AGM Statement + Trading Updat

RNS Number : 3533T

Dillistone Group PLC

04 June 2009

 



5 June 2009

Dillistone Group Plc

('Dillistone' or the 'Group')

Results of Annual General Meeting ('AGM') and AGM Statement

Dillistone, the AIM quoted supplier of recruitment software, announces that at its 2009 AGM which was held at 11.00 a.m. today, all resolutions put to shareholders were duly passed.

At today's AGM, Jim McLaughlin, Executive Chairman and Finance Director of Dillistone, made the following trading update:

'Our annual results for the year ended 31 December 2008 demonstrated that we had benefited from an extremely strong first half followed by a weaker second half as the impact of the global recession was felt.  

'As mentioned in my Chairman's statement the board expected that the recession would have a negative impact on the 2009 results. The board is now in a position to confirm that revenues in the first half of 2009 will be significantly lower than the record level achieved in 2008.    However, the board remains confident that the business will achieve an outcome for the year as a whole in line with market expectations.  

'The Group remains profitable, debt free and cash generative.  Our previously announced increase in product development expenditure on FILEFINDER underlines Dillistone's commitment to maintaining a market leading position and makes the board confident about the long term performance of the business.  We reiterate our intention to maintain dividend payments at 2009 levels.'

For further enquiries:

Jim McLaughlin, Executive Chairman and Finance Director Dillistone Group Plc	01934 710 509
Emily Morgan, Blomfield Corporate Finance Limited	0207 489 4500
Daniel Briggs, Religare Hichens, Harrison	0207 3827 776
Tom Cooper, Winningtons Financial PR	0797 122 1972

Notes to Editors:

Dillistone Group Plc is a leader in the supply and support of recruitment software to the search and selection market. Dillistone was admitted to AIM, a market operated by the London Stock Exchange plc in June 2006.

Dillistone develops, publishes and supports Filefinder, its executive recruitment software, for recruitment companies and in-house recruitment teams. Filefinder is unique in providing tailored workflow and 24 hour support for global users, to mirror the profile and demands of an executive search assignment. Filefinder has been adopted by around 1,000 companies in more than 55 countries.

 

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