12/10/2017

ARCONTECH GROUP PLC

(“Arcontech”, the “Company” or the “Group”)

Issue of Equity & Director/PDMR Shareholding

Arcontech (AIM: ARC), the provider of products and services for real-time financial market data processing and trading, announces that it has applied to the London Stock Exchange for 174,603 ordinary shares of £0.125 each in the Company (“Ordinary Shares”) to be admitted to trading on AIM (“Admission”). The new Ordinary Shares are being issued subsequent to an exercise of options over Ordinary Shares at a price of 17.5p by Richard Last, Non-Executive Chairman of the Company and Michael Levy, Finance Director of the Company.

Director:

Richard Last
Ordinary Shares held prior to exercise: 1,596,421
Options over Ordinary Shares exercised: 95,238
Ordinary Shares held on Admission: 1,691,659
Percentage of issued share capital held on Admission: 13.2%

Michael Levy
Ordinary Shares held prior to exercise: 50,295
Options over Ordinary Shares exercised: 79,365
Ordinary Shares held on Admission: 129,660
Percentage of issued share capital held on Admission: 1.0%

It is expected that Admission will become effective and trading will commence in the new Ordinary Shares at 8.00 a.m. on 18 October 2017. On Admission the Company’s issued share capital will comprise 12,802,994 Ordinary Shares, of which none are held in treasury. Therefore the total number of Ordinary Shares in the Company with voting rights will be 12,802,994. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA’s Disclosure Guidance and Transparency Rules.

Enquiries:

Arcontech Group plc
020 7256 2300
Richard Last, Chairman and Non-Executive Director
Matthew Jeffs, Chief Executive

finnCap Ltd (Nomad & Broker)
020 7220 0500
Carl Holmes/Simon Hicks

To access more information on the Group please visit: http://www.arcontech.com
 
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1. Details of the person discharging managerial responsibilities / person closely associated
a) Name: Richard Last – Non-Executive Chairman, Michael Levy – Finance Director

2. Reason for the Notification
a) Position/status: See 1(a) – PDMR’s of the Company
b) Initial notification/Amendment: Initial notification

3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name: Arcontech Group PLC
b) LEI: 213800O7PM9V79TP7523

4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the Financial instrument, type of instrument:
Ordinary Shares of £0.125
Identification code: GB0003353371
b) Nature of the transaction:
Exercise of Options over Ordinary Shares
c) Price(s) and volume(s):
Richard Last
Price(s): 17.5p
Volume(s): 95,238
Michael Levy
Price(s): 17.5p
Volume(s): 79,365
d) Aggregated information:
• Aggregated volume
• Price See 4(c)
e) Date of the transaction: 18 October 2017
f) Place of the transaction: London Stock Exchange, AIM Market (XLON)

26/09/2017

ARCONTECH GROUP PLC

(“Arcontech” or the “Company”)

Result of AGM and Dividend Timetable

Arcontech (AIM: ARC), the provider of products and services for real-time financial market data processing and trading, is pleased to announce that at the Annual General Meeting of the Company held earlier today, all Resolutions were duly passed.

Accordingly, the Company confirms the timetable for its maiden dividend of 1 pence per Ordinary Shares is as follows:

Ex-Dividend Date:
24 August 2017

Record Date:
25 August 2017

Payment Date:
29 September 2017

Enquiries:

Arcontech Group plc
Richard Last, Chairman and Non-Executive Director
07713 214484
Matthew Jeffs, Chief Executive
020 7256 2300

finnCap Ltd (Nomad & Broker)
Carl Holmes/Simon Hicks
020 7220 0500

To access more information on the Group please visit: http://www.arcontech.com

22/09/2017

ARCONTECH GROUP PLC

(“Arcontech”, the “Company” or the “Group”)

Issue of Equity

Arcontech (AIM: ARC), the provider of products and services for real-time financial market data processing and trading, announces that it has applied to the London Stock Exchange for 21,429 ordinary shares of £0.125 each in the Company (“Ordinary Shares”) to be admitted to trading on AIM (“Admission”). The new Ordinary Shares are being issued subsequent to an exercise of options over Ordinary Shares by an employee of the Company, at a price of 17.5p.

It is expected that Admission will become effective and trading will commence in the new Ordinary Shares at 8.00 a.m. on 28 September 2017. On Admission the Company’s issued share capital will comprise 12,628,391 Ordinary Shares, of which none are held in treasury. Therefore the total number of Ordinary Shares in the Company with voting rights will be 12,628,391. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA’s Disclosure Guidance and Transparency Rules.

Enquiries:

Arcontech Group plc
020 7256 2300
Richard Last, Chairman and Non-Executive Director
Matthew Jeffs, Chief Executive

finnCap Ltd (Nomad & Broker)
020 7220 0500
Carl Holmes/Simon Hicks

To access more information on the Group please visit: http://www.arcontech.com

25/08/2017

ARCONTECH GROUP PLC

(“Arcontech”, the “Company” or the “Group”)

Posting of Annual Report & Notice of AGM

Arcontech (AIM: ARC), the provider of products and services for real-time financial market data processing and trading, confirms that its Annual Report and Accounts for the year ended 30 June 2017, together with the Notice of the Annual General Meeting, have been posted to shareholders. The documents are available to download from the Company’s website http://www.arcontech.com

The Company’s Annual General Meeting will be held at the Company’s offices at 1st Floor, 11-21 Paul Street, London EC2A 4JU on 26 September 2017 at 10.00 a.m.

Enquiries:

Arcontech Group plc
020 7256 2300
Richard Last, Chairman and Non-Executive Director
Matthew Jeffs, Chief Executive

finnCap Ltd (Nomad & Broker)
020 7220 0500
Carl Holmes/Simon Hicks

To access more information on the Group please visit: http://www.arcontech.com

Please click here to view details.

Please click here to view details.

17/08/2017

ARCONTECH GROUP PLC

(“Arcontech”, the “Company” or the “Group”)

Issue of Equity & Director / PDMR Shareholding

Arcontech (AIM: ARC), the provider of products and services for real-time financial market data processing and trading, announces that it has applied to the London Stock Exchange for 76,190 ordinary shares of £0.125 each in the Company (“Ordinary Shares”) to be admitted to trading on AIM (“Admission”). The new Ordinary Shares are being issued subsequent to an exercise of options over Ordinary Shares by Darren Lewis, Head of Development and a PDMR of the Company, at a price of 17.5p per Ordinary Share.

It is expected that Admission will become effective and trading will commence in the new Ordinary Shares at 8.00 a.m. on 23 August 2017. On Admission the Company’s issued share capital will comprise 12,606,962 Ordinary Shares, of which none are held in treasury. Therefore the total number of Ordinary Shares in the Company with voting rights will be 12,606,962. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA’s Disclosure Guidance and Transparency Rules.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

1. Details of the person discharging managerial responsibilities / person closely associated
a) Names: Darren Lewis – Head of Development
2. Reason for the Notification
a) Position/status: See 1 (a) above – PDMR of the Company
b) Initial notification/ Amendment: Initial Notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name: Arcontech Group plc
b) LEI: 213800O7PM9V79TP7523
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the Financial instrument, type of instrument Ordinary Shares of £0.125
Identification code: GB00BDBBJZ03
b) Nature of the transaction: Exercise of Options over Ordinary Shares
c) Price(s) and volume(s)
Exercise Price: 17.5 pence
Volume: 76,190
d) Aggregated information: • Aggregated volume • Price See 4 (c) above
e) Date of the transaction: 16 August 2017
f) Place of the transaction: Outside a trading venue

Enquiries:

Arcontech Group plc
020 7256 2300
Richard Last, Chairman and Non-Executive Director
Matthew Jeffs, Chief Executive

finnCap Ltd (Nomad & Broker)
020 7220 0500
Carl Holmes/Simon Hicks

To access more information on the Group please visit: http://www.arcontech.com

Arcontech – issue of equity 17 08 2017

14/08/2017

ARCONTECH GROUP PLC

(“Arcontech”, the “Company” or the “Group”)

Final Results for the year ended 30 June 2017

Arcontech (AIM: ARC), the provider of products and services for real-time financial market data processing and trading, is pleased to announce its final audited results for the year ended 30 June 2017.

Financial Highlights:

• Revenue of £2,307,751 (2016:£2,141,630)
• Adjusted profit before tax* of £441,996 (2016: £329,260)
• Profit before tax of £373,263 (2016:£302,329)
• Cash balance of £2,636,471 (2016:£1,633,159)
• Basic earnings per share of 3.79p (2016 3.38p)
• Maiden final dividend of 1 pence per share

*Adjusted for share-based payments

Operational Highlights:

• Healthy injection of new contracts mainly through additional sales of server-side infrastructure solutions to existing customers, with full benefit to come in 2017/18

• New desktop software solution currently in proof of concept trials at five Tier 1 banks

• Continued investment in sales & marketing with increased sales focus on Asia

• Increased participation in the fintech community with wider benefits for the group

• Strong cash generation

Commenting on the results, Richard Last, Chairman of Arcontech said:
“Arcontech is a well-run business where costs, including continued product investment, are well controlled such that increases in revenue materially improve profitability. Our focus is, therefore, on winning new business. Whilst we believe the opportunities for increased sales exist, the sales cycle is unpredictable and remains longer than we would like. Our prospects are positive, albeit they need to be tempered against uncertainties in the investment banking and finance sectors, as a result of the low interest rate environment and issues following Brexit.”

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

Enquiries:

Arcontech Group plc
020 7256 2300
Richard Last, Chairman and Non-Executive Director
Matthew Jeffs, Chief Executive

finnCap Ltd (Nomad & Broker)
020 7220 0500
Carl Holmes/Simon Hicks

To access more information on the Group please visit: http://www.arcontech.com

Please click here to view full details of the Final Results RNS

26/07/2017

ARCONTECH GROUP PLC

(“Arcontech”, the “Company” or the “Group”)

Issue of Equity

Arcontech (AIM: ARC), the provider of products and services for real-time financial market data processing and trading, announces that it has applied to the London Stock Exchange for 10,952 ordinary shares of £0.125 each in the Company (“Ordinary Shares”) to be admitted to trading on AIM (“Admission”). The new Ordinary Shares are being issued subsequent to an exercise of options over Ordinary Shares by an employee of the Company, at a price of 17.5p.

It is expected that Admission will become effective and trading will commence in the new Ordinary Shares at 8.00 a.m. on 1 August 2017. On Admission the Company’s issued share capital will comprise 12,530,772 Ordinary Shares, of which none are held in treasury. Therefore the total number of Ordinary Shares in the Company with voting rights will be 12,530,772. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA’s Disclosure Guidance and Transparency Rules.

Enquiries:

Arcontech Group plc
020 7256 2300
Richard Last, Chairman and Non-Executive Director
Matthew Jeffs, Chief Executive

finnCap Ltd (Nomad & Broker)
020 7220 0500
Carl Holmes/Simon Hicks

To access more information on the Group please visit: http://www.arcontech.com

06/07/2017

ARCONTECH GROUP PLC

(“Arcontech”, the “Company” or the “Group”)

Issue of Equity

Arcontech (AIM: ARC), the provider of products and services for real-time financial market data processing and trading, announces that it has applied to the London Stock Exchange for 18,413 ordinary shares of £0.125 each in the Company (“Ordinary Shares”) to be admitted to trading on AIM (“Admission”). The new Ordinary Shares are being issued subsequent to an exercise of options over Ordinary Shares by an employee of the Company, at a price of 17.5p.

It is expected that Admission will become effective and trading will commence in the new Ordinary Shares at 8.00 a.m. on 12 July 2017. On Admission the Company’s issued share capital will comprise 12,519,820 Ordinary Shares, of which none are held in treasury. Therefore the total number of Ordinary Shares in the Company with voting rights will be 12,519,820. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA’s Disclosure and Transparency Rules.

Enquiries:

Arcontech Group plc, 020 7256 2300
Richard Last, Chairman and Non-Executive Director
Matthew Jeffs, Chief Executive

finnCap Ltd (Nomad & Broker), 020 7220 0500
Carl Holmes/Simon Hicks

To access more information on the Group please visit: http://www.arcontech.com

03/07/2017

ARCONTECH GROUP PLC

(“Arcontech”, the “Company” or the “Group”)

Issue of Equity

Arcontech (AIM: ARC), the provider of products and services for real-time financial market data processing and trading, announces that it has applied to the London Stock Exchange for 30,952 ordinary shares of £0.125 each in the Company (“Ordinary Shares”) to be admitted to trading on AIM (“Admission”). The new Ordinary Shares are being issued subsequent to an exercise of options over Ordinary Shares by an employee of the Company, at a price of 17.5p.

It is expected that Admission will become effective and trading will commence in the new Ordinary Shares at 8.00 a.m. on 7 July 2017. On Admission the Company’s issued share capital will comprise 12,501,407 Ordinary Shares, of which none are held in treasury. Therefore the total number of Ordinary Shares in the Company with voting rights will be 12,501,407. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA’s Disclosure and Transparency Rules.

Enquiries:

Arcontech Group plc
020 7256 2300
Richard Last, Chairman and Non-Executive Director
Matthew Jeffs, Chief Executive

finnCap Ltd (Nomad & Broker)
020 7220 0500
Carl Holmes/Simon Hicks

To access more information on the Group please visit: http://www.arcontech.com

26/06/2017

ARCONTECH GROUP PLC

(“Arcontech”, the “Company” or the “Group”)

Director / PDMR Shareholding

Arcontech (AIM: ARC), the provider of products and services for real-time financial market data processing and trading, announces that it has received notification that Matthew Jeffs, Chief Executive of the Company, purchased 20,000 ordinary shares of £0.125 (“Ordinary Shares”) at an average price of 61.48 pence per share (the “Transaction”).

Following the Transaction, Mr Jeffs’ total beneficial holding in Arcontech is 450,000 Ordinary Shares, representing approximately 3.6% of the Company’s issued share capital.

Enquiries:

Arcontech Group plc
020 7256 2300
Richard Last, Chairman and Non-Executive Director
Matthew Jeffs, Chief Executive

finncap Ltd (Nomad & Broker)
020 7220 0500
Carl Holmes/Simon Hicks

To access more information on the Group please visit: http://www.arcontech.com

1. Details of the person discharging managerial responsibilities / person closely associated
a) Name: Matthew Jeffs

4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the Financial instrument, type of instrument: Ordinary shares of £0.125 Identification code: GB00BDBBJZ03
b) Nature of the transaction: Purchase of Ordinary Shares
c) Price(s) and volume(s):
Price(s)/Volume(s)
59.99p/3,000
60p/2,000
61p/5,000
62p/10,000
d) Aggregated information (Aggregated volume/Price): Purchase of 20,000 Ordinary Shares at an average price of 61.48 pence per Ordinary Share
e) Date of the transaction: 26 June 2017
f) Place of the transaction: London Stock Exchange, AIM Market (XLON)

13/06/2017

ARCONTECH GROUP PLC

(“Arcontech”, the “Company” or the “Group”)

Director / PDMR Shareholding

Arcontech (AIM: ARC), the provider of products and services for real-time financial market data processing and trading, announces that it has received notification that Matthew Jeffs, Chief Executive of the Company, has today gifted 28,000 ordinary shares of £0.125 each in the Company (“Ordinary Shares”) to his wife, Suzanne Jeffs. Subsequently Mrs Jeffs has transferred the shares to an Individual Savings Account (“ISA”) in her own name. In addition, Mr Jeffs has also transferred 28,000 Ordinary Shares in the Company into an ISA in his own name. Matthew Jeffs’ total beneficial holding in Arcontech remains unchanged at 430,000 Ordinary Shares representing approximately 3.44 per cent of the issued share capital.

Enquiries:

Arcontech Group plc
020 7256 2300
Richard Last, Chairman and Non-Executive Director
Matthew Jeffs, Chief Executive

finnCap Ltd (Nomad & Broker)
020 7220 0500
Carl Holmes/Simon Hicks

To access more information on the Group please visit: http://www.arcontech.com

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

Director PDMR Sharedealing

15/05/2017

ARCONTECH GROUP PLC

(“Arcontech”, the “Company” or the “Group”)

Issue of Equity

Arcontech (AIM: ARC), the provider of products and services for real-time financial market data processing and trading, announces that it has applied to the London Stock Exchange for 31,746 ordinary shares of £0.125 each in the Company (“Ordinary Shares”) to be admitted to trading on AIM (“Admission”). The new Ordinary Shares are being issued subsequent to an exercise of options over Ordinary Shares by an employee of the Company, at a price of 17.5p.

It is expected that Admission will become effective and trading will commence in the new Ordinary Shares at 8.00 a.m. on 16 May 2017. On Admission the Company’s issued share capital will comprise 12,470,455 Ordinary Shares, of which none are held in treasury. Therefore the total number of Ordinary Shares in the Company with voting rights will be 12,470,455. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA’s Disclosure and Transparency Rules.

Enquiries:

Arcontech Group plc
020 7256 2300
Richard Last, Chairman and Non-Executive Director
Matthew Jeffs, Chief Executive

finnCap Ltd (Nomad & Broker)
020 7220 0500
Carl Holmes/Simon Hicks

To access more information on the Group please visit: http://www.arcontech.com

Please click here to view details

08/05/2017

ARCONTECH GROUP PLC

(“Arcontech”, the “Company” or the “Group”)

Issue of Equity & Director / PDMR Shareholding

Arcontech (AIM: ARC), the provider of products and services for real-time financial market data processing and trading, announces that it has applied to the London Stock Exchange for 47,619 ordinary shares of £0.125 each in the Company (“Ordinary Shares”) to be admitted to trading on AIM (“Admission”). The new Ordinary Shares are being issued subsequent to an exercise of options over Ordinary Shares by Sarah Wisbey, Administration Director and a PDMR of the Company, at a price of 17.5p per Ordinary Share.

It is expected that Admission will become effective and trading will commence in the new Ordinary Shares at 8.00 a.m. on 12 May 2017. On Admission the Company’s issued share capital will comprise 12,438,709 Ordinary Shares, of which none are held in treasury. Therefore the total number of Ordinary Shares in the Company with voting rights will be 12,438,709. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA’s Disclosure and Transparency Rules.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

Enquiries:

Arcontech Group plc
020 7256 2300
Louise Barton, Chairman of the Remuneration Committee and Non-Executive Director
Michael Levy – Group Finance Director and Company Secretary

finnCap Ltd (Nomad & Broker)
020 7220 0500
Carl Holmes/Simon Hicks

To access more information on the Group please visit: http://www.arcontech.com

Issue of Equity & Director PDMR Shareholding

Please click here to view details

26/04/2017

ARCONTECH GROUP PLC

(“Arcontech”, the “Company” or the “Group”)

Grant of Options and Director/PDMR Shareholdings

Arcontech (AIM: ARC), the provider of products and services for real-time financial market data processing and trading, announces that on 25 April 2017, the Company granted options (“Options”) over a total of 230,397 ordinary shares in the capital of the Company (“Ordinary Shares”) pursuant to the Arcontech Group plc Share Option Scheme. Of these Options, 135,397 were granted to Persons Discharging Managerial Responsibilities (“PDMRs”) on behalf of the Company, with 95,000 granted to other employees.

The Options are exercisable at 64.5 pence per Ordinary Share, being the closing mid-market price of an Ordinary Share on 24 April 2017, the last dealing day prior to the grant of the Options. The Options shall vest and may be exercised at any time on or after 25 April 2020, being the third anniversary of the date of the grant. The Options will lapse on the tenth anniversary of the date of grant.

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

Enquiries:

Arcontech Group plc
020 7256 2300
Louise Barton, Chairman of the Remuneration Committee and Non-Executive Director
Michael Levy – Group Finance Director and Company Secretary

finnCap Ltd (Nomad & Broker)
020 7220 0500
Carl Holmes/Simon Hicks

To access more information on the Group please visit: http://www.arcontech.com

Arcontech grant of options and Director PDMR Shareholdings

20/03/2017

ARCONTECH GROUP PLC

(“Arcontech”, the “Company” or the “Group”)

Grant of Options / Director Shareholding

Arcontech (AIM: ARC), the provider of products and services for real-time financial market data processing and trading, announces that Matthew Jeffs, CEO of the Company, was granted 127,516 options over ordinary shares in the Company (“Ordinary Shares”) on 23 December 2016 at an exercise price of 12.5 pence, which, due to an administrative oversight was not announced at the relevant time.

The options have been granted as part of Mr. Jeffs original, pre-agreed, remuneration package at the time of his appointment on 23 April 2013, when he was eligible to be awarded a total of 367,516 options at the prevailing market price at the time, being 12.5 pence per share. The outstanding balance of share options, which have been awarded on the same pre- agreed terms, will vest and may be exercised between 1 September 2017 and 31 August 2021 and were subject to certain performance criteria being met. Following this option grant Mr. Jeffs has a total of 367,516 options over Ordinary Shares.

Enquiries:

Arcontech Group plc 020 7256 2300
Louise Barton, Chairman of the Remuneration Committee and Non-Executive Director
Michael Levy – Finance Director and Company Secretary

finnCap Ltd (Nomad & Broker) 020 7220 0500
Carl Holmes/Simon Hicks

To access more information on the Group please visit: http://www.arcontech.com

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

Arcontech – grant of options

06/03/2017

ARCONTECH GROUP PLC

(“Arcontech” or the “Group”)

INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2016

Arcontech (AIM: ARC), the provider of products and services for real-time financial market data processing and trading, is pleased to report its unaudited results for the six months ended 31 December 2016.

Highlights:

• Turnover £1,115,232 (six months ended 31 December 2015: £1,132,246).
• Profit before tax increased by 3% to £216,270 (six months ended 31 December 2015: £209,660).
• Annual run-rate of recurring revenues at 31 December 2016 increased by 21% to £2.3 million (at 31 December 2015: £1.9 million).
• Net cash of £2,089,855 as at 31 December 2016 (31 December 2015: £1,538,519).

Richard Last, Chairman of Arcontech Group, said:

“The Board is pleased to report that the Group has continued to make progress. Revenue lost in early 2015 has been replaced such that recurring annual licence fees amounted to £2.3m as at 31 December 2016, a 21% increase compared to the level at 31 December 2015. In addition, the Group has continued to invest in product development. The launch of a new desktop software solution is gaining positive interest with existing customers. The Board expects results for the full year will be ahead of current market expectations and remains positive about the Group’s prospects.”
Enquiries:

Arcontech Group plc 020 7256 2300
Richard Last, Chairman and Non-Executive Director
Matthew Jeffs, Chief Executive

finnCap Ltd (Nomad & Broker) 020 7220 0500
Carl Holmes/Simon Hicks

To access more information on the Group please visit: http://www.arcontech.com

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

The interim report will only be available to view online enabling the Group to communicate in a more environmentally friendly and cost effective manner.

Chairman’s Statement

I am pleased to report that Arcontech has continued to grow profits in the six month period ended 31 December 2016, reporting an operating profit of £212,006 (2015: £205,889) and profit before tax of £216,270 (2015: £209,660) despite a small reduction in turnover to £1,115,232 for the six month period ended 31 December 2016, compared to £1,132,246 for the corresponding period in 2015. This reflects the residual impact of the termination of a significant contract with an Asia focussed bank (announced on 26 March 2015), effective from 1 January 2016. In the six month period ended 31 December 2016 the Group has continued to grow its recurring annual licence fees to an annualised £2.3 million by the end of this period, compared to £1.9 million as at 31 December 2015. Fully diluted earnings per share were 2.45 pence per share compared to 2.50 pence per share for the corresponding period last year.

During the period we have continued to invest in the enhancement of our existing products to remain innovative and be in a position to respond to customers’ changing needs. Additionally, we have allocated development resource and investment to building a new desktop software solution which is currently in the process of undergoing proof of concept trials at five Tier 1 banks. We believe this area holds significant potential for Arcontech.

Sales cycles remain long and unpredictable due mainly to the size of the organisations that the Group has as customers and the nature of our prospects. We continue to invest in sales and marketing and have recently employed a salesman in Asia to support our work with existing clients in the region and address the growing Asian financial markets.

Financing

Arcontech had net cash balances at 31 December 2016 of £2,089,855 (31 December 2015: £1,538,519). This reflects a cash conversion of 200% of operating profit (2015: 220%) which is in part due to timing of the collection of year-end debtors as well as good profit performance for the period. We expect the Group to maintain a good cash conversion ratio in the future.
The Group’s positive financial position provides a sound basis for continued investment in product development and increased investment in sales and marketing resources and activity.
Dividend and Share Consolidation

At last year’s Annual General Meeting shareholders supported the resolution to consolidate our shares which has subsequently been successfully completed. This paves the way to paying dividends as the business continues to progress. Although no interim dividend is proposed, subject to continued growth and meeting expectations for the business, the Board will review the payment of a dividend in respect of the full year ending 30 June 2017.

Employees

Arcontech is made up of a small, highly dedicated and productive team of people without whom the Group would not have been able to achieve the results, both financial and product-related. We thank them and look forward to continuing to work together in the future.

Outlook

The Board is pleased to report that the Group has continued to make good progress. Revenue lost in early 2015 has been replaced such that recurring annual licence fees amounted to £2.3m as at 31 December 2016, a 21% increase compared to the level at 31 December 2015. In addition, the Group has continued to invest in product development. The launch of a new desktop software solution is gaining positive interest with existing customers. The Board expects results for the full year will be ahead of current market expectations and remains positive about the Group’s prospects.

Richard Last
Chairman and Non-Executive Director

Arcontech interims 31 December 2016