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Company MoPowered Group PLC
TIDM MPOW
Headline

Result of AGM

Released 11:18 06-Jun-2014
Number 0441J11

RNS Number : 0441J
MoPowered Group PLC
06 June 2014
 



For immediate release

6 June 2014

 

MOPOWERED GROUP PLC

("MoPowered" or "the Group")

Result of AGM

MoPowered (AIM: MPOW), the mobile commerce specialist, is pleased to announce that all resolutions put to Shareholders at its Annual General Meeting held today were duly passed.

 

Ends

 

For further information;

MoPowered:

020 3242 0515

Dominic Keen

 

Ben Carswell

 

 

 

N+1 Singer:

020 7496 3000

  Gillian Martin

Shaun Dobson

 

 

 

  Buchanan:

020 7466 5000

  Charles Ryland

 

  Sophie McNulty

 

  Clare Akhurst


 

NOTES TO EDITORS

MoPowered is a 'Software-as-a-Service' ('SaaS') platform, launched in March 2012, which works with businesses of all sizes, to automate websites and enable mobile commerce. Key distribution partnerships with PayPal, WorldPay and MasterCard enable the Group to access the majority of UK merchants.

The software platform allows automated development of mobile sites rather than custom deployment with the corresponding time and cost advantages. The commercial model is predominantly based on long-term contracted, recurrent revenues.

MoPowered is well positioned to capitalise on the new types of shopping opportunities created by mobile devices.  Retailers face significant challenges and are therefore outsourcing to expert mobile partners such as MoPowered.  Management believes that half of the e-commerce market has online sales of less than £20m per annum and SaaS solutions are likely to be the best economic alternative for these merchants.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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Result of AGM - RNS