RNS Number : 7681Q
BNN Technology PLC
02 December 2016
 

2nd December 2016

BNN Technology plc
("BNN Technology" or the "Company")

Change of FTSE Industry Classification Benchmark (ICB)

 

BNN Technology plc (AIM: BNN), the London-listed Chinese technology, content and services company, is delighted to announce that FTSE Russell has confirmed that BNN's FTSE Industry Classification Benchmark will change from "Gambling" (ICB Subsector Code 5752) to "Internet" (ICB Subsector Code 9535).

The change in industry classification appropriately reflects BNN's current business model and will be effective as of Monday 19 December 2016.

 

For further information, please contact:

 

BNN Technology

Scott Kennedy, Chief Financial Officer

Strand Hanson Limited (Nominated Adviser)

Andrew Emmott / Ritchie Balmer

Brunswick Group

 

+44 (0)156 587 2990

 

+44 (0) 20 7409 3494

 

+44 (0)207 404 5959

Brian Buckley / Diana Vaughton

 

 

 

About the Group

BNN Technology plc is a Chinese technology, content and services company that builds long-term partnerships to deliver China's citizens with value-added services, content and evolving opportunities.

Listed on AIM since 2014, the Group principally engages in providing technology to partners to facilitate fulfilment of payments online and on mobile apps through partnerships or affiliate agreements with corporate and key government partners, and, developing digital content, both online and mobile. Through its partnership with Xinhuatong, BNN facilitates mobile payments and other key services on the Xinhua News mobile app in 12 provinces in China. The Chinese consumer shift to 'life on mobile' is only just beginning and BNN's platform technology enables urban and rural communities across China to access exclusive content and pay for more services online.

The Group employs nearly 300 professionals throughout China

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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