AIM-listed MobileWave Group Plc ("MobileWave"), a global
mobile marketing, loyalty and technology company, today
announced that the £2 million convertible preference share
issue, approved by a shareholder resolution on
31st May 2011, has now been fully
subscribed.
MobileWave expects to receive the final commitment to the
convertible preference share issue, amounting to US$2
million, by the last half of February 2012. Receipt of the
balance of the committed funds enables MobileWave to finance
the first tranche of its acquisition of Ariose Software Pvt
Ltd ("Ariose"), as announced on 12 December 2011. Ariose is a
global mobile application design and technology solutions
company developing innovative applications for leading
brands. MobileWave will leverage Ariose's proprietary award
winning technologies and resource capabilities, thereby
assisting its clients by servicing all aspects of the mobile
customer lifecycle. Popular product solutions include Event
Apps for large public attraction events, Mobile Tracker for
businesses on the move, and Community Apps to enable
connectivity and information sharing within social networks.
The acquisition allows MobileWave to bring world-class
technical expertise and skills in-house, while at the same
time strengthening the senior management team.
In addition a proportion of the funds raised will also be
invested in further developing the
company's operations, including the sales and marketing
functions.
Rory Stear, Executive Chairman, MobileWave Group plc
commented: "This is a significant milestone in the company's
history. As well as giving our shareholders confidence,
significantly, today's announcement further enables us to
build the business and in doing so, sets us on the right path
to becoming a leading global mobile relationship management
and solutions partner of choice."
MobileWave is a mobile loyalty and technology company
enabling customers and fans to engage, earn points and
rewards, and share updates from their local brand. MobileWave
offers integrated service modules that enable brands and
customers to Find and Engage with each other, exchange
loyalty building Rewards, Share offers across social media,
receive Targeted coupons and promotions leveraging powerful
user Analytics, CR Codes and vouchers.
- Ends -
Caroline Hole-Jones 01225 318000
The Splash Partnership caroline.hole-jones@tsplashp.com
MobileWave Group plc rstear@mobilewave.com
Rory Stear, Chairman
Charles Stanley Securities 020 7149 6000
Nominated Adviser & Broker carl.holmes@csysecurities.com
Dugald J.Carlean / Carl Holmes
distribué par | Ce noodl a été diffusé par MobileWave Group plc et initialement mise en ligne sur le site http://www.mobilewave.com. La version originale est disponible ici. Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2012-01-25 15:43:49 PM et restera accessible depuis ce lien permanent. Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité. |
Documents associés | |
MobileWave announces that £2 million convertible preference share issue is now fully subscribed |