Oct 31 (Reuters) - Moneyme Ltd (MME) :
- REFERS TO MEDIA ARTICLE ON POTENTIAL DEAL
- INITIATED PROCESS TO IDENTIFY ALTERNATIVE CAPITAL SOLUTIONS TO PRIMARILY FUND GROWTH PLAN FOR ITS AUTOPAY PRODUCT
- PROCESS IS AT PRELIMINARY STAGE AND NO SPECIFIC TRANSACTION IS BEING NEGOTIATED
- HAS ENGAGED AN INVESTMENT BANK TO ASSIST WITH GROWTH CAPITAL STRATEGY
- NO CERTAINTY THAT ANY TRANSACTION WILL EVENTUATE
- SAYS MEDIA REPORT THAT MONEYME HAS VIRTUALLY STOPPED LENDING AS RESULT OF BORROWING COSTS MAKING BUSINESS UNECONOMICAL IS NOT CORRECT
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