REG - Bango PLC - Change in Presentational Currency

BangoAnnouncement

16/12/2021 07:00

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RNS Number : 8140V  Bango PLC  16 December 2021

Bango PLC

Change in Presentational Currency

 

Bango (AIM: BGO), the global platform for data-driven commerce, announces it
will change its presentational currency from Pounds Sterling to US Dollars
(USD) effective 31 December 2021.

 ·      Bango has a global customer base with a fast-growing platform
 business in the United States and in other countries with USD linked
 currencies.
 ·      Bango Audiences, sold in USD, are an increasing proportion of
 revenue.
 ·      The US is the home to the world's largest ecommerce businesses,
 many of which rely on the Bango platform.

 

Commenting on the decision to report in USD, Bango CFO, Matt Garner, said:
"The change in presentational currency provides improved transparency on
Bango's performance for partners and shareholders, as well as increasing the
understanding and appeal of Bango to a global investor audience."

The trading update for the twelve months ending 31 December 2021 (FY 2021),
expected to be released in January 2022, will include condensed, consolidated
USD financial information for FY21 and FY20. In accordance with the relevant
accounting standards, comparative historic financial information for FY 2020
will be published in USD alongside the full FY 2021 results in March 2022.

 

Contact Details:

 

 Bango PLC                  FTI Consulting           Liberum Capital
 Tel. + 441223 617 387      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         Gregory Hynes            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.bango.com.

 

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