REG - Ingenta PLC - AGM statement and contract wins

IngentaAnnouncement

29/06/2023 07:00

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RNS Number : 3011E  Ingenta PLC  29 June 2023

29 June 2023

Ingenta plc

(the "Company")

AGM statement and contract wins

Ingenta plc (AIM: ING), a leading provider of software and services to the
global publishing industry, is pleased to issue a trading update ahead of
today's Annual General Meeting.

The Company is pleased to announce two key contract wins for its content
distribution platform. These contracts have a total combined value of
approximately £2 million over a five-year period with implementation revenue
due to commence in the second half of 2023. The wins have secured a
significant proportion of the Group's new sales targets for 2023.

Scott Winner, CEO of Ingenta, commented: "The deals announced today show
further progress in the Group's drive to expand its business development
activities and follow on from the previously reported media customer win for
the Group's Commercial IP management product. The latest deals include another
addition to our growing NGO client base and a prestigious, globally recognised
US scientific publisher."

The Company's interim results are expected to be announced in September 2023
and the Board remains confident in the outlook for the year and that the
Company will report results for the year ended 31 December 2023, comfortably
in line with market expectations.

For further information please contact:

Ingenta plc
                                    Tel:
01865 397 800

Scott Winner / Jon Sheffield

Cenkos Securities
plc
Tel: 0207 397 8900

Katy Birkin / Callum Davidson

Certain of the information contained within this announcement is deemed by the
Company to constitute inside information as stipulated under the UK version of
the EU Market Abuse Regulation (2014/596) which is part of UK law by virtue of
the European Union (Withdrawal) Act 2018, as amended and supplemented from
time to time.

 

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