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AGM Statement

CHH

RNS Number : 5169Y
Stilo International PLC
18 May 2016
 

Stilo International plc

 

AGM Statement

 

Stilo International plc ("Stilo" or the "Company") (AIM:STL),  is holding its Annual General Meeting later today. The Company provides software tools and cloud services that help organisations create and process content in XML format, so that it can be more easily stored, managed, re-used, translated and published to multiple print and digital channels.

 

At the meeting Chairman David Ashman will make the following statement:

Overall, trading in 2016 is in line with management expectations.

We continue to invest significantly in the ongoing development of AuthorBridge, our new cloud XML authoring tool. Following extensive testing by a very prestigious client, it is now scheduled to be deployed by them in full production in May 2016, representing a significant milestone for the Company.

The Company remains un-geared, and cash at 30 April 2016 stood at £1,205,000 (31 December 2015: £1,318,000).

 

Subject to approval by shareholders at the meeting, a final dividend for the year ended 31 December 2015 of 0.05 pence per Ordinary Share will be paid on 23 May 2016 to those shareholders on the register at 22 April 2016.

 

 

 

18 May 2016

 

Enquiries:

 

Stilo International plc                                                                        +44 (0) 1793 441444

Les Burnham, Chief Executive

Richard Alsept, Chief Financial Officer

 

SPARK Advisory Partners                                                                +44 (0) 203 368 3554

Nominated Adviser

Neil Baldwin

Mark Brady

   

SI Capital                                                                                         +44 (0) 1483 413500

Broker

Nick Emerson

Andy Thacker

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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