REG - Fonix Mobile PLC - AGM Statement

FonixAnnouncement

18/11/2021 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20211118:nRSR7400Sa&default-theme=true

RNS Number : 7400S  Fonix Mobile PLC  18 November 2021

18 November 2021

Fonix Mobile plc

("Fonix" or the "Company")

AGM Statement

Significant new partnerships and a positive start to new financial year

 

Fonix, the mobile payments and messaging provider is pleased to provide the
following update ahead of the Company's Annual General Meeting ("AGM"), to be
held at 3:00p.m. today.

Fonix has had a positive start to the financial year, in line with management
expectations, with highlights including new partnership agreements signed with
Venntro Media Group and a global payments platform provider. The partnership
with Venntro will see the roll-out of carrier billing into Venntro's 2,500+
white labelled dating sites. The partnership with the payments platform
partner will allow Fonix to provide carrier billing services to their
significant international customer base, increasing the Company's presence in
new territories.

In September, Fonix mobile payments made a significant contribution to the
£13m in charitable donations raised for ITV's Soccer Aid. This followed
£0.5m in mobile donations raised for The Ruth Strauss Foundation in August.
This week also sees Fonix once again power donations for BBC Children In Need
for the eighth consecutive year.

The business has progressed its planned investment in both technology and
sales, with several new hires, as the business looks to expand its client base
in core sectors whilst continuing to deliver new and enhanced products and
services.

With high levels of repeating revenue, significant new platform partnerships,
new supplier connections in international markets and a growing pipeline of
client prospects across all sectors, the Board continues to be confident in
the growth potential for Fonix for the rest of the financial year and beyond.

 

Enquiries

Fonix Mobile plc
 
Tel: +44 20 8114 7000

Robert Weisz, CEO

Michael Foulkes, CFO

 

finnCap Ltd (Nomad and
Broker)
Tel: +44 20 7220 0500

Jonny Franklin-Adams / Seamus Fricker (Corporate Finance)

Alice Lane / Sunila de Silva (ECM)

 

About Fonix

Founded in 2006, Fonix provides mobile payments and messaging services for
clients across media, telecoms, entertainment, enterprise and commerce.

When consumers make payments, they are charged to their mobile phone bill.
This service can be used for ticketing, content, cash deposits and donations.
Fonix's service works by charging digital payments to the mobile phone bill,
either via carrier billing or SMS billing. Fonix also offers messaging
solutions.

Based in London, Fonix is a fast growth business driven by blue chip clients
such as ITV, Bauer Media, BT, Global Media, Comic Relief and Children in Need
to name a few.

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  AGMEAXFXFASFFFA