REG - Bango PLC - Directorate Change

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RNS Number : 7038L  Bango PLC  06 June 2025

Bango PLC

 

("Bango" or the "Company")

 

Directorate Change

 

 

Cambridge, UK, 06 June 2025 - Bango, today announces that Anil Malhotra and
Frank Bury will not seek re-election to the Board at the Company's 2025 Annual
General Meeting ("AGM") on 30 June 2025. Anil and Frank will formally step
down from the Board at the conclusion of the AGM.

 

Anil Malhotra will change from his role as Chief Marketing Officer to take on
a new role, focusing on guiding Telcos and other resellers to integrate their
AI strategies with the Digital Vending Machine® (DVM(TM)) platform, creating
significant extra value for their customers.

 

Ray Anderson, Executive Chair, said: "On behalf of the Board I would like to
thank Anil and Frank for their outstanding commitment and invaluable
contributions to the Board. Frank brought extensive financial industry
experience and has provided excellent guidance and counsel to Bango. Anil's
passion and skill in communicating the Bango vision won us support from the
world's biggest internet companies and has enabled Bango to create a unique
market presence with the Digital Vending Machine. His background in AI
positions us well to help Telcos use AI to extract value from the data that
only the DVM can collect."

 

Anil Malhotra added: "Bango has been a remarkable journey that started when
Ray and I founded the business in 1999.  My focus moving forward is to enable
Bango, our customers and partners to unlock tremendous value through AI from
the DVM platform's unique position at the center of the global subscription
ecosystem."

 

This announcement contains inside information for the purposes of article 7 of
the Market Abuse Regulation (EU) 596/2014 which is part of UK law by virtue of
the European Union (Withdrawal) Act 2018. The person responsible for arranging
release of this announcement on behalf of Bango is Paul Larbey, Chief
Executive Officer.

 

ENDS

 

 

Engage with the Bango management team directly by asking questions, watching
video
summaries and seeing what other shareholders have to say. Navigate to
our interactive Investor hub here: https://bangoinvestor.com/link/8r6N0r

For further information, please contact:

 

 Investor questions on this announcement                                      https://bangoinvestor.com/link/8r6N0r

 We encourage all investors to share questions on this announcement via our
 investor hub
 Bango PLC                                                                    +44 1223 617 387

 Paul Larbey, CEO

 Matt Wilson, CFO
 Singer Capital Markets (Nominated Adviser and Broker)                        +44 20 7496 3000

 Jen Boorer

 Asha Chotai

 

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About Bango

 

Bango enables content providers to reach more paying customers through global
partnerships. Bango revolutionized the monetization of digital content and
services, by opening-up online payments to mobile phone users worldwide.
Today, the Digital Vending Machine(®) is driving the rapid growth of the
subscriptions economy, powering choice and control for subscribers.

 

The world's largest content providers, including Amazon (NASDAQ: AMZN), Google
(NASDAQ: GOOG) and Microsoft (NASDAQ: MSFT) trust Bango technology to reach
subscribers everywhere.

 

Bango, where people subscribe. For more information,
visit www.bangoinvestor.com (http://www.bangoinvestor.com/)

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