Statement re Share Price Movement

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 4 ^th  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     [phone]

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

[e-mail]

Allenby Capital Limited (Nominated Adviser and Broker)  [phone]

Nick Athanas

 

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