AGM Statement

RNS Number : 7251C

Vianet Group PLC

30 June 2016

 

Press Release

30 June 2016

Vianet Group plc

("Vianet" or the "Group")

AGM Statement

Vianet Group plc (AIM: VNET), the leading provider of real time monitoring systems, data management services and actionable insights for the leisure and vending sectors, will be holding its Annual General Meeting today at 11.30 a.m., at the offices of Grant Thornton UK LLP, No 1 Whitehall Riverside, Leeds, LS1 4BN.

James Dickson, Chairman, will provide the following trading update at today's meeting:

"Trading across our continuing operations in the first two months of the current year is in line with expectations and is noticeably ahead of the comparable period last year with all business areas progressing well.  Vending Solutions, in particular with its coffee vending telemetry systems and contactless payment solutions, has continued to make good progress and is demonstrating solid growth.  This comes as part of the Group's continued development of its Internet of Things capability, which aims to provide increased value to its customers through both strategic insight and, importantly, actionable data.  The Group believes this will be a significant driver of growth for Vianet in the coming years.

"The Board is confident of the medium and long term prospects of the Group and this is reflected in its decision to recommend maintaining the final dividend at 4p per share.  Whilst the economic uncertainty and exchange rate volatility resulting from Brexit is generally unhelpful, the Group's continuing progress to date, leads us to look forward positively to the remainder of the year and beyond, and the Board remains confident of delivering value to its shareholders."

- Ends -

Enquiries:

Vianet Group plc
James Dickson, Chairman	Tel: [phone]
[e-mail]	www.vianetplc.com

Cenkos Securities plc
Stephen Keys / Camilla Hulme	Tel: [phone]
	www.cenkos.com

Media enquiries:

Abchurch Communications
Alex Shaw / Nessyah Hart / Julian Bosdet [e-mail]	Tel: [phone] www.abchurch-group.com

About Vianet

The Vianet Group provides real time monitoring systems, data management solutions, actionable data insights, and associated services for the leisure and vending sectors.  Since its Admission to AIM in 2006, the Group has grown from its core Brulines beer monitoring business both organically and through strategic acquisitions to widen its offering to pub and bar retailers with its industry leading product iDraught as well as developing new businesses, especially in vending telemetry and contactless payment solutions particularly for the premium coffee sector.

For further information, please visit www.vianetplc.com

 

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