REG - Arcontech Group PLC - Trading Update / Notice of Results

ArcontechAnnouncement

15/07/2020 07:00

RNS Number : 0072T
  
Arcontech Group PLC
  
15 July 2020
  
 

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). The Company has continued to invest in sales and marketing resources and confirms that no staff have been furloughed, and that the Company has not 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 looks forward to updating shareholders with further details at that time.
 



Enquiries:
 








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.


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