AGM Statement

RNS Number : 8281M

Gresham Technologies PLC

14 May 2020

 

RNS

14 May 2020

Gresham Technologies plc

AGM Statement

Gresham Technologies plc (LSE: "GHT", "Gresham", "Company" or the "Group"), the leading software and services company that specialises in providing solutions for data integrity and control, banking integration, payments and cash management, will be holding its Annual General Meeting at 11.00 a.m. today.

At the meeting, the Chairman will make the following statement:

"Despite the very challenging global environment, the Company continues to operate at full capacity and, as announced on 20 April 2020, we remain confident in our ability to achieve FY2020 guidance for Group Adjusted EBITDA and Cash EBITDA.

Adjustments to our annual operating plan have been made to ensure that the Company is able to protect full-year earnings, and ensure adequate liquidity, without disrupting our services to customers or negatively impacting the longer-term growth prospects of the business. The Company expects to maintain current levels of investment in innovation and distribution for the foreseeable future.

The Company is actively pursuing a number of new Clareti sales opportunities and is encouraged by the ongoing business activity in our target markets. However, the overall impact of COVID-19 on the Group's ability to generate new revenues to the levels originally planned for FY2020 remains unclear and the Board does not believe it would be appropriate to provide further forward-looking financial guidance at this time."

Enquiries

Gresham Technologies plc	[phone]
Ian Manocha
Tom Mullan
N+1 Singer (Financial Adviser and Broker)	[phone]
Shaun Dobson / Iqra Amin (Corporate Finance)
Tom Salvesen (Corporate Broking)

Inside information

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 ("MAR").  Upon the publication of this announcement via a Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.

Note to editors

Gresham Technologies plc is a leading software and services company that specialises in providing real-time solutions for data integrity and control, banking integration, payments and cash management. Listed on the main market of the London Stock Exchange (GHT.L) and headquartered in the City of London, its customers include some of the world's largest financial institutions and corporates, all of whom are served locally from offices located in the UK, Europe, North America and Asia Pacific.

Gresham's award-winning Clareti software platform is a highly flexible and scalable platform, available on-site or in the cloud, designed to address today's most challenging financial control, risk management, data governance and regulatory compliance problems. Learn more at www.greshamtech.com.

 

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