REG - i-nexus Global PLC - Result of AGM and Trading Update

i-nexus GlobalAnnouncement

28/02/2022 12:30

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220228:nRSb0388Da&default-theme=true

RNS Number : 0388D  i-nexus Global PLC  28 February 2022

28 February 2022

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 2.00pm today.

 

The Company is also pleased to report on continued positive progress in line
with our previous statements.  The sales pipeline continues to develop with
solid new opportunities being created monthly and the improved conversion
metrics described in the Final Results statement have continued.  This
includes two further new customer wins, bringing the total number of wins in
the first half of the year so far to five, a considerable improvement on the
comparable period of the prior year. The business is once again achieving
quarter on quarter growth in monthly recurring revenue. The Company has
secured a high level of customer renewals, in line with management
expectations and has already hit management's half year target for services
revenue.

 

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, achieving regular underlying cash neutrality.

 

The Company believes the market for i-nexus software continues to expand, with
the pandemic highlighting 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

 Alyson Levett, 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

 

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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  RAGTPMBTMTITBPT