- Acquisition of Audiens to accelerate data monetization business
- Placing of £5 million to fund Acquisition
- Expected to add to group Revenue immediately and boost 2019 profit
- Benefits for Bango Customers and mobile operator partners
Bango announces a placing of 2,777,778 new ordinary shares (the “Placing Shares”) at a price of 180 pence per share (the “Placing Price”) to raise £5 million (the “Placing”). In addition, Bango announces that it has acquired 98.45 per cent. of Audiens SRL (“Audiens”), the data management subsidiary of Digitouch S.p.A (DGT:Borsa Italiana) (” Digitouch”), from Digitouch, Marko Maras, Sodapao S.R.L., My Draco S.R.L. and Fabrizio Ampollini (together the ” Sellers ” ) (the “Acquisition”). The Acquisition is not conditional on admission of the Placing Shares to the AIM market. The Placing and Acquisition are intended to enable Bango to capitalize on demand for the valuable data it generates through its existing operations and to enable the Bango Platform to provide additional value to the rapidly-growing mobile advertising market.
Read the full announcement – Placing and Acquisition
Bango is holding a Strategy Day today at a central London venue. For further information, or to register attendance, please email email@example.com.
You can view the Bango Strategy Day presentation here.