Mission Testing PLC
7 November 2001
For immediate release 7 November 2001
Mission Testing plc
AGM Statement, Trading Update and Board Change
At the Annual General Meeting of the Company held at 3pm today the Chairman,
Graham Pooley, made the following statement:
Current Trading & Outlook
'The results for the year to 30 June 2001 which we announced in September
demonstrated that our market position has continued to strengthen since our
admission to AIM in December last year. At the time of the results
announcement we remained confident that we were well positioned to continue an
organic and acquisition driven growth strategy. Current trading remains
comfortably in line with expectations and, although some reduction in the
visibility of the order book is to be expected in the IT services market, we
remain optimistic that we shall continue to make good progress this year.'
Board Change
'David Abery has announced his intention to resign as Finance Director. David,
who joined the Board to implement the flotation of the Company, has informed
the Board of his desire to take on new challenges. David will remain as
Finance Director until a suitable replacement is appointed and that process is
already underway. On behalf of the Board I would like to thank David for the
valuable contribution he has made to Mission Testing in its first year as a
public company and we wish him every success in the future. The Resolution to
reappoint David as a Director will still be proposed and David will continue
to work with the Board to ensure an orderly hand-over of responsibilities to
his replacement.'
'As the strategy of organic and acquisition driven growth continues, the
skills and experience required for the business will change. The Board
intends to review the skillsets within the Group as it grows to ensure that
the Directors and management of the business are appropriate for each stage of
the Company's development.'
Summary
'Our first year as a public company has been a very successful one and we have
achieved many of the objectives that we set out at the time of flotation. We
will continue to focus on the opportunities to grow the business and to ensure
that we strengthen our position whilst building value for our shareholders.'
For further information please contact: www.missiontesting.com
Mission Testing plc 0207 601 1000
Graham Pooley, Chairman
Weber Shandwick Square Mile 0207 601 1000
Edward Macquisten
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.