Bango PLC

("Bango" or the "Company")

New CFO Appointment and Board Change

Cambridge, UK, 20 January 2025 - Bango (AIM: BGO) is pleased to announce that Matt Wilson has been appointed to the Board of Directors as Chief Financial Officer, with immediate effect, replacing Matt Garner who has today retired as CFO and from the Board of Directors.

In addition to this announcement, the Company has today issued an FY24 Trading Update (see "Trading Update" at www.bangoinvestor.com).

Matt Wilson brings 17 years of international corporate finance experience across various industries. Previously, he was Group CFO of TFG London, as well as CFO of AllSaints, in the retail and consumer sector. Prior to that, he spent his career in private equity and investment banking. He is a certified Associate Chartered Management Accountant and holds a Masters Degree in Physics from the University of Oxford.

Matt Garner will work to support a smooth transition to Matt Wilson over the coming months.

Paul Larbey, CEO of Bango commented: "I would like to thank Matt Garner for his hard work and valuable contribution over the past four years, during which Bango launched the Digital Vending Machine® and successfully acquired and integrated DOCOMO Digital. With the integration behind us and the DVM going from strength to strength, I am excited to welcome Matt Wilson to Bango. His extensive financial leadership experience and discipline will play a key role in the next phase of our growth journey".

Matt Wilson, newly appointed CFO of Bango commented: "I am thrilled to join Bango at such an exciting time. The Digital Vending Machine is a unique product in a fast-growing market that Bango is strongly positioned to lead."

Additional Information

Matthew Phillip Wilson (aged 38) is, or has been, a director or partner of the following companies or partnerships during the previous five years:

Matt Wilson was appointed as a director to each of All Saints Retail Limited and AllSaints USA Limited, on 4 April 2018 and 3 July 2019 respectively. He subsequently resigned as a director of both companies on 31 July 2021. In July 2020, All Saints Retail Limited and AllSaints USA Limited both approved corporate voluntary arrangements ("CVAs") due to the detrimental impacts of Covid-19 and the business interruption caused by associated lockdowns. The CVAs were subsequently completed in July 2023. Under the CVAs, the estimated return for creditors for both companies ranged from 3 pence to 100 pence in the pound depending on the category of creditor. All Saints Retail Limited and AllSaints USA Limited remain on the Register of Companies. 

Save as set out above, there are no disclosures in respect of the appointment of Matt Wilson to be made under paragraph (g) of Schedule Two of the AIM Rules for Companies.

ENDS

Contact Details:  

About Bango

Bango enables content providers to reach more paying customers through global partnerships. Bango revolutionized the monetization of digital content and services, by opening-up online payments to mobile phone users worldwide. Today, the Digital Vending Machine® is driving the rapid growth of the subscriptions economy, powering choice and control for subscribers. 

The world's largest content providers, including Amazon (NASDAQ: AMZN), Google (NASDAQ: GOOG) and Microsoft (NASDAQ: MSFT) trust Bango technology to reach subscribers everywhere.  

Bango, where people subscribe. For more information, visit www.bangoinvestor.com