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BUZZ-Monitise: No longer up for sale, co-CEO Lukies to step down

Reuters - UK Focus

** Monitise Plc (LSE: MONI.L - news) 's shares down as much as 22.2 pct, after mobile-banking software maker says it is no longer looking to sell itself, and that co-CEO Alastair Lukies will step down

** Elizabeth Buse, who was hired from Visa Inc (Xetra: A0NC7B - news) to co-run Monitise in June, will become the sole CEO

** Co's stock is the second largest loser on London's FTSE AIM all-share index

** Shares (Berlin: DI6.BE - news) touch low of 14 pence, slipping well below mean TP of 45.57 pence analysts have on the stock, according to Reuters data

** Monitise provides software for mobile devices that allows clients of banks, including Royal Bank of Scotland (LSE: RBS.L - news) and Banco Santander (Amsterdam: SANT.AS - news) , to pay for goods and services

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** The stock has lost 10 pct since it put itself on the block in January, blaming changes in its business model for its third revenue warning in a year

** Four of the seven analysts covering the stock had a "strong buy" or "buy" rating on it before today's announcement, Reuters data shows (RM (LSE: RM.L - news) : esha.vaish.thomsonreuters.com@reuters.net)