Institutional Investor Site Visits

RNS Number : 0138V

Vianet Group PLC

25 January 2017

 

Press Release

25 January 2017

Vianet Group plc

("Vianet" or "the Group")

Institutional Investor Site Visits

Vianet Group plc (AIM:VNET), the leading provider of real time monitoring systems, data management services and business intelligence for the leisure and vending sectors, announces that it is holding two institutional investor site visits to its headquarters in Stockton-On-Tees today and on 9 February 2017.

The Group is pleased to confirm that trading continues to be in line with management's expectations with both Leisure and Vending divisions making good progress.

Vianet is also pleased to confirm that its defence in the US court against claims asserted by third parties has been successful.    Furthermore the Board has decided, in line with its decision to accelerate the outsourcing of non-core activities, to close the Group's manufacturing and warehousing facility in Bolton.   The legal costs related to the US defence, along with the rationalisation costs associated with the closure of the Bolton site, will be reported in the results for the second half of the financial year.   These one-off exceptional items will not impact on the Group's recommendation relating to payment of a final dividend.

No new material will be made available to institutional investors at the site visits beyond that which is provided herein and in the Group's H1 2017 results announcement on 6 December 2016. 

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Enquiries:

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

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

Media enquiries:

Yellow Jersey PR
Sarah Hollins [e-mail]	Tel: [phone] www.yellowjerseypr.com

About Vianet

Vianet Group provides real time monitoring systems, data management solutions, business intelligence, and associated services for the leisure and vending sectors.  Since its Admission to AIM in 2006, the Group has grown from its core beer monitoring business both organically and through strategic acquisitions to widen its offering to pub and bar retailers with its industry leading product iDraught.  The Group has also developed 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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