Source - LSE Regulatory
RNS Number : 4784Z
MobilityOne Limited
21 May 2021
 

21 May 2021

MobilityOne Limited

("MobilityOne", the "Company" or the "Group")

 

Statement re. share price movement

 

MobilityOne (AIM: MBO), the e-commerce infrastructure payment solutions and platform provider, notes today's movement in its share price. The Company has earlier today announced that it has received a license from MasterCard Asia/Pacific Pte Ltd for MobilityOne Malaysia, its wholly owned subsidiary in Malaysia, to issue MasterCard prepaid cards in Malaysia and that SWIFT has permitted MobilityOne Malaysia to join its network. This notification was non-regulatory and released by the Company via Reach.

 

Whilst the Company is pleased with these developments, the Directors do not anticipate any significant revenue or earnings contribution from either of these arrangements in the current financial year. Transactions with MasterCard and SWIFT are expected to commence in the 4th quarter of this year and are subject to approval from the Central Bank of Malaysia. As such the Company does not anticipate that these developments will have a material impact or contribution to the current growth prospects of the Group.

 

The Company confirms that there is no other information that is required to be notified at the current time. The Board of MobilityOne knows of no other reason for the share price movement. 

 

-ends

For further information, contact:

 

MobilityOne Limited                                                               +6 03 89963600

Dato' Hussian A. Rahman, CEO                                              www.mobilityone.com.my

har@mobilityone.com.my

 

Allenby Capital Limited (Nominated Adviser and Broker)      +44 20 3328 5656

Nick Athanas

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
SPMDKDBBBBKDAPB
Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account. AJBell logo

Related Charts

Mobilityone Limited (MBO)

0p (0.00%)
delayed 16:57PM