REG - Bango PLC - Bango commences trading on OTCQX market in the US

BangoAnnouncement

01/03/2022 07:00

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RNS Number : 0880D  Bango PLC  01 March 2022

BANGO PLC

("Bango")

 

Bango commences trading on OTCQX Best Market in the United States

 

Bango (AIM: BGO; OTCQX: BGOPF), the global platform for data-driven
commerce, announces that it begins trading today in the United States on OTC
Markets Group's OTCQX Best Market ("OTCQX"), under the ticker symbol "BGOPF".
Bango's ordinary shares of 20 pence each ("Ordinary Shares") will continue to
trade on the AIM market of the London Stock Exchange plc ("AIM") under the
symbol "BGO".

In December 2021, Bango announced a change to its presentational currency to
US Dollars to reflect the growing proportion of business Bango is conducting
in the United States and to increase the appeal of Bango shares to a global
investor audience. Trading on OTCQX will further increase the visibility and
accessibility of Bango to North American investors. OTCQX supports more
transparent quotation and trading of Bango Ordinary Shares in US Dollars
during trading hours in the United States, allowing easier access for
investors who prefer securities that trade domestically in US Dollars.
Cross-trading on OTCQX is expected to widen Bango's investor base and has the
potential to increase liquidity in Bango's Ordinary Shares on AIM.

This action is not a capital raise, no new Ordinary Shares will be issued, and
Bango will continue to trade on AIM under the ticker symbol "BGO".

 

Paul Larbey, CEO of Bango, said: "To meet the increased interest from US
institutional and retail investors, we have taken the decision to launch on
OTCQX. The success of our payments business - particularly the recurring
revenues generated by our platform product - as well as in our unique purchase
behavior targeting technology, positions Bango strongly for continuing growth
across our markets. I am pleased that US investors can now more easily
participate in the Bango growth story."

 

Contact Details:

 

 Bango PLC                  FTI Consulting           Liberum Capital
 Tel. +44 1223 617387       Tel. +44 203 727 1000    Tel. +44 20 3100 2000

 E. investors@bango.com

 Paul Larbey, CEO           Rob Mindell              Cameron Duncan

 Matt Garner, CFO           Charlotte Stephen        James Greenwood

 Anil Malhotra, CMO                                  Ed Phillips

 Rebecca Jamieson, IR                                Will King

 

 

About Bango

 

The world's largest online merchants, including Amazon (NASDAQ: AMZN), Google
(NASDAQ: GOOG) and Microsoft (NASDAQ: MSFT), use Bango technology to acquire
more paying users.

 

Bango has developed unique purchase behavior technology that enables millions
more users to buy the products and services they want, using innovative
methods of payment including carrier billing, digital wallets and subscription
bundling. Bango harnesses this purchase activity into valuable marketing
segments, called Bango Audiences. Merchants use these audiences to target
their marketing at paying customers based on their purchase behavior. Better
targeting increases spend through the Bango payments business, in turn
generating more data insights, creating a powerful virtuous circle that drives
continuous growth. Everyone connected to the Bango Platform thrives as the
virtuous circle grows.

 

Bango, the technology behind every payment choice. For more information,
visit www.bangoinvestor.com (http://www.bangoinvestor.com/)  and follow our
twitter account @bangoinvestor

 

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