I dismissed this company as froth when I first looked at it. Since then the sp has doubled and continues to steadily rise. I looked again and when I saw the countries and contracts this firm is in---I was impressed and bought some to tuck away. anyone else bought in or interested?

CASH OFFER for MONITISE PLC by FISERV UK LIMITED
an indirect wholly-owned subsidiary of Fiserv, Inc.
Summary

● The Boards of Fiserv, Inc. ("Fiserv") and Monitise plc ("Monitise") are pleased to announce that they have reached agreement on the terms of a recommended cash offer to be made by Fiserv UK Limited ("Bidco") (an indirect wholly-owned subsidiary of Fiserv) for the entire issued and to be issued ordinary share capital of Monitise (the "Acquisition"). It is intended that the Acquisition will be implemented by way of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act.

● Under the terms of the Acquisition, each Monitise Shareholder will be entitled to receive: 2.9 pence in cash per Monitise Share (the "Offer Price")

● The Offer Price values the entire issued and to be issued ordinary share capital of Monitise at approximately £70 million and represents a premium of approximately:

- 26.1 per cent. to the Closing Price of 2.30 pence per Monitise Share on 12 June 2017 (being the last Business Day prior to this announcement);

- 24.2 per cent. to the volume weighted average Closing Price of 2.34 pence per Monitise Share for the three month period to 12 June 2017 (being the last Business Day prior to this announcement); and

- 53.5 per cent. on a cash adjusted basis as at 12 June 2017 (being the last Business Day prior to this announcement), adjusted for reported 31 December 2016 cash balances of £27.3m.

● The Monitise Directors, who have been so advised by Canaccord Genuity as to the financial terms of the Acquisition, consider the terms of the Acquisition to be fair and reasonable. In providing its advice, Canaccord Genuity has taken into account the commercial assessments of the Monitise Directors. Accordingly, the Monitise Directors intend unanimously to recommend that Monitise Shareholders vote in favour of the Scheme at the Court Meeting and the Resolutions to be proposed at the General Meeting as the Monitise Directors have irrevocably undertaken to do in respect of their own beneficial holdings of 3,584,326 Monitise Shares (representing, in aggregate, approximately 0.15 per cent. of the Monitise Shares in issue on 12 June 2017 (being the last Business Day prior to this Announcement)). Full details of the irrevocable undertakings received by Fiserv and Bidco are set out in Appendix III to this Announcement.

● Fiserv is a leading global provider of financial services technology, helping over 12,000 clients worldwide achieve best-in-class results by driving quality and innovation in payments, digital banking, processing services, risk and compliance, customer and channel management, and insights and optimization. Fiserv is publicly traded on the NASDAQ Global Select Market and part of the S&P 500 Index. Fiserv has been named among the FORTUNE Magazine World's Most Admired Companies® for four consecutive years, ranking first in its category for innovation in 2016 and 2017. Fiserv is headquartered in the United States and has approximately 23,000 employees in over 100 cities around the world.

I guessed this was a dud for some time once the Co blather was found out.
They had great ideas with little to show for it . . . so, I'm surprised anyone sees value, but maybe it would have been nicer to have had the money stolen( in the first place,) . . . rather than employ the board of duds at full-pay..... while the sp slid from abt 50p to about 2.5p. . . . that's a 20 Lagger
Plus, telling investors now, the OFFER is at a premium to the fire-sale value... really is Salt-in-Wounds time.... IMHO.
I suspect, but don't know, the Offer is to mop-up any patents that might prove "difficult" some years down the line - and has nothing to do with wanting to recreate the MONI business model. What is surprising that the total value of MONI is so high - for a business that's has proven to be generously poor shall we say?
Grr.
EDIT-(21Sept2017)-As you say Done and Dusted... but we were being told they had a future and must have convinced that nice lady, ex-VIAS ( or was she a "plant I wonder?" - but they must have been a grubby lot to sell-out for next to zippo. I guess they really didn't know the Credit-card Market and prob had little grip on the digits too.

Once American Express pulled out and went there own way, the writing was on the wall, imo. Shame I didn't see that quite a while ago!
At least I have got some money back. I was expecting it all to go down the pan!

Increased and Final Offer
The boards of Fiserv and Monitise are today pleased to announce that they have agreed the terms of an increased and final recommended cash offer for Monitise to be made by Bidco, to be effected by means of a scheme of arrangement under Part 26 of the Companies Act (the "Increased and Final Offer").

Under the terms of the Increased and Final Offer, each Monitise Shareholder will be entitled to receive:

3.1 pence in cash per Monitise Share (the "Increased and Final Offer Price")

The Increased and Final Offer Price values the entire issued and to be issued share capital of Monitise at approximately £75 million and represents a premium of approximately:

· 34.8 per cent. to the Closing Price of 2.30 pence per Monitise Share on 12 June 2017 (being the last Business Day prior to the Initial Offer Announcement);

· 32.8 per cent. to the volume-weighted average Closing Price of 2.34 pence per Monitise Share for the three month period ended 12 June 2017 (being the last Business Day prior to the Initial Offer Announcement); and

· 59.6 per cent. on a cash adjusted basis to the Closing Price of 2.30 pence per Monitise Share on 12 June 2017 (being the last Business Day prior to the Initial Offer Announcement), adjusted for reported 30 June 2017 cash balances of £22.2 million.

The financial terms of the Increased and Final Offer are final and will not be increased, except that Bidco reserves the right to increase the amount of the offered price if there is an announcement on or after the date of this announcement of an offer or possible offer for Monitise by a third party offeror or potential offeror.

NOTICE OF CANCELLATION OF ADMISSION TO TRADING ON AIM

MONITISE PLC

At the request of the company trading on AIM for the under-mentioned securities has been cancelled from 04/09/2017 7:00am.


ORDINARY SHARES OF 1P EACH, FULLY PAID
(B1YMRB8)(GB00B1YMRB82)

If you have any queries or require further information, please contact the company's nominated adviser on +44 20 7523 8000.