Monitise has been notified by Visa Europe that it will reduce its shareholding over time while continuing to work with the Company throughout the duration of its current commercial agreement.
Visa Europe has been a beneficial shareholder in Monitise since October 2011. Visa
Europe currently holds 115,750,000 shares, which represents 5.3% of Monitise’s issued share capital.
Monitise and Visa Europe will continue to work together on a number of projects and services under the three-year commercial agreement which runs until 31 March 2016. Both parties look forward to working together for the duration of this commercial agreement and will assess on an ongoing basis opportunities to work together in future.