Fonix Mobile PLC AGM Statement (7400S)
18 November 2021 - 6:00PM
UK Regulatory
TIDMFNX
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 GBP13m in charitable donations raised for ITV's
Soccer Aid. This followed GBP0.5m 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.
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END
AGMEAXFXFASFFFA
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