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MoPowered Group PLC  -  MPM   

Result of AGM

Released 11:18 06-Jun-2014

RNS Number : 0441J
MoPowered Group PLC
06 June 2014

For immediate release

6 June 2014



("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.




For further information;


020 3242 0515

Dominic Keen


Ben Carswell




N+1 Singer:

020 7496 3000

  Gillian Martin

Shaun Dobson





020 7466 5000

  Charles Ryland


  Sophie McNulty


  Clare Akhurst



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.


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Result of AGM - RNS