registered for Monitise's patented
technology to 'bank anywhere', 'pay anyone' and 'buy anything',
accounting for $101bn of payments, purchases and transfers
annually. Additionally, Monitise-designed high-engagement apps
across multiple industry verticals and email subscribers to the
Monitise Content consumer business total more than 49 million. More
information is available at www.monitise.com. For views and
insights from the Monitise team about the world of Mobile Money,
visit www.monitise.com/insights and to find out more about
Monitise's mobile innovation and design studio, visit
www.monitisecreate.com.
Enquiries:
Investor Relations Tel: +44(0)20 3657
Richard Johnson, Michelle Singleton 0331
investorrelations@monitise.com
Media Relations
Gavin Haycock, Anna Howard Tel: +44(0)20 3657
press@monitise.com 0362
Moelis & Company
(Financial Adviser)
Mark Aedy, Elliot Richmond Tel: +44(0)20 7634
3500
Canaccord Genuity
(NOMAD)
Simon Bridges, Cameron Duncan
Tel: +44(0)20 7523
Brunswick 8000
Jonathan Glass, Andrew Garfield
Tel: +44(0)207
404 5959
This information is provided by RNS
The company news service from the London Stock Exchange
END
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