Fonix Mobile PLC AGM Statement (3044T)
14 November 2023 - 6:00PM
UK Regulatory
TIDMFNX
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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END
AGMEAEFDFSPDFAA
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