Final Results -2017 Annual Report & Notice of AGM

RNS Number : 2200J

D4T4 Solutions PLC

27 June 2017

 

'ALL ABOUT THE DATA'

D4t4 Solutions Plc

 (the "Group" "Company" or "D4t4")

Final Results for the year ended 31st March 2017

and Notice of Annual General Meeting

"31.7% increase in PBT delivers 31.2% increase in diluted EPS and 12.5% increase in 2017 dividends"

"48.8% growth in Celebrus sales; geographical reach and business diversity key to our future growth"

London: Tuesday 27 June 2017 D4t4 Solutions Plc (AIM: D4T4) publishes the Group's Annual Report & Accounts for the year ended 31st March 2017 and, a summary is provided below.  The Chairman's letter and financial statements for the year ended 31st March 2017 can be read through the following link, http://www.rns-pdf.londonstockexchange.com/rns/2200J_-2017-6-26.pdf

Financials (audited)	Year ended 31 March 2017	Year ended 31 March 2016	Year on year growth
Revenue
Licence sales Projects Recurring income	£3.71m £9.47m £4.49m	£2.97m £10.67m £4.97m	+24.9% -11.2% -9.7%
Total revenue	£17.67m	£18.61m	-5.0%
Gross profit	£9.86m	£9.21m	+7.1%
GP margin	55.82%	49.52%	+6.30bps
Profit before tax	£4.24m	£3.22m	+31.7%
Adjusted* profit before tax	£4.22m	£3.50m	+20.6%
Basic earnings per share	10.49p	8.17p	+28.4%
Diluted earnings per share	10.02p	7.64p	+31.2%
Adjusted* earnings per share	9.97p	8.24p	+21.0%
Dividend for the period	2.25p	2.00p	+12.5%
Strong cash generation - gross cash position	£6.29m	£5.00m	+25.8%

*before amortisation of intangibles, share-based payments charges and foreign exchange gains

Peter Simmonds, Chairman, D4t4 commented:

"During the last twelve months, we have seen a shift in the mix of sales within the Group, with a growth in higher margin licence software sales making a major contribution to the overall profitability of D4t4.  Licence new sales have increased due to expansion of our salesforce and continued growth in partners.  This, combined with the continued development of our business to the more profitable Analytics projects and associated Recurring revenues has assisted in delivering the overall strong Group profit growth."

"Delivery against our Group's strategy remains on course and, this combined with the current revenue visibility, order book and pipeline of opportunities all bode well for the future.  As a result, the Board remains confident in achieving the current management expectations for the financial year 2017/2018 and in the long-term prospects for the Group."

Peter Kear, D4t4's CEO added:

"Over the last year we have made tremendous strides and achieved so much across the business.  Our rebranding has given us a fillip and our strategy is delivering and on track.  Furthermore, we have ambitious plans to address this fast-growing market we operate within through delivering exciting and innovative product and services that meet customer demand and returns for the business.

"We are confident in our ability to deliver quality Data Management and Data Analytics related solutions to our clients whilst we remain very enthusiastic about the opportunity to become recognised as the leader in the Data collection marketplace through our valuable asset of Celebrus Technologies which has afforded many new opportunities since acquiring it back in 2015." 

"With our current activities and pipeline of opportunity mixed with the return in business confidence within our North American customer base post the US elections we are confident in our ability to deliver sustained profitable growth for the Group and long-term value for shareholders."

ENQUIRIES

D4t4 Solutions Plc Peter Kear, Chief Executive Officer Carmel Warren, Chief Financial Officer Tel: [phone] Email: [e-mail]

finnCap (Nominated adviser & broker) Ed Frisby/Emily Watts - Corporate Finance Stephen Norcross - Corporate Broking Tel: [phone]

TooleyStreet Communications (IR & media relations) Fiona Tooley: Tel: [phone] or email: [e-mail]

EDITOR'S NOTE 'ALL ABOUT THE DATA' D4t4 Solutions Plc We service clients in over 21 countries and, our data collection software is running on, more than 25,000 websites.  Our people and intellectual property combine to create four core capabilities: v Data collection software (Celebrus) and skills v Data Management facilities and skills v Data Analytics capabilities and solutions and, v Data Solutions that are on premise or in the cloud and combine hardware, software and services. We are energetically focused on solutions that enable clients who operate from within the financial services, retail, electronics and telecommunications sectors to get the most from their data.  From collection, through to management and analysis, we provide comprehensive products and services that drive value from our clients' information assets.  We are also accredited in ISO27001: Information Security Management and PCI Data Security Standard.   To find out more, visit www.d4t4solutions.com.

The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014.

The following report is a summary taken from the Company's audited Annual Report and financial statements

for the year ended 31st March 2017.

'ALL ABOUT THE DATA'

D4t4 Solutions Plc

(the "Group", "Company" or "D4t4")

Final Results for the year ended 31 March 2017

Extracts from the Chairman's letter to shareholders:

Introduction

Last year at the AGM in July 2016 shareholders approved the name changeover from IS Solutions Plc to D4t4 Solutions Plc (D4T4) and having planned the process we successfully completed the rebranding of the Group. Today we acknowledge our Company as one that has transitioned to an international business that is totally driven by data, and in delivering value for our clients from their data, continues to bring rewards.  

Our Celebrus Technologies software business, which we acquired in 2015, grew strongly throughout the course of the financial year under review; it is pleasing to report that it now represents 28% of Group revenue, up from 18% in the previous year. This strong improvement, combined with our Analytics and Services offerings has enabled D4t4 to increase its footprint in key sectors, particularly the finance, retail, telecommunications and the airline business sectors in both domestic and international markets.  Going forward, our focus will remain on the collection, management and analysis of data thereby assisting our clients to derive considerable value from their customer data.  

Summary financials for the ended 31 March 2017 

D4t4 has had another successful financial year.  Our business has delivered profit before tax of £4.24 million (2016: £3.22m), driven from a 6.3% increase in gross profit margin (GP) to 55.82% which was ahead of market expectations (2016: 49.52%).  The Company remains strongly cash generative and this resulted in cash reserves up from £5.01m in 2016 to £6.29 million at the end of the year under review. 

The last twelve months to March 2017 has seen the exciting ongoing evolution of our business into the data and analytics market space with a focus on growing our Celebrus software revenues.  We are delighted therefore to see this strategy already paying off evidenced by the year on year growth of 48.8% growth in Celebrus sales.  We have been delighted to win a number of significant major contracts with both new and existing customers; we have also invested in our partner-based sales strategy which has resulted in several new partner signings.  Additionally, we have extended our partner and pre-sales teams, particularly in the USA and EMEA.

Our Projects business delivered sales in the year of £9.47 million, (2016: £10.67m).  This result reflects two factors; first the American presidential elections caused nervousness within our American client base, with both existing and new clients wanting to see what the outcome of the election would mean to them before committing to new major projects.  We are able to report that these concerns appear to be easing and confidence is returning, and those delayed decisions now appear to be moving forward.  The second factor was the reduction in projects from one of our major Japanese clients who, due to the liquidation of part of their American business, moderated its overall group spending.  Finally, Recurring Revenues from our managed private cloud and software licence maintenance services business delivered income of £4.49 million (2016: £4.97m).  This decrease was due to the discontinued operations from one of our partners resulting in the termination of several of our older style business contracts.  During the last year the data and analytics portion of our Recurring Revenues business has continued to grow.  We expect this area of our business to return to overall growth during the financial year ending March 2018.  

During the last twelve months, we have seen a shift in the mix of sales within the Group, with a growth in higher margin licence software sales making a major contribution to the overall profitability of D4t4.  Licence new sales have increased due to expansion of our salesforce and continued growth in partners.  This, combined with the continued development of our business to the more profitable Analytics projects and associated Recurring revenues has assisted in delivering the overall strong Group profit growth.

Gross profit in the period was £9.86 million (2016: £9.21m) whilst profit before tax was £4.24m against £3.22m in 2016.  Administration costs were £1.83m (2016: £1.99m). Therefore, reported profit from operations is £4.29m (2016: £3.29m) and profit for the year is £3.90m (2016: £2.94m) after tax.  This includes a foreign exchange gain for the year of £0.36m (2016: £0.09m.  Debtors grew from £2.76m to £4.27m due to timing of contracts.  Inventories held at client premises totalled £0.34m (2016: £nil) to provide reduction in lead-time and faster provision of service.

Cash and cash equivalents at 31st March 2017 stood at £6.29m (2016: £5.01m), the increase is due to conversion of current year profits.  Total net assets at the end of the year were £17.55m compared to £14.65m in March 2016.

Adjusted fully diluted earnings per share grew 21.0% to 9.97 pence (2016: 8.24p), unadjusted fully diluted EPS was 10.02 pence (2016: 7.64 pence) up some 31.2%.  

Dividend

The Board is recommending a final dividend of 1.7p. Subject to Shareholder approval at the Annual General Meeting which is to be held on 27th July 2017, the final dividend will be paid on 18th August 2017 to Shareholders on the Register at the close of business on 14th July 2017.  The Ordinary shares become ex-dividend on 13th July 2017.  

As we have previously indicated the Company remains committed to a progressive dividend policy whilst balancing its investments for future growth.  It is the Board's intention to declare future dividends based on the overall performance, with appropriate earnings cover in the range of 3-4 times.

The Board remains confident in the future of the business and believes that it has a clear strategy in place to develop the opportunities that will deliver sustainable growth.

People 

During the year the Group employed 124 staff in its operations located in India, EMEA and the USA.  The Board would like to welcome all new colleagues to the business and to thank everyone for their contribution to another successful year in a working environment that has undergone major transformation and change.  Throughout this time our colleagues have demonstrated outstanding efforts and commitment to ensure that we continue to deliver a high level of customer satisfaction for both our Product and Service offerings.  

At the last AGM Peter English and Michael Tinling retired from the Board both having been involved with the Company since its formation.  The Board thanks Peter and Michael for their contribution and wise counsel over the years and wishes them many years of happy retirement. During Q3 we welcomed Mark Boxall and Matthew Tod to the Board.

As we move on, I look forward to witnessing colleagues 'ongoing development and contribution as we strive to deliver the ambitions of our "All about the Data" message across the globe.

Current trading and outlook 

Business intelligence and Analytics remains one of the fastest growth areas in the global IT sector therefore, with our combination of technical "know-how" and business skills we continue to attract more new clients who require services to help with their need to find value in both historical and new customer data.  

There will always be macroeconomic factors that no business can fully mitigate against including currency volatility and more recently the possible wider potential implications of BREXIT.  We remain confident in the Group's strategy; our underlying business is performing well and delivering against our key KPIs.  In addition, the investment and growth in our Indian development and support facility has continued apace; this together with the expansion of our US office and the renewed confidence from our US client base provides us with a platform for further growth and we are well-positioned to exploit opportunities in our key markets and sectors.

In conclusion, delivery against our Group's strategy remains on course and, this combined with the current revenue visibility, order book and pipeline of opportunities all bode well for the future.  As a result, the Board remains confident in achieving the current management expectations for the financial year 2017/2018 and in the long-term prospects for the Group.

Peter Simmonds

Non-Executive Chairman

D4t4 Solutions Plc

26th June 2017

Extracts from the CEO's report to shareholders':

I am delighted to once again report a further year of very positive progress aligned with the strategic plan set out by the Board and the rebranding implementation programme launched in April 2016.  In 2016, we stepped up our investment in both business development and product development, and at the same time improved gross margins and earnings.  The Group has also added notable clients across its markets both locally and internationally including eight banks/financial institutions, a telecoms provider, two international retailers and two business airlines.  

Objectives and strategy 

As stated last year we have been in the process of extending our Celebrus software products in terms of functionality and by doing so this has enabled the software to be used in other industry verticals.  We continue to deliver on our strategy of empowering our clients to gain significant value from their customer data and through this to deliver major uplifts in terms of their revenues and profitability.  We are very encouraged to see more and more opportunities to combine our Products and Service offerings to create innovative ways for our clients who require solutions to deal with their data mountains and show them how to modernise and monetise that data.

Key performance indicators

The Group's financial KPIs are revenue, cash, gross profit margin, profit before tax, earnings per share and growth in software sales.

	2017	2016
Revenue	£17.67m	£18.61m
Cash	£6.29m	£5.01m
Gross profit margin	55.82%	49.52%
Profit before tax	£4.24m	£3.22m
Earnings per share - adjusted and diluted	9.97p	8.24p
Earnings per share - diluted	10.02p	7.64p
Earnings per share - basic	10.49p	8.17p
Celebrus year-on-year growth	48.80%	-

In 2016/17, five of the six KPIs recorded improvement, with the sixth reflecting revenue which, as previously reported, was adversely affected by a lengthening of data solutions sales cycle: this was due primarily to the unexpected election result in North America which caused a number of client initiatives to be put on hold for a few months.  These initiatives are now back underway, and they are expected to bear fruit in the first six months of the financial year ending March 2018.

Outlook

The evolution of our business over the last two years has been significant, however there remains more to be done to complete the transformation of D4t4's business model and to further enhance the Celebrus software offering.  We have acquired a strong balance of skills and experience across the management team to lead and drive the business to the next stage in its development.  Based on our new focus the Company is well positioned to achieve solid growth powered by its own technology that is aligned to fast growing markets.  Therefore, the Board remain confident in its strategy, future prospects and expectations for the Group's full year performance.

Peter Kear

Chief Executive Officer

D4t4 Solutions Plc

26th June 2017

D4t4 Solutions Plc

Summary of Financial Statements

for the year ended 31 March 2017

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME for the year ended 31 March
	2017	2016
	£'000	£'000
Continuing operations
Revenue	17,670	18,609
Cost of sales	(7,806)	(9,395)
Gross profit	9,864	9,214
Distribution costs	(3,797)	(3,958)
Administration expenses	(1,834)	(1,985)
Other operating income	55	22
Profit from operations	4,288	3,293
Investment income	1	1
Finance costs	(46)	(76)
Profit before tax	4,243	3,218
Tax	(340)	(278)
Profit for the period attributable to owners of the parent	3,903	2,940
Other comprehensive income:
Items that will not be reclassified to profit or loss
Gains on property revaluation	47	48
Total comprehensive income for the period attributable to equity holders of the parent	3,950	2,988
Earnings per share
Basic	10.49p	8.17p
Diluted	10.02p	7.64p

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY ATTRIBUTABLE TO OWNERS OF THE PARENT for the year ended 31 March
	Share capital	Share premium	Revaluation reserve	Own shares	Equity reserve	Retained earnings	Total £'000
Balance as at 1 April 2015	708	6,570	228	(80)	1,380	3,057	11,863
Dividends paid	-	-	-	-	-	(380)	(380)
Purchase of own shares	-	-	-	(291)	-	-	(291)
Sale of own shares	-	-	-	348	(40)	(257)	51
Issue of contingent shares	24	548	-	-	(606)	-	(34)
Share-based payments	-	-	-	-	-	38	38
Transactions with owners	24	548	-	57	(646)	(599)	(616)
Profit for the year	-	-	-	-	-	2,940	2,940
Other comprehensive income	-	-	48	-	-	-	48
Total comprehensive income	-	-	48	-	-	2,940	2,988
Deferred tax on outstanding share options	-	-	-	-	206	155	361
Amortisation	-	-	-	-	-	49	49
Balance as at 1 April 2016	732	7,118	276	(23)	940	5,602	14,645
Dividends paid	1	20	-	-	6	(780)	(753)
Purchase of own shares	-	-	-	(175)	-	-	(175)
Sale of own shares	10	205	-	192	(121)	(298)	(12)
Issue of contingent shares	16	384	-	-	(400)	-	-
Share-based payments	-	-	-	-	-	86	86
Transactions with owners	27	609	-	17	(515)	(992)	(854)
Profit for the year	-	-	-	-	-	3,903	3,903
Other comprehensive income	-	-	47	-	-	-	47
Total comprehensive income	-	-	47	-	-	3,903	3,950
Rate change on deferred tax	-	-	-	-	(45)	30	(15)
Deferred tax on outstanding share options	-	-	-	-	(138)	(39)	(177)
Balance as at 31 March 2017	759	7,727	323	(6)	242	8,504	17,549

CONSOLIDATED BALANCE SHEET as at 31 March
	2017 £'000	2016 £'000
Non-current assets
Goodwill	8,696	8,696
Other intangible assets	1,507	1,754
Property, plant and equipment	2,595	2,615
Deferred tax assets	230	792
	13,028	13,857
Current assets
Trade and other receivables	4,269	2,757
Inventories	341	-
Cash and cash equivalents	6,290	5,007
	10,900	7,764
Total assets	23,928	21,621
Current liabilities
Trade and other payables	(4,922)	(5,045)
Borrowings	(421)	(397)
	(5,343)	(5,442)
Non-current liabilities
Borrowings	(780)	(1,183)
Deferred tax liabilities	(256)	(351)
	(1,036)	(1,534)
Total liabilities	(6,379)	(6,976)
Net assets	17,549	14,645
Equity
Share capital	759	732
Share premium account	7,727	7,118
Revaluation reserve	323	276
Own shares	(6)	(23)
Equity reserve	242	940
Retained earnings	8,504	5,602
Attributable to equity holders of the parent	17,549	14,645

CONSOLIDATED CASH FLOW STATEMENT for the year ended 31 March
	2017 £'000	2016 £'000
Operating activities
Profit for the year	3,903	2,940
Adjustments for:
Depreciation of property, plant and equipment	221	178
Amortisation of intangible assets	247	260
Finance income	(1)	(1)
Finance expense	46	76
Share-based payments	86	38
Gain on sale of property, plant and equipment	(1)	-
Exchange gains on cash and cash equivalents	(305)	-
Income tax expense	340	278
Operating cash flows before movements in working capital	4,536	3,769
(Increase) / Decrease in receivables	(1,512)	2,032
Increase in inventories	(341)	-
(Decrease) / Increase in payables	(123)	618
Cash derived from operations	2,560	6,419
Income taxes paid	(26)	(69)
Net cash from operating activities	2,534	6,350
Investing activities
Interest received	1	1
Purchase of property, plant and equipment	(162)	(332)
Net cash used in investing activities	(161)	(331)
Financing activities
Dividends paid	(753)	(380)
Repayment of borrowings	(403)	(411)
Interest paid	(46)	(76)
Payments to finance lease creditors	(8)	-
Purchase of own shares	(400)	(240)
Sale of own shares	215	-
Net cash used in financing activities	(1,395)	(1,107)
Net increase in cash and cash equivalents	978	4,912
Cash and cash equivalents at start of year	5,007	95
Exchange gains on cash and cash equivalents	305	-
Cash and cash equivalents at end of year	6,290	5,007

CERTAIN NOTES TO THE FINANCIAL STATEMENTS

GENERAL INFORMATION D4t4 Solutions Plc is a public company incorporated and domiciled in England and Wales and quoted on the AIM Market.  The address of its registered office, registered number and principal place of business is disclosed on the inside cover of the financial statements. On 20th July 2016, the Company changed its name from IS Solutions Plc to D4t4 Solutions Plc. The preliminary financial information does not constitute full statutory accounts within the meaning of section 434 of the Companies Act 2006 but is derived from statutory accounts for the periods ended 31st March 2017 and 31st March 2016, both of which are audited.  The preliminary announcement is prepared on the same basis as set out in the statutory accounts for the year ended 31st March 2016. While the financial information included in this preliminary announcement has been prepared in accordance with the recognition and measurement criteria of International Financial Reporting Standards (IFRS), as adopted by the European Union (EU), this announcement does not in itself contain sufficient information to comply with IFRSs. The statutory accounts for the year ended 31st March 2017 will be delivered to the Registrar of Companies following the Company's Annual General Meeting and can be obtained from the investor section of the Company's website at www.d4t4solutions.com. Statutory accounts for the period ended 31 March 2016 have been filed with the Registrar of Companies. The auditor's report for the year ended 31st March 2017 was unqualified, did not include a reference to any matter to which the auditor drew attention by way of emphasis without qualifying their report and did not contain any statement under section 498(2) or (3) of the Companies Act 2006. BASIS OF PREPARATION The financial statements have been prepared in accordance with International Financial Reporting Standards (IFRSs) adopted by the European Union and the Companies Act 2006 applicable to companies reporting under IFRS.  The financial statements have been prepared under the historical cost convention except for the revaluation of land and buildings.  The presentation and functional currency of the financial statements is British Pounds and amounts are rounded to the nearest thousand pounds. GOING CONCERN The Group and Company's business activities, together with the factors likely to affect its future development, performance and position and the risks and uncertainties are presented in the Strategic Report.  The Group and Company have sufficient financial resources to cover budgeted future cashflows, together with contracts with a number of customers and suppliers across different geographic areas and industries.  As a consequence, the Directors believe that the Group and Company are well placed to manage their business risks successfully despite the current uncertain economic outlook.  Having reviewed the future plans and projections for the business, the Directors believe that the Company and its group undertakings have adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

BUSINESS AND GEOGRAPHIC SEGMENTS

The Group has adopted IFRS 8 Operating Segments with effect from 1 January 2009.  IFRS 8 requires operating segments to be identified on the basis of internal reports about components of the Group that are regularly reviewed by the chief operating decision maker to allocate resources to the segments and assess their performance.  The information presented to the Chief Executive for the purpose of resource allocation and assessment of segment performance is focused on the type of product sold.  The principal activity of the Group is split into three categories of product and services sold:  - Licence sales, Project work and Recurring revenues.

No allocation of other income and costs to these categories is made because the Directors consider that any such allocation would be arbitrary.  Any allocation of assets and liabilities to these categories would also be arbitrary.  The reporting below is consistent with that provided to the Chief Executive.

Continuing operations 2017
	Licence sales	Project work	Recurring revenues	Total
	£'000	£'000	£'000	£'000
External sales	3,716	9,467	4,825	18,008
Adjustment for agency basis	--	-	(338)	(338)
Reported revenue	3,716	9,467	4,487	17,670
Segment result (gross profit)	3,179	4,339	2,346	9,864
Other operating costs and income				(5,576)
Investing and financing activities				(45)
Profit before tax				4,243
Major customers (over 10% of revenue)
Customer 1	-	7,935	1,867	9,802
Customer 2	1,144	-	700	1,844

Continuing operations 2016
	Licence sales	Project work	Recurring revenues	Total
	£'000	£'000	£'000	£'000
External sales	2,974	10,666	5,443	19,083
Adjustment for agency basis	-	-	(474)	(474)
Reported revenue	2,974	10,666	4,969	18,609
Segment result (gross profit)	2,076	4,584	2,554	9,214
Other operating costs and income				(5,921)
Investing and financing activities				(75)
Profit before tax				3,218
Major customers (over 10% of revenue)
Customer 1	-	7,935	1,867	9,802

The accounting policies of the reportable segments are the same as the Group's accounting policies described in note 2 of the Annual Report & Accounts for the year ended 31 March 2017.  Non-current assets are wholly attributable to the Company's country of domicile.

Geographic segments
	2017 £'000	2016 £'000
United Kingdom	2,012	4,875
Europe	4,021	2,335
Unites States of America (US)	10,947	11,014
Others	690	385
	17,670	18,609

EARNINGS PER SHARE
	2017			2016
	Pence per share		£'000	Pence per share	£'000
Profit attributable to equity holders of the Company	10.49		3,903	8.17	2,940
Diluted Diluted earnings per share amounts are calculated by dividing the profit for the year attributable to equity holders of the Company by the weighted average number of ordinary shares outstanding during the year plus the weighted average number of ordinary shares that would be issued on the conversion of all the dilutive potential ordinary shares into ordinary shares.
				2017 Number	2016 Number
Basic weighted average of shares in issue				37,193,118	35,993,206
Effect of dilutive share options				1,767,183	2,512,249
Weighted average for the purpose of diluted earnings per share				38,960,301	38,505,455
Adjusted Adjusted diluted earnings per share is defined as profit for the year adjusted for amortisation, share based payments and foreign exchange gains/losses divided by the diluted weighted average number of ordinary shares of the Company.
	2017			2016
	Pence per share	£'000		Pence per share	£'000
Profit for the year	10.02	3,903		7.64	2,940
Amortisation	0.63	257		0.64	246
Foreign exchange gains/losses	(0.92)	(357)		0.00	-
Share-based payments	0.22	86		0.10	38
Tax on non-statutory adjustments	0.02	5		(0.14)	(51)
Adjusted earnings	9.97	3,894		8.24	3,173

DIVIDENDS
	2017 £'000	2016 £'000
Amounts recognised as distributions to equity holders Final dividend for the period ended 31 March 2016 of 1.50p (2015: 0.56p) Interim dividend for the year ended 31 March 2017 of 0.55p (31 March 2016: 0.50p)	574 206	198 182
	780	380
Proposed final dividend for the year ended 31 March 2017 of 1.70p

The Company is proposing a final dividend of 1.70p, which, subject to Shareholder approval at the Annual General Meeting will be paid on 18th August 2017 to Members on the Register at the close of business on 14th July 2017.  The Ordinary shares become ex-dividend on 13th July 2016.  The proposed final dividend has not been included as a liability in the financial statements for the year ended 31th March 2017.

ANNUAL GENERAL MEETING

The Annual General Meeting will be held on 27th July 2017 at 10am at the Group's Registered office: Windmill House, 91-93 Windmill Road, Sunbury on Thames, Middlesex, TW16 7EF.

ELECTRONIC COMMUNICATIONS

The Company is not proposing to bulk print and distribute hard copies of this announcement.  The full Annual Report and Financial Statements for the year ended 31 March 2017 is attached via the link on the front page of this statement and will be published shortly on the Company's website at www.d4t4solutions.com together with the Notice convening the Company's 2017 Annual General Meeting.  Copies of these publications will be sent out to those shareholders who have elected to receive paper communications.  Copies can also be requested via [e-mail] or by writing to: The Company Secretary, D4t4 Solutions Plc, Windmill House, 91-93 Windmill Road, Sunbury on Thames, Middlesex, TW16 7EF.  The Company's news updates, regulatory news, and financial statements, can also be viewed and downloaded from the Group's website.

FORWARD-LOOKING STATEMENTS

The Board of Director's approved the Annual Report & Accounts on 26th June 2017.  This document contains certain forward-looking statements, which reflect the knowledge and information available to the Company during the preparation and up to the publication of this document.  By their very nature, these statements depend upon circumstances and relate to events that may occur in the future thereby involving a degree of uncertainty.  Therefore, nothing in this document should be construed as a profit forecast by the Company.

 

END

 

 

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