REG - Fonix PLC - AGM Statement

FonixAnnouncement

19/11/2024 07:00

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RNS Number : 6720M  Fonix PLC  19 November 2024

19 November 2024

Fonix plc

("Fonix" or the "Company")

AGM Statement

Positive start to new financial year in line with expectations

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, in line with
expectations, across both the UK and Ireland. At the same time, the Company is
progressing well with its plans to roll out interactive services with a number
of broadcasters in Portugal in early 2025.

With high levels of repeating revenue and a strong 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 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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