AGM statement and contract wins

Ingenta PLC

29 June 2023

 

29 June 2023

Ingenta plc

(the "Company")

AGM statement and contract wins

Ingenta plc (AIM: ING), a leading provider of software and services to the global publishing industry, is pleased to issue a trading update ahead of today's Annual General Meeting.

The Company is pleased to announce two key contract wins for its content distribution platform. These contracts have a total combined value of approximately £2 million over a five-year period with implementation revenue due to commence in the second half of 2023. The wins have secured a significant proportion of the Group's new sales targets for 2023.

Scott Winner, CEO of Ingenta, commented: "The deals announced today show further progress in the Group's drive to expand its business development activities and follow on from the previously reported media customer win for the Group's Commercial IP management product. The latest deals include another addition to our growing NGO client base and a prestigious, globally recognised US scientific publisher."

The Company's interim results are expected to be announced in September 2023 and the Board remains confident in the outlook for the year and that the Company will report results for the year ended 31 December 2023, comfortably in line with market expectations.

For further information please contact:

Ingenta plc                                                       Tel: [phone]

Scott Winner / Jon Sheffield

Cenkos Securities plc                                      Tel: [phone]

Katy Birkin / Callum Davidson

Certain of the information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the UK version of the EU Market Abuse Regulation (2014/596) which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended and supplemented from time to time.

 

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