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27/09/2018

ARCONTECH GROUP PLC

(“Arcontech” or the “Company”)

Result of AGM

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.

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

Please click here to view details

If you will be attending the Annual General Meeting, please ensure you bring proof of identity and share ownership.

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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 2018, 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 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 27 September 2018 at 10.00 a.m.

If you will be attending the Annual General Meeting, please ensure you bring proof of identity and share ownership.

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: www.arcontech.com

23/08/2018

ARCONTECH GROUP PLC

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

Final Results for the year ended 30 June 2018

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 2018.

Financial Highlights:

• Revenue of £2,519,699 (2017: £2,307,751)
• Adjusted profit before tax* of £626,856 (2017: £441,996)
• Profit before tax of £575,632 (2017: £373,263)
• Cash balance of £3,210,058 (2017: £2,636,471)
• Fully diluted earnings per share of 7.09p (2017: 3.68p)
• Final dividend of 1.3 pence per share (2017: 1.0 pence per share)

*Adjusted for share-based payments

Operational Highlights:

• Secured two clients for the new Desktop software solution, different uses and global deployment
• Proof of concept trials at six more Tier 1 banks
• Secured first client on the African continent
• Continued investment in sales & marketing
• Healthy injection of new contracts through expanding server-side infrastructure solutions and new Desktop software solution to existing customers
• Strong cash generation and recurring revenue

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: www.arcontech.com

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

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10/07/2018

ARCONTECH GROUP PLC

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

Trading Update / Notice of Results

Arcontech (AIM: ARC), the provider of products and services for real-time financial market data processing and trading, announces that profit for the year ended 30 June 2018 is comfortably ahead of market expectations. Unaudited net cash at 30 June 2018 amounted to £3.2m (At 30 June 2017, £2.6m).

Notice of Results
The Company’s results for the 12 months ended 30 June 2018 are expected to be announced on 23 August 2018 and the Directors look forward to updating shareholders with further details at that time.

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 – Corporate Finance
Camille Gochez – ECM

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.

20/04/2018

ARCONTECH GROUP PLC

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

Issue of Equity and 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 407,516 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 exercises of options over Ordinary Shares by Matthew Jeffs (Chief Executive of the Company) and Louise Barton (Non-Executive Director of the Company).

Director: Matthew Jeffs
Ordinary Shares held prior to exercise: 522,484
Options over Ordinary Shares exercised: 367,516
Ordinary Shares held on Admission: 890,000
Percentage of issued share capital held on Admission: 6.7%

Director: Louise Barton
Ordinary Shares held prior to exercise: 1,031,416
Options over Ordinary Shares exercised: 40,000
Ordinary Shares held on Admission: 1,071,416
Percentage of issued share capital held on Admission: 8.1%

It is expected that Admission will become effective and trading will commence in the new Ordinary Shares at 8.00 a.m. on 26 April 2018. On Admission the Company’s issued share capital will comprise 13,210,510 Ordinary Shares, of which none are held in treasury. Therefore the total number of Ordinary Shares in the Company with voting rights will be 13,210,510. 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

Please click here to view details.

29/03/2018

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 purchased an aggregate of 42,000 Ordinary Shares of £0.125 each (“Ordinary Shares”) at an average price of 62.24 pence per Ordinary Share (the “Transaction”). Mr Jeffs’ daughter, a person closely associated to him for the purposes of MAR, also today purchased 30,484 shares at 62.4p pence per Ordinary Share.

Following the Transaction, Mr Jeffs’ total beneficial holding in Arcontech is 522,484 Ordinary Shares, representing approximately 4.08% 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

Please click here to view details.

22/02/2018

ARCONTECH GROUP PLC

(“Arcontech” or the “Group”)

INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2017

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 2017.

Highlights:

• Turnover increased by 9% to £1,213,776 (six months ended 31 December 2016: £1,115,232)
• Profit before tax increased by 10% to £237,581 (six months ended 31 December 2016: £216,270)
• Annual run-rate of recurring revenues at 31 December 2017 increased by 13% to £2.43 million (at 31 December 2016: £2.15 million). Net cash of £2,663,935 as at 31 December 2017 (31 December 2016: £2,089,855)
• Trading in line and on track to meet management’s full year expectations

Richard Last, Chairman of Arcontech Group, said:

“Arcontech’s ongoing investment in product development and enhancement, coupled with the flexibility provided by its strong balance sheet and high level of recurring revenues, supports the Board’s confidence in the Groups long term future and its ability to meet the challenges in its business environment. Although we remain mindful of the long and unpredictable sales cycles we often face and the challenges this brings in predicting the timing of contract wins, the Board expects results for the full year to be in line with expectations.”

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 2017, reporting an operating profit of £231,248 (2016: £212,006) and profit before tax of £237,581 (2016: £216,270). Turnover increased by 9% to £1,213,776 compared to the corresponding six-month period where turnover amounted to £1,115,232. This reflects the continued steady growth in recurring annual licence fees, which on an annualised basis amounted to £2.43 million at 31 December 2017, compared to £2.15 million as at 31 December 2016.

Fully diluted earnings per share were 2.36 pence per share compared to 2.45 pence per share for the corresponding period last year. This reduction is attributable to the reduction in tax credits in respect of our investment in eligible product Research and Development compared to the same period last year.

During the half year to 31 December 2017 we have secured another client for our new desktop software solution, now giving Arcontech a presence in two large global financial institutions. This new client sees much potential in the offering and we hope to expand its usage across the organisation as we jointly identify and incorporate additional features and functionality to enable greater efficiencies to be achieved. Details of the product enhancements have been well received by our trial base of Tier 1 banks. Usage of our Excelerator product has also grown with 70 additional positions across three existing clients.

For the server-side of the business we have been busy installing the previously contracted and reported MVCS upgrades which have gone to plan. Arcontech has also signed an agreement with a new client for our real-time cache and calculations engine which is scheduled to be commissioned in the near future.

As usual the sales cycles remain long and unpredictable due mainly to the nature of our customer base and our prospects. To an extent the situation has been exacerbated by our client’s need to focus on meeting MiFID II and GDPR requirements. We have relocated our Hong Kong sales resource to London to enable us to focus on the larger global organisations which are in the main, headquartered in London, New York and Europe.

Financing

Arcontech had net cash balances at 31 December 2017 of £2,663,935 (31 December 2016: £2,089,855). The small increase in cash resources between the year-end and 31 December, 2017, reflects the payment of our maiden dividend and timing issues related to the collection of year-end debtors and the Research and Development tax credit. The Group’s strong financial position provides a sound basis for future growth and continued investment in product development.

Dividend

Although no interim dividend is proposed, subject to continued growth and meeting expectations for the business, the Board expects to continue its policy of paying a dividend following the announcement of its full year results.

Employees

I should like to take this opportunity to thank our employees and Directors for their hard work and dedication, and I look forward to continuing to work together in the future.

Outlook

Arcontech’s ongoing investment in product development and enhancement, coupled with the flexibility provided by its strong balance sheet and high level of recurring revenues, supports the Board’s confidence in the Groups long term future and its ability to meet the challenges in its business environment. Although we remain mindful of the long and unpredictable sales cycles we often face and the challenges this brings in predicting the timing of contract wins, the Board expects results for the full year to be in line with expectations.

Richard Last
Chairman and Non-Executive Director

Arcontech Interim Results for the six months ended 31 December 2017