REG - Fonix Mobile PLC - AGM Statement

FonixAnnouncement

14/11/2023 07:15

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RNS Number : 3044T  Fonix Mobile PLC  14 November 2023

14 November 2023

Fonix Mobile plc

("Fonix" or the "Company")

AGM Statement

Positive start to new financial year with strong growth in both the UK and
Ireland

 

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 9:00a.m. today.

Fonix has had a positive start to the financial year, comfortably in line with
expectations, with strong income growth from new and existing media clients in
both the UK and Ireland. This week will see Fonix once again power donations
for BBC Children In Need for the tenth consecutive year.

The business has continued to progress its planned investment in both
technology and exploring new international markets, as the business looks to
expand its market reach whilst continuing to deliver new and enhanced products
and services.

With high levels of repeating revenue and a strong, expanding run-rate from
key clients, 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

 

Cavendish Capital Markets Limited (Nomad and
Broker)                                  Tel: +44 20
7220 0500

Jonny Franklin-Adams / Seamus Fricker (Corporate Finance)

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, RTÉ, Global Media, Comic Relief and Children in
Need to name a few.

 

 

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