ARCONTECH GROUP PLC
(“Arcontech” or the “Company”)
Trading Update / Notice of Results
Arcontech (AIM: ARC), the provider of products and services for real-time financial market data processing and trading, is pleased to announce that profit for the year ended 30 June 2020 is expected to be in line with market expectations. Unaudited net cash at 30 June 2020 amounted to £5.01 million (at 30 June 2019: £4.06 million). We have continued to invest in sales and marketing resources and confirm that the Company has not furloughed any staff, drawn on any publicly available funding or delayed payment of PAYE and VAT.
Subject to shareholder approval at the Annual General Meeting, the Board anticipates paying a dividend in line with the Company’s dividend policy.
Financial expectations noted above are preliminary and subject to year-end financial close and audit review processes.
Notice of Results
The Company’s results for the 12 months ended 30 June 2020 are expected to be announced in late August 2020 and the Board look forward to updating shareholders with further details at that time.
|Arcontech Group plc|
|Richard Last, Chairman and Non-Executive Director||07713 214484|
|Matthew Jeffs, Chief Executive||020 7256 2300|
|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: 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.