REG - Dillistone Group PLC - Contract & Notice of Results

DillistoneAnnouncement

30/03/2023 07:00

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RNS Number : 6742U  Dillistone Group PLC  30 March 2023
 

Dillistone Group Plc

("Dillistone", the "Company" or the "Group")

Contract win and notice of results

 

Dillistone Group Plc, the AIM quoted supplier of software and services for
recruiters, is delighted to announce a potentially significant contract win
with a leading UK based recruitment organisation and notice of its upcoming
results announcement.

Contract Win:

The Group today announces a contract win with a well-known leading UK based
contingency recruiter. The contract includes a significant amount of tailored
development work which will determine the final value of the contract. The sum
total of this development work and the ongoing licence revenue is expected by
the Board to result in the contract being the largest won since the
restructuring of the Group in January 2020.

It is expected that a significant part of the non-recurring revenues will be
realised over the course of the current year with the implementation for the
first group of users completing in Q4 2023. As a result, recurring revenue is
expected to be meaningfully impacted from 2024 onwards.

Notice of Results:

Dillistone expects to release final results for the 12 months to 31 December
2022 on Tuesday 25 April 2023. Jason Starr, Chief Executive, and Ian Mackin,
Finance Director, will hold an investor presentation to cover the results and
prospects at 3pm on Tuesday 25 April 2023.

Commenting on the contract award, Jason Starr, Chief Executive of Dillistone,
said:

"We are delighted to have been selected for this project following a highly
competitive evaluation of various products in our market. While our Group has
an existing relationship with this firm, the contract sees the client
standardise on our Infinity product across all of its businesses, displacing
competitors. The client is also likely to take additional products from the
Group once live."

Investor presentation: 3pm on Tuesday 25 April 2023

The presentation will be hosted through the digital platform Investor Meet
Company. Investors can sign up to Investor Meet Company and add to meet
Dillistone Group Plc via the following link
https://www.investormeetcompany.com/dillistone-group-plc/register-investor
(https://www.investormeetcompany.com/dillistone-group-plc/register-investor) .
For those investors who have already registered and added to meet the Company,
they will automatically be invited.

Questions can be submitted pre-event to dillistone@walbrookpr.com or in real
time during the presentation via the "Ask a Question" function.

Contacts:

 Dillistone Group Plc                                       Via Walbrook PR
 Jason Starr             Chief Executive
 Ian Mackin              Finance Director

 WH Ireland Limited (Nominated adviser)
 Chris Fielding          Deputy Head of Corporate Finance  020 7220 1650

 Walbrook PR
 Tom Cooper / Nick Rome                                    020 7933 8780
                                                           dillistone@walbrookpr.com

 

This announcement contains inside information for the purposes of Article 7 of
the UK version of Regulation (EU) No 596/2014 which is part of UK law by
virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR").  Upon
the publication of this announcement via a Regulatory Information Service,
this inside information is now considered to be in the public domain.

The person responsible for arranging the release of this announcement on
behalf of the Company is Ian Mackin, Finance Director of the Company.

Notes to Editors:

Dillistone Group Plc is a leader in the supply and support of software and
services to the recruitment industry. Dillistone operates through the Ikiru
People (www.IkiruPeople.com (https://www.ikirupeople.com/) ) brand.

The Group develops, markets and supports the Talentis, FileFinder, Infinity,
Mid-Office, ISV and GatedTalent products.

Dillistone was admitted to AIM, a market operated by the London Stock Exchange
plc, in June 2006.

Learn about our products:

Talentis Software:
https://www.talentis.global/recruitment-software/
(https://www.talentis.global/recruitment-software/)

Voyager Software:
https://www.voyagersoftware.com (https://www.voyagersoftware.com)

GatedTalent Services:
https://www.talentis.global/optimization-services/
(https://www.talentis.global/optimization-services/)

 

 

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