BANGO PLC

Director's Dealing • Jan 24, 2018

National Storage Mechanism | Additional information

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RNS Number : 8129C

Bango PLC

24 January 2018

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION 596/2014 ("MAR"). IN ADDITION, MARKET SOUNDINGS (AS DEFINED IN MAR) WERE TAKEN IN RESPECT OF CERTAIN OF THE MATTERS CONTAINED IN THIS ANNOUNCEMENT, WITH THE RESULT THAT CERTAIN PERSONS BECAME AWARE OF SUCH INSIDE INFORMATION, AS PERMITTED BY MAR. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS SHALL THEREFORE CEASE TO BE IN POSSESSION OF INSIDE INFORMATION.

BANGO PLC

Directors Subscription

Further to the announcement released earlier today regarding, inter alia, the acquisition of 98.45 per cent. of Audiens and a placing to raise £5 million (the "Placing and Acquisition") Bango plc (AIM: BGO) ("Bango"), the mobile payments company, is pleased to confirm that Ray Anderson and Anil Malhotra, Chief Executive Officer and Chief Marketing Officer of Bango respectively have confirmed their subscription to acquire an additional 5,556 new Ordinary Shares each (a total of 11,112 Ordinary Shares "the Director Subscription Shares") at a price of 180 pence per share to raise a total of £20,000 for Bango (the "Subscription").

Accordingly, the total amount raised by way of the Placing and Subscription is £5.02 million (before expenses) through the issue of 2,788,890 Ordinary Shares at the Placing Price.

Ray Anderson now holds a total of 6,572,816 Ordinary Shares in Bango, representing 9.4 per cent. of the issued share capital following the Placing and Acquisition and Anil Malhotra now holds a total of 3,982,371 Ordinary Shares in Bango, representing 5.7 per cent. of the issued share capital following the Placing and Acquisition.

As previously announced earlier today, 521,803 Consideration Shares were issued to the Sellers of Audiens.

Application has been made to the London Stock Exchange plc for the Placing Shares, Consideration Shares and Director Subscription Shares (together, the "New Ordinary Shares") to be admitted to trading on AIM. It is expected that the Placing will become unconditional, that admission to AIM will become effective and that dealings will commence on 29 January 2018. The New Ordinary Shares will be credited as fully paid and rank pari passu with the existing Ordinary Shares in the capital of Bango. The total issued share capital of Bango, as increased by the New Ordinary Shares, immediately following Admission will be 69,773,683 Ordinary Shares.

All capitalised terms in this announcement have the same meaning as the announcement of the Placing and Acquisition released earlier today.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Ray Anderson

2.

Reason for the Notification

a)

Position/status

Chief Executive Officer

b)

Initial notification/amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Bango plc

b)

LEI

4.

Details of the transaction(s):section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv)each place where transactions have been conducted

a)

Description of the Financial instrument, type of instrument

Ordinary shares of £0.2 each

Identification code

GB00B0BRN552

b)

Nature of the Transaction

Placing for cash

c)

Price(s) and volume(s)

Price(s)	Volume(s)
180p	5,556

d)

Aggregated information

Aggregated volume Price

N/A (Single transaction)

e)

Date of the transaction

24 January 2018

f)

Place of the transaction

London Stock Exchange, AIM (LON:NGR)

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Anil Malhotra

2.

Reason for the Notification

a)

Position/status

Chief Marketing Officer

b)

Initial notification/amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Bango plc

b)

LEI

4.

Details of the transaction(s):section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv)each place where transactions have been conducted

a)

Description of the Financial instrument, type of instrument

Ordinary shares of £0.2 each

Identification code

GB00B0BRN552

b)

Nature of the Transaction

Placing for cash

c)

Price(s) and volume(s)

Price(s)	Volume(s)
180p	5,556

d)

Aggregated information

Aggregated volume Price

N/A (Single transaction)

e)

Date of the transaction

24 January 2018

f)

Place of the transaction

London Stock Exchange, AIM (LON:NGR)

For further information, please contact:

Bango plc
Ray Anderson, CEO	+44 3330 770 247
Rachel Elias-Jones, CFO
Anil Malhotra, CMO
Cenkos Securities plc
Beth McKiernan / Neil McDonald	+44 131 220 6939
FTI Consulting
Matt Dixon / Rob Mindell	+44 203 727 1000

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014 until the release of this announcement.  

About Bango

Bango is the standard platform chosen by leading global stores to deliver mobile payments to everyone. As the next billion consumers adopt their first smartphone and look for universal payment methods, Bango will be there to unlock the world of apps, video, music, games and other content that brings those smartphones to life. Global stores plugging into the Bango Payment Platform include Amazon (NASDAQ: AMZN), Google (NASDAQ: GOOG), Samsung (005930: Korea SE) and Microsoft (NASDAQ: MSFT). Bango also partners with leading payment providers around the world to drive new users and revenues through its industry-leading mobile payment solutions. For more information, visit www.bango.com.

This information is provided by RNS

The company news service from the London Stock Exchange

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