Fonix Mobile PLC Directorate Change (8104P)
February 22 2021 - 1:00AM
UK Regulatory
TIDMFNX
RNS Number : 8104P
Fonix Mobile PLC
22 February 2021
22 February 2021
Fonix Mobile plc
("Fonix" or the "Company")
Directorate Change
Fonix, the UK focused mobile payments and messaging company, is
pleased to announce the appointment of Michael Foulkes as CFO.
Michael is a chartered accountant with over 13 years working in
senior finance roles for some of Europe's most successful
technology businesses, including Mobile Interactive Group ("MIG"),
previously one of Europe's largest mobile payments business. MIG
was subsequently acquired by Velti, a Nasdaq listed mobile
marketing business, where Michael continued in senior finance
roles. Since, his most recent CFO role was over 4 years at the
venture backed Black Swan Data.
Michael will succeed Rupert Horner as a full time Chief
Financial Officer of the Company on 29 March 2021. Mr Horner was
appointed to the Board to assist with the Company's admission to
AIM in October 2020. Whilst Mr Horner steps down from the Board, he
remains a very supportive shareholder in the Company.
Rob Weisz, CEO, commented: "Michael comes with a wealth of
experience in the mobile payments and technology sector having had
previous senior finance roles at Mobile Interactive Group, Velti
and Black Swan Data. We would like to thank Rupert for his
contribution as CFO and in particular for his assistance during the
Company's successful admission onto AIM."
Enquiries
Fonix Mobile plc Tel: +44 20 8114
Robert Weisz, CEO 7000
Rupert Horner, CFO
Tel: +44 20 7220
finnCap Ltd (Nomad and Broker) 0500
Jonny Franklin-Adams / Giles Rolls (Corporate
Finance)
Alice Lane / Sunila de Silva (ECM)
About Fonix
Fonix is a UK focused mobile payments and messaging company,
enabling businesses to charge users' mobile bills and send users
SMSs via their mobile carrier.
Founded in 2006, Fonix allows mobile carriers to provide
additional services in the form of carrier billing, SMS billing,
messaging and voice shortcodes. Fonix has over 120 clients
including ITV, Bauer Media, BT, Global Radio and BBC Children in
Need across a range of multi-billion pound sectors such as media,
gaming, charity, ticketing and digital services. Fonix offers
clients access to the customer base of the mobile carriers.
Fonix is headquartered in London and currently has a UK focused
strategy, differentiating it from its competitors by allowing it to
focus on high quality revenues in mature and highly regulated
market sectors. It is a tier 1 aggregator with direct technical
connections to all of the major UK MNOs, some of whose contracts
have been in place for over 10 years. The long-term nature of these
contracts has resulted in Fonix gaining access to over 95 per cent.
of the UK mobile consumer audience and a strong reputation in the
market.
The following information is disclosed in accordance with
Schedule 2(g) of the AIM Rules for Companies in connection with the
appointment of Michael Foulkes to the Board of the Company as a
Chief Financial Officer:
Full name: Michael Andrew Foulkes
Age: 35 years
As at the date of this announcement Michael holds no ordinary
shares in the Company.
Directorships/Partnerships:
Current Previous
Quarter One Finance Limited none
Scale Accountants Limited
Charter House Homes Limited
---------
Save as disclosed above, there are no further disclosures
required to be made in respect of the appointment of Michael
Foulkes under Schedule 2(g) or Rule 17 of the AIM Rules for
Companies.
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it
forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with
the company's obligations under Article 17 of MAR.
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END
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