REG - MobilityOne Limited - Update in relation to Annual Report and Accounts

MobilityOneAnnouncement

31/07/2024 09:00

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RNS Number : 5664Y  MobilityOne Limited  31 July 2024

 

31 July 2024

MobilityOne Limited

("MobilityOne", the "Company" or the "Group")

 

Update in relation to the publication of Annual Report and Accounts

 

MobilityOne (AIM: MBO), the e-commerce infrastructure payment solutions and
platform provider, provides the following update in relation to its annual
report and accounts for the year ended 31 December 2023 ("FY 2023").

 

On 27 June 2024 the Company announced, amongst other matters, that the
preparation of the Company's financial statements for FY 2023 has been ongoing
and that the Company expects the accounts to be published by the end of July
2024. While the Company has made substantial progress in relation to the
preparation of its financial statements for FY 2023 and is nearing completion
of the audit process, the finalisation of the audited accounts remains
ongoing. In particular, further work is needed to be completed in connection
with the audit of the Company's 49% interest in Sincere Acres Sdn Bhd, which
will be held as an associated company on the Group's balance sheet.

 

Accordingly, the Company now anticipates publishing its FY 2023 accounts in
August 2024.

 

The Company's ordinary shares remain suspended pending publication of the
audited FY 2023 annual accounts.

 

For further information, please contact:

 

MobilityOne
Limited
+6 03 89963600

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

har@mobilityone.com.my

 

Allenby Capital Limited

(Nominated Adviser and
Broker)                                                        +44
20 3328 5656

Nick Athanas / Vivek Bhardwaj

 

About the Group:

 

MobilityOne is one of the leading virtual distributors of mobile prepaid
reload and bill payment services in Malaysia. With connections to various
service providers across industries such as banking, telecommunications,
utilities, government agencies, and transportation, the Group operates through
multiple distribution channels including mobile wallets, e-commerce sites, EDC
terminals, automated teller machines, kiosks, and internet & mobile
banking. Holding licenses in regulated spaces including acquiring, e-money,
remittance and lending, the Group offers a range of services to the market,
including wallet, internet, and terminal-based payment services, e-money,
remittance, lending, and custom fintech ecosystems for communities. The
Group's flexible, scalable technology platform enables cash, debit card, and
credit card transactions from multiple devices while providing robust control
and monitoring of product and service distribution.

 

For more information, refer to our website at www.mobilityone.com.my
(http://www.mobilityone.com.my)

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