Monitise PLC Directorate Change (8052I)
March 30 2015 - 2:02AM
UK Regulatory
TIDMMONI
RNS Number : 8052I
Monitise PLC
30 March 2015
MONITISE plc
Directorate Change
30 March, 2015, London UK - Monitise plc (LSE: MONI) announces
that Non-Executive Director, Tom Houghton, has stepped down from
the Board of Directors, with effect from 29 March 2015.
During the recent Strategic Review, to avoid any possible
conflicts of interest, it was necessary for Tom, as Visa Europe's
Board representative, to recuse himself from Board discussions. In
order to avoid any such issues recurring, Monitise and Visa Europe
have agreed that Tom should step down.
Visa Europe continues to have a strong relationship with
Monitise and today's announcement does not affect the contractual
arrangements between Monitise and Visa Europe. The three-year
commercial agreement signed between Visa Europe and Monitise in
2013 is unaffected.
Commenting on today's announcement, Nicolas Huss, CEO Visa
Europe and Peter Ayliffe, Chairman of Monitise, said: "We both
believe our commercial interests are now better served without a
Board position."
Peter Ayliffe added: "The Board of Monitise would like to thank
Tom for his significant contribution to the business during his
time on the Board."
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
Canaccord Genuity
(NOMAD)
Simon Bridges, Cameron Duncan Tel: +44(0)20 7523
8000
Brunswick
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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