REG - Vianet Group PLC - Result of AGM

VianetAnnouncement

05/09/2023 12:30

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RNS Number : 4510L  Vianet Group PLC  05 September 2023

 

05 September 2023

Vianet Group plc

 

("Vianet" or the "Group")

 

Result of AGM

 

Vianet Group plc (AIM: VNET), the international provider of actionable data
and business insight through devices connected to its Internet of Things
("IOT") platform, announces that at its Annual General Meeting held today, all
resolutions were duly passed.

 

- Ends -

 

 Enquiries:

 Vianet Group plc
 James Dickson, Chairman / CEO  Tel: +44 (0) 1642 358 800

 Mark Foster, CFO               www.vianetplc.com (http://www.vianetplc.com)
 Cenkos Securities plc
 Stephen Keys / Camilla Hume    Tel: +44 (0) 20 7397 8900
                                www.cenkos.com (http://www.cenkos.com)

Investor enquiries:

 Cenkos Securities plc
 Dale Bellis                       Tel: +44 (0) 20 7397 8900

 

About Vianet

Vianet Group is a leading provider of actionable management information and
business insight created through combining data from our smart Internet of
Things ('IOT') solutions and external information sources.

Since Admission to AIM in 2006, the Group has grown from its core beer
monitoring business both organically and through strategic acquisitions to
widen its offering and develop new businesses, especially in vending telemetry
and contactless payment solutions particularly for the premium coffee sector.

Servicing over 300 customers across the world and rendering live data to our
IOT platform from over 250,000 connected machines daily, Vianet is one of the
largest business to business (b2b) connected solutions providers in Europe
with established long-term relationships with blue chip customers and growing
recurring revenues which are over 85% of our total revenues.

In our Smart Machines Division, we connect a single data gathering device with
its own on-board communication capability to a customer's asset or system.
The device then sends data back via our IOT platform to cloud based servers.
The technology was originally developed for automated retailing machines;
however, the flexibility and functionality of the device means the technology
can be applied to practically any machine which has the capability to output
data.  The device is also used to connect our contactless payment solution
and communicate payment terms to our cloud-based payment services providers
where that application is also required.

The Smart Zones Division is where we connect multiple data gathering devices
into one or more systems or assets with the data from those devices being
communicated back to our IOT platform and cloud-based servers via a single 4G
LTE communications hub.  The technology was originally developed for flow
monitoring devices, temperature sensors, and asset management in drinks
retailing but practically any data gathering device with a digital output
could be connected to the communications hub where required such as gaming
machines, utilities management and EPOS.

For further information, please visit www.vianetplc.com
(http://www.vianetplc.com/)

 

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