REG - i-nexus Global PLC - Result of AGM and current trading update

i-nexus GlobalAnnouncement

27/02/2023 12:00

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RNS Number : 1707R  i-nexus Global PLC  27 February 2023

27 February 2023

i-nexus Global plc

("i-nexus", the "Company" or the "Group")

 

Result of AGM and current trading update

 

i-nexus Global plc (AIM: INX), a leading provider of cloud-based Strategy
Execution software solutions designed for the Global 5000, is pleased to
report that at the AGM today at 11.00 am all resolutions were duly passed. The
voting results will be available on the Company's website by 4.00pm today.

 

The Company continues to make steady progress with the growth of its customer
base and remains on track to deliver another year of double-digit growth in
net monthly recurring revenue.

 

Since the start of the current financial year, ending 30 September 2023, the
Company has secured four new logos, each with considerable expansion
potential, and expanded within three customer accounts. Many of the nine
customers secured last year are in active discussions to increase usage of the
platform and renewals with existing customers are currently progressing well,
in line with the Board's expected retention targets.

 

The sales pipeline is strong, with multiple businesses in active dialogue or
trials, including some which are considerably larger than previous deals.

 

The management team continue to carefully manage the cash resources of the
Group, in line with revenue growth, to ensure the continued financial
stability of the business.

 

The Board believes the market for i-nexus software continues to expand, with
an increasingly remote or hybrid workforce across multiple industries driving
the need for scalable, robust, digital strategy execution tools. The Board is
confident i-nexus is well positioned, with a differentiated offering, to play
a leadership role in this maturing market and the management team are focused
on delivering a year of growth.

For further information please contact:

 i-nexus Global plc                                     Via: Alma PR

 Simon Crowther, CEO

 Drew Whibley, CFO

 Singer Capital Markets (Nominated Adviser and Broker)  Tel: +44 (0)207 496 3000

 Sandy Fraser / Alaina Wong (Corporate Finance)

 Tom Salvesen (Corporate Broking)

 Alma PR                                                Tel: +44 (0)203 405 0205

 Caroline Forde, Robyn Fisher

 

About i-nexus Global plc

i-nexus Global plc ("i-nexus") helps organisations achieve their goals.
Whether executing a strategy, driving operational excellence and continuous
performance improvement, or coordinating portfolios and programs to transform
results, i-nexus strategy execution software underpins success.

Today, we support organisations in managing over 200,000 strategic programmes
around the world.

i-nexus transforms how organisations plan, execute, and track goals. We
inspire the confidence to leave behind the spreadsheets, presentations and
reports those organisations rely on, replacing it with a cloud-based,
collaborative solution.

 

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