Interim Results

Amino Technologies PLC 27 July 2004 AMINO TECHNOLOGIES PLC INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2004 Amino Technologies plc ('Amino'; stock code : AMO), the Cambridge based broadband network software and systems company, presents its unaudited consolidated results for the six-month period ended 30 June 2004. Key points: â€¢ These are Amino's maiden results since floating on AIM on 9 June 2004. â€¢ Results reflect the early stages of commercialising Amino's technology for enabling the provision of digital TV and video services ('IPTV') across broadband telecoms networks. â€¢ Turnover jumped to Â£7.42m from Â£0.15m in the first half last year and Â£0.89m in the second half of 2003. â€¢ Profit before tax and exceptional items was Â£0.84m (H1 2003: loss of Â£1.57m; full year 2003: loss of Â£3.39m). â€¢ Profit before tax was Â£0.51m and basic earnings per share were 2.4p. â€¢ Net new funds raised at the time of its IPO were Â£6.31m and cash and short-term investments were Â£9.14m at 30 June 2004. â€¢ Shipments of AmiNET units were 91,765 (H1 2003: 859). â€¢ Sharp increases in companies evaluating Amino products in 50 countries in Europe, USA and the Far East. On outlook, Grant Masom, Chairman stated: 'Amino has secured a significant early leadership position in the infant IPTV market. We are confident that the number of systems where we have been 'designed in', the strength of our partner relationships, and our technology and price leadership underpin our prospects as the market continues to evolve and expand. 'The results for the first half of the year match our expectations and we look forward with confidence to the second half of the current year and beyond.' About Amino Amino (www.aminocom.com) is a designer and supplier of electronic systems and consultancy, specialising in products for digital broadcast and on-demand TV, IPTV (telco triple-play applications) and in-home multimedia distribution. Its range of small, low cost, high functionality set-top boxes and gateway products is designed for consumer applications in telecom, satellite and digital terrestrial broadcast markets, as well as on-demand systems for hotels and hospitality markets, healthcare, retail and education. Amino also provides systems consultancy and partners with world-leading companies in content aggregation, middleware, conditional access and head-end systems. Contacts Amino Technologies: 01954-234100 Grant Masom, Chairman www.aminocom.com Bob Giddy, Chief Executive Stuart Darling, Finance Director Bankside: 020-7444-4140 Steve Liebmann or Susan Scott CHAIRMAN'S STATEMENT Introduction On 9 June 2004, Amino became a public company via a flotation on the AIM market. This step was to provide increased credibility and balance sheet strength to enable us to engage with large blue-chip clients. We are satisfied that this objective has been achieved successfully. Results and finance The results for the half year to 30 June 2004 reflect the early stages of commercialising of Amino's technology with the start of volume shipments to customers. Turnover for the period was Â£7.42 million; this compares with Â£0.15 million in the first half of last year and Â£0.89 million in the second half of 2003. Profit before tax and exceptional items was Â£0.84 million (first half 2003: loss of Â£1.57 million; year to 31 December 2003: loss of Â£3.39million). Exceptional costs of Â£0.33 million relate to the costs of Admission to AIM; a further Â£0.36 million of costs, also relating to Admission, were charged against the share premium account. The profit before tax was Â£0.51 million and basic earnings per share were 2.4p. Net new funds raised at the time of Admission were Â£6.31 million and total cash and short-term investments were Â£9.14 million as at 30 June 2004. Operations Six months ago, the market for the provision of digital TV and video services across broadband telecommunications networks ('IPTV') was seen as being poised for growth. Pioneers had taken the first steps, with a handful of visible deployments in key regions. Major equipment vendors had developed the various elements required to build robust end-to-end IPTV systems in an open standard environment, and the technical obstacles had been largely overcome. The compelling commercial argument in favour of telcos offsetting falling voice and data revenues with new revenue from IPTV services was being recognised by many operators. Since then, the market has started to evolve at great speed. Early adopters are now rolling out systems in America and the Far East. Deployments are emerging in parts of Europe. In the more developed markets, larger telcos are announcing the upgrades to their networks required to support IPTV services. Although end-user shipments are still relatively low compared with established consumer markets, major consumer electronics companies are showing significant interest in providing IPTV solutions. Amino has played a key part in the rapid emergence of this market. When announcing our first AmiNET products in September 2002, we recognised that, once technical obstacles had been overcome, the take-up of IPTV would be determined by how quickly the industry could deliver solutions to the customer at competitive cost. The equipment needed at the end customer's site (e.g. a set-top box, or embedded software or hardware), is a large part of this cost, and Amino has been an aggressive market leader in driving this cost down to the levels needed. Our success is evidenced by our extensive range of partners, comprising many of the best-known names in the telecommunications and television equipment marketplace, who have introduced Amino into a wide range of trial and active rollout opportunities. We are grateful for their support. Amino is a UK company and many of our shareholders are based in the UK. Therefore it is tempting to view Amino's prospects from the perspective of the UK market. Like a number of other long-established telecommunications markets, the publicly available broadband infrastructure in the UK is currently not capable of supporting the full range of IPTV services possible in other regions However, IPTV can be delivered across private high-speed broadband networks and we are currently actively rolling out a nationwide IPTV deployment within a major UK hotel chain. This involves not only the supply of set top boxes, but also the complete system solution. Early indications of customer acceptance are encouraging. Amino's recent revenue growth has been significant. However, we measure the progress that we are making by tracking key metrics across the whole sales cycle - from initial evaluation, through field trials, and on into volume rollout. Once 'designed in' and part of a field trial, the complexities of an IPTV solution mean that there are very significant barriers to entry for any competitor, and the future revenue streams for Amino from that opportunity are primarily a direct result of the telco's commercial success with the new service. Currently, we see the sales cycle as being typically 9 to 12 months from initial evaluation to first volume orders. Compared with the period to 30 June 2003, the current numbers of evaluations, trials and active rollouts are: â€¢ 91,765 AmiNET units shipped in the period, up from 859; â€¢ Customers evaluating Amino products increased from 147 to 366; of these - 30 customers are now deploying AmiNET set-top boxes ('STBs') in field trials (orders of 100 to 1,000 units); - A further 20 customers are now deploying AmiNET STBs in volume roll-out (total orders of 1,000 units or more). â€¢ Customers in 50 countries across Europe, USA and the Far East. We believe this growing pipeline gives a strong platform for Amino's future prospects, particularly since most rollouts are still in their early stages. Outlook Amino has secured a significant early leadership position in the infant IPTV market. We are confident that the number of systems where we have been 'designed in', the strength of our partner relationships, and our technology and price leadership underpin our prospects as the market continues to evolve and expand. However, we recognise that the leaders in the early phases of a market are not always able to translate that leadership into the large volume phases. We therefore offer our customers: â€¢ Flexible business models; â€¢ Direct product supply; â€¢ Own-label manufacturing; and â€¢ A range of licensing options. We believe that this flexibility will enable us to translate our early leadership into a significant role in the emerging mass market. We also continue to invest heavily in our underlying technology, with half of our personnel being focused on research and development. The results for the first half of the year match our expectations and we look forward with confidence to the second half of the current year and beyond. Grant Masom 26 July 2004 Chairman Consolidated profit and loss account For the six months ended 30 June 2004 Notes Six months Six months Year ended ended ended 30 June 30 June 31 December 2004 2003 2003 Unaudited Unaudited Audited Â£ Â£ Â£ Turnover 5 7,419,765 145,903 1,036,598 Cost of sales (4,234,048) (144,559) (739,911) __________ __________ __________ Gross profit 3,185,717 1,344 296,687 ---------------------------- ------ --------- --------- --------- Selling, general and administrative (non-exceptional expenses) (1,802,776) (1,116,212) (2,498,774) Selling, general and administrative (exceptional expenses) 6 (325,742) - (1,043,400) ---------------------------- ------ --------- --------- --------- Selling, general and administrative expenses (2,128,518) (1,116,212) (3,542,174) Research and development expenses (674,459) (584,774) (1,259,828) Other operating income 94,873 102,281 45,535 __________ __________ __________ Group operating profit/(loss) 477,613 (1,597,361) (4,459,780) Interest receivable and similar income 65,004 25,179 45,501 Interest payable and similar charges (28,149) - (15,490) __________ __________ __________ Group profit/(loss) on ordinary activities before taxation 514,468 (1,572,182) (4,429,769) Tax on profit/(loss) on ordinary activities 7 558,000 30,000 540,000 __________ __________ __________ Group profit/(loss) on ordinary activities after taxation being profit/(loss) for the financial period 1,072,468 (1,542,182) (3,889,769) ============ ============ ============ Basic earnings/(loss) per 1p ordinary share 8 2.4p (6.0)p (13.0)p Diluted earnings/(loss) per 1p ordinary share 8 2.3p (6.0)p (13.0)p All amounts relate to continuing activities. The Group has not recognised gains or losses in either the current year or the preceding year other than the loss shown above and therefore a statement of total recognised gains and losses has not been prepared. The accompanying notes are an integral part of these interim financial statements. Consolidated balance sheet as at 30 June 2004 Notes 30 June 30 June 31 December 2004 2003 2003 Unaudited Unaudited Audited Â£ Â£ Â£ Fixed assets Intangible assets 60,812 5,483 32,617 Tangible assets 453,612 308,377 354,710 _________ _________ _________ 514,424 313,860 387,327 _________ _________ _________ Current assets Stocks 524,152 67,154 232,047 Debtors: amounts falling due after one year 82,250 82,250 82,250 Debtors: amounts falling due within one year 10 3,312,626 620,327 1,447,210 Trade debtors subject to financing stated net of non-returnable amounts received 10 1,038,571 - 190,004 Short-term investments 6,930,000 1,351,546 3,730,000 Cash at bank and in hand 2,214,004 132,936 1,214,926 _________ _________ _________ 14,101,603 2,254,213 6,896,437 Creditors: Amounts falling due within one year 11 (2,132,141) (436,621) (2,740,346) _________ _________ _________ Net current assets 11,969,462 1,817,592 4,156,091 Total assets less current liabilities 12,483,886 2,131,452 4,543,418 Creditors: Amounts falling due after more than one year (124,139) (150,000) (141,188) _________ _________ _________ Net assets 12,359,747 1,981,452 4,402,230 ========== ========= ========= Capital and reserves Called-up share capital 12 510,380 322,127 442,672 Share premium account 6,582,050 - - Merger reserve 16,388,755 11,450,310 16,098,130 Profit and loss account (11,121,438) (9,790,985) (12,138,572) _________ _________ _________ Equity shareholders' funds 13 12,359,747 1,981,452 4,402,230 ========== =========== =========== The interim financial statements on pages 4 to 12 were approved by the board of directors on 26 July 2004,and were signed on it's behalf by; Robert J Giddy Stuart Darling Director Director The accompanying notes are an integral part of these interim financial statements. Consolidated cash flow statement For the six months ended 30 June 2004 Notes Six months Six months Year ended ended ended 30 June 30 June 31 December 2004 2003 2003 Unaudited Unaudited Audited Â£ Â£ Â£ Net cash outflow from operating activities 14 (1,488,619) (1,696,877) (4,068,455) Returns on investments and servicing of finance Interest received 65,004 25,179 45,501 Interest paid (28,149) - (15,490) __________ __________ __________ Net cash inflow from returns on investments 36,855 25,179 30,011 __________ __________ __________ Taxation - - 231,816 __________ __________ __________ Capital expenditure and financial investment Purchase of tangible fixed assets (165,786) (292,972) (378,640) Purchase of intangible fixed assets (43,721) (6,367) (37,494) Sale of tangible fixed assets - 14,922 2,415 __________ __________ __________ Net cash outflow for capital expenditure and financial investment (209,507) (284,417) (413,719) __________ __________ __________ Net cash outflow before use of liquid resources and financing (1,661,271) (1,956,115) (4,220,347) __________ __________ __________ Management of liquid resources Increase in short-term deposits with banks (3,200,000) (448,048) (2,826,502) __________ __________ __________ Financing Issue of ordinary share capital 6,999,999 2,276,856 7,310,098 Expenses of share issue deducted from share premium (359,616) (133,377) (398,254) Cash received from exercise of share options 244,666 - - (Decrease)/increase in other borrowings (17,049) 187,500 176,270 (Decrease)/increase in bank borrowings (1,007,667) 40,111 1,007,652 __________ __________ __________ Net cash inflow from financing 5,860,333 2,371,090 8,095,766 __________ __________ __________ Increase/(decrease) in net cash 999,062 (33,073) 1,048,917 ========== ========== ========== Reconciliation of net cash flow to movement in net funds Opening net funds 3,937,259 1,069,492 1,069,492 Increase/(decrease) in net cash 999,062 (33,073) 1,048,917 Increase in deposits 3,200,000 448,048 2,826,502 Decrease/(increase) in borrowings 1,007,667 (40,111) (1,007,652) __________ __________ __________ Closing net funds 9,143,988 1,444,356 3,937,259 ========== ========== ========== Notes to the interim financial statements Six months ended 30 June 2004 1 Group structure The Group comprises the following companies: Amino Technologies plc, a public limited company formed on 24 March 2004 to act as the new holding company for the Amino group. Under a share-for-share reorganisation effected in May 2004, the Company acquired the entire issued share capital of Amino Holdings Limited. Amino Holdings Limited, formed in 1996, and formerly the holding company of the Group. It is now an intermediate holding company, which owns the entire issued share capital of Amino Communications Limited and Amino Communications, L.L.C. Amino Communications Limited, formed in 1998, and the principal trading company of the Group. Amino Communications, L.L.C., a US limited liability company established on 1 March 2004 to facilitate sales and customer support in the US market. 2 Accounting reference date The Group has changed its year-end from 31 December to 30 November in order to overcome the logistical challenges presented by the year-end holiday period. These interim results for the six months ending 30 June 2004 represent the first reported results following Amino's admission to the Alternative Investment Market on 9 June 2004. Amino's next set of results will be for the eleven months to 30 November 2004. Thereafter, it will report results made up to 31 May and 30 November each year. 3 Basis of preparation The consolidated financial statements of Amino Technologies plc have been presented under merger accounting rules. This means that the financial statements of Amino Technologies plc and those of its wholly owned subsidiary, Amino Holdings Limited have been aggregated and presented as if the two companies have always been together. Accordingly, although Amino Technologies plc acquired the entire share capital of Amino Holdings Limited on 28 May 2004 in exchange for new ordinary shares of 1p each in the share capital of Amino Technologies plc, the results of both companies are reflected in the group financial statements for the period to 30 June 2004 and the corresponding amounts are presented on the same basis. The figures for the six-month periods ended 30 June 2004 and 30 June 2003 have not been audited. The figures for the year ended 31 December 2003 have been extracted but do no constitute the consolidated financial statements of Amino Holdings Limited for that year. Those financial statements have been delivered to the Registrar of Companies and included an auditors' report, which was unqualified and did not contain a statement under Section 237 Companies Act 1985 4 Accounting policies These interim financial statements for the six months ended 30 June 2004, which have been prepared in accordance with the accounting policies set out in the consolidated financial statements of Amino Holdings Limited for the year ended 31 December 2003, do not constitute statutory accounts for the purpose of section 240 of the Companies Act 1985. 5 Turnover Turnover is wholly attributable to the Group's principal activities of developing enabling technologies and providing price competitive, flexible and rapidly deployable designs to manufacturers and vendors of set top boxes, home gateways and other communications devices. The analysis of turnover by destination is set out below. Six Six Year months months ended ended ended 30 June 30 June 31 December 2004 2003 2003 Unaudited Unaudited Audited Â£ Â£ Â£ United Kingdom and Europe 2,587,298 96,683 385,548 North America 3,555,276 45,385 412,747 Asia Pacific and Africa 1,277,191 3,835 238,303 _________ _________ _________ 7,419,765 145,903 1,036,598 ========= ========= ========= 6 Exceptional expenses Included in selling, general and administrative expenses is an amount of Â£325,742 (year ended 31 December 2003: Â£1,043,400) in respect of exceptional costs incurred by Amino Technologies plc. These exceptional costs primarily relate to legal and professional fees incurred as a result of the admission of Amino Technologies plc to the Alternative Investment Market on 9 June 2004. A further Â£359,616 of exceptional costs relating to the admission were charged against the share premium account (see note 12) Exceptional costs incurred of Â£1,043,400 in the year ended 31 December 2003 are in respect of exceptional accrued bonuses for directors, for preparing the company for a successful floatation. 7 Tax on profit/(loss) on ordinary activities The Group had recognised deferred tax assets as follows: Six Six Year months months ended ended ended 30 June 30 June 31 December 2004 2003 2003 Unaudited Unaudited Audited Â£ Â£ Â£ Amount recognised 558,000 30,000 540,000 ======== ========== ========== The directors have recognised a deferred tax asset in respect of taxable losses based on their expectation of the Group generating taxable profits in the period ahead. 8 Earnings/(loss) per share Six months Six months Year ended ended ended 30 June 30 June 31 December 2004 2003 2003 Unaudited Unaudited Audited Â£ Â£ Â£ Earnings/(loss) attributable to shareholders 1,072,468 (1,542,182) (3,889,769) ========= ========= ========= Weighted average number of shares (Basic) 45,475,417 25,685,858 29,975,156 ========== ========== ========== Weighted average number of shares (Diluted) 45,698,282 ========== The calculation of basic earnings/(loss) per share is based on profit/(loss) after taxation and the weighted average of ordinary shares of 1p each in issue during the period. For diluted earnings per share, the weighted average number of ordinary shares in issue is adjusted to assume conversion of all dilutive potential ordinary shares. The group has only one category of dilutive potential ordinary share options: those share options where the exercise price is less than the average market price of the company's ordinary shares during the period. There is no dilutive effect in respect of previous years since the Group made a loss in the year ended 31 December 2003. 9 Dividends The directors have not declared an interim dividend and do not intend to pay a dividend in respect of the current financial period ending on 30 November 2004, Thereafter, they expect to operate a progressive dividend policy, profitability permitting, commencing with an interim dividend in respect of the year ending 30 November 2005. 10 Debtors 30 June 30 June 31 December 2004 2003 2003 Unaudited Unaudited Audited Â£ Â£ Â£ Amounts falling due within one year: Trade debtors (not subject to 1,509,440 115,056 214,383 financing) Corporation tax - 261,816 - VAT 85,366 48,652 47,664 Deferred tax 1,098,000 - 540,000 Other debtors 36,345 6,827 3,317 Prepayments and accrued income 583,475 187,976 641,846 _________ _________ _________ 3,312,626 620,327 1,447,210 ========= ========= ========= Amounts falling due within one year: Trade debtors subject to financing 1,038,571 - 495,536 Less: Non-returnable amounts received - - (305,532) _________ _________ _________ 1,038,571 - 190,004 ========= ========= ========= 11 Creditors: Amounts falling due within one year 30 June 30 June 31 December 2004 2003 2003 Unaudited Unaudited Audited Â£ Â£ Â£ Bank loans and overdrafts - 40,126 702,135 Other loans 35,082 37,500 35,082 Deposits received from customers - - 386,263 Trade creditors 492,821 210,099 314,599 Taxation and social security 924,982 124,744 67,806 Other creditors - 3,459 - Accruals and deferred income 679,256 20,693 1,234,461 _________ _________ _________ 2,132,141 436,621 2,740,346 ========= ========= ========= Bank loans and overdrafts are secured by a fixed and floating charge over the assets of Amino Communications Limited. 12 Called-up share capital Ordinary shares of 1p each 30 June 30 June 31 December 2004 2003 2003 Unaudited Unaudited Audited Â£ Â£ Â£ Authorised Nominal value 1,000,000 375,000 460,000 =========== ========== ========== Number 100,000,000 37,500.000 46,000,000 =========== ========== ========== Allotted, called-up and fully-paid Nominal value 510,380 322,127 4442,672 =========== ========== ========== Number 51,038,052 32,212,700 44,267,219 =========== ========== ========== Share issues On 9 June 2004, the Company allotted 5,833,333 ordinary shares of 1p each at 120p per share for cash consideration of Â£6,999,999 and was admitted to the Alternative Investment Market in order to provide increased credibility and balance sheet strength. The net proceeds of the private placement amounted to Â£6,640,383 after costs of Â£359,616(see note 6) On 1 April 2004, Amino Holdings Limited subscribed for 99,998 ordinary shares of Â£1 each at Â£100 per share in Amino Communications Limited, consideration for which was satisfied by way of the partial repayment of an existing loan from Amino Holdings Limited to Amino Communications Limited. On 5 May 2004, Amino Communications Limited cancelled Â£9,899,802 of the share premium created from the above subscription, reducing the accumulated deficit on its profit and loss account and bringing forward the time when it may be in a position to pay dividends to Amino Holdings Limited. However, since this capital reduction was a series of intra-group transactions which eliminate on consolidation, this gives rise to a Group profit and loss reserve deficit of Â£11,121,438. Share options The Company operates share options schemes for employees and certain former employees of group companies. Substantially all options granted under these schemes will be satisfied out of ordinary shares of 1p each issued to an Employee Benefit Trust set up in February 2003. 30 June 30 June 31 December 2004 2003 2003 Unaudited Unaudited Audited Â£ Â£ Â£ Shares held by the Employee Benefit 4,064,030 4,562,500 5,500,000 Trust ========= ========== ========== Subsisting Options Options granted to current and former employees and non-executive directors 4,518,715 2,408,755 4,302,441 Other options granted 198,812 118,812 178,812 _________ _________ _________ 4,717,527 2,527,567 4,481,253 ========= ========== ========== 13 Reconciliation of movements in shareholders' funds 30 June 30 June 31 December 2004 2003 2003 Unaudited Unaudited Audited Â£ Â£ Â£ Opening shareholders' funds 4,402,230 1,494,998 1,494,998 Profit/(loss) for the period 1,072,468 (1,542,182) (3,889,769) Issue of ordinary share capital - capital 67,708 - 120,545 Issue of ordinary share capital - share premium 6,941,666 - - Issue of ordinary share capital to Employee Benefit Trust (300,000) (1,277,500) (1,277,500) Expenses of share issue (359,616) Reversal of share compensation charge - 12,098 12,098 Exercise of employee share options 244,666 - - Movement on merger reserve 290,625 3,294,038 7,941,858 __________ _________ _________ 12,359,747 1,981,452 4,402,230 ========== ========= ========= 14 Reconciliation of operating loss to net cash outflow from operating activities 30 June 30 June 31 December 2004 2003 2003 Unaudited Unaudited Audited Â£ Â£ Â£ Operating profit/(loss) 477,613 (1,597,361) (4,459,780) Share compensation charge - 12,098 12,098 Depreciation and amortisation charge (including loss on disposals) 82,410 39,012 94,850 Increase in stocks (292,105) (8,981) (173,874) Increase in debtors (1,850,451) (53,186) (1,097,421) Increase/(decrease) in creditors 93,914 (88,459) 1,555,672 _________ _________ _________ Net cash outflow from continuing operating activities (1,488,619) (1,696,877) (4,068,455) =========== =========== =========== 15 Interim Report The Interim Report will be posted to shareholders shortly and copies will be available from Amino Technologies plc's Registered Office, Prospect House, Buckingway Business Park, Anderson Road, Swavesey, Cambridge CB4 5UQ. INDEPENDENT REVIEW REPORT TO AMINO TECHNOLOGIES PLC Introduction We have been instructed by the company to review the financial information which comprises the profit and loss account, summarised balance sheet, summarised cash flow statement and the related notes. We have read the other information contained in the interim report and considered whether it contains any apparent misstatements or material inconsistencies with the financial information. Directors' responsibilities The interim report, including the financial information contained therein, is the responsibility of, and has been approved by the directors. The directors are responsible for preparing the interim report and the accounting policies and presentation applied to the interim figures should be consistent with those applied in preparing the preceding annual accounts except where any changes, and the reasons for them, are disclosed. Review work performed We conducted our review in accordance with guidance contained in Bulletin 1999/4 issued by the Auditing Practices Board for use in the United Kingdom. A review consists principally of making enquiries of group management and applying analytical procedures to the financial information and underlying financial data and, based thereon, assessing whether the accounting policies and presentation have been consistently applied unless otherwise disclosed. A review excludes audit procedures such as tests of controls and verification of assets, liabilities and transactions. It is substantially less in scope than an audit performed in accordance with United Kingdom Auditing Standards and therefore provides a lower level of assurance than an audit. Accordingly we do not express an audit opinion on the financial information. This report, including the conclusion, has been prepared for and only for the company and for no other purpose. We do not, in producing this report, accept or assume responsibility for any other purpose or to any other person to whom this report is shown or into whose hands it may come save where expressly agreed by our prior consent in writing. Review conclusion On the basis of our review we are not aware of any material modifications that should be made to the financial information as presented for the six months ended 30 June 2004. PricewaterhouseCoopers LLP Chartered Accountants Cambridge 26 July 2004 Notes: (a) The maintenance and integrity of the Amino Technology plc website is the responsibility of the directors; the work carried out by the auditors does not involve consideration of these matters and, accordingly, the auditors accept no responsibility for any changes that may have occurred to the interim report since it was initially presented on the website. (b) Legislation in the United Kingdom governing the preparation and dissemination of financial information may differ from legislation in other jurisdictions. This information is provided by RNS The company news service from the London Stock Exchange

Companies

Aferian (AFRN)

Full Archive

UK 100

Latest directors dealings

All directors dealings today