AGM Statement

RNS Number : 2809M

Vianet Group PLC

15 July 2014

 



Press Release

15 July 2014

Vianet Group plc

("Vianet" or the "Group")

AGM Statement

Vianet Group plc (AIM:VNET), the leading provider of real time monitoring systems and data management services for the leisure, vending, and forecourt services 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:

"The first quarter of the current year has started largely as anticipated with trading in the pub sector remaining flat ahead of the implementation of the Statutory Code, which was announced by the Government in early June.

"The Group's other business areas have made good progress.  In Vending Solutions, our coffee vending telemetry systems have continued to make further gains and Vianet Fuel Solutions is trading profitably.

"The Board is pleased that the uncertainty around the Statutory Code is being lifted as this has had, for some time, a detrimental impact on the Group's core beer monitoring business.  Whilst the Company is satisfied with the outcome, the Board remains conscious that the legislative implementation of the wider Statutory Code may remain a distraction for our customers for a period of time yet.

"The Board is optimistic for the medium and long term prospects of the Group and this confidence is reflected in its decision to maintain the final dividend of 4p per share.  The Group's progress provides an encouraging outlook for 2015 and the Board remains committed to delivering shareholder value."

- Ends -

Enquiries:

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

Cenkos Securities plc
Stephen Keys / Mark Connelly	Tel: [phone]
	www.cenkos.com

Media enquiries:

Abchurch Communications
Henry Harrison-Topham / Alistair de Kare-Silver [e-mail]	Tel: [phone] www.abchurch-group.com

About Vianet

The Vianet Group is focused on the provision of real time monitoring systems, data management solutions and associated products for the leisure, vending and petrol forecourt 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 in vending telemetry, gaming machine data and petrol forecourt services.

Headquartered in Stockton-on-Tees, Vianet employs more than 230 people. For further information, please visit www.vianetplc.com

 

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