Combining the two companies will give Monitise, whose head office will stay in
London, access to more than 13m registered end consumers at banks including
Lloyds TSB in the UK and PNC Bank in the US.

Mr Lukies confirmed to The Sunday Telegraph that it was looking for
bankers: “We’re looking for advisers that empathise with our growth story,
and not just those looking for fees.”

But he stressed that a possible decision on changing its listing would only be
made once the acquisition had completed and at a meeting of the full board.

“We haven’t rushed anything,” he stressed, with sources indicating that the
decision to move, were it to be taken, may not come until next year.