TIDMARC

RNS Number : 0072T

Arcontech Group PLC

15 July 2020

ARCONTECH GROUP PLC

("Arcontech" or the "Company")

Trading Update / Notice of Results

Arcontech (AIM: ARC), the provider of products and services for real-time financial market data processing and trading, is pleased to announce that profit for the year ended 30 June 2020 is expected to be in line with market expectations. Unaudited net cash at 30 June 2020 amounted to GBP5.01 million (at 30 June 2019: GBP4.06 million). The Company has continued to invest in sales and marketing resources and confirms that no staff have been furloughed, and that the Company has not drawn on any publicly available funding or delayed payment of PAYE and VAT.

Subject to shareholder approval at the Annual General Meeting, the Board anticipates paying a dividend in line with the Company's dividend policy.

Financial expectations noted above are preliminary and subject to year-end financial close and audit review processes.

Notice of Results

The Company's results for the 12 months ended 30 June 2020 are expected to be announced in late August 2020 and the Board looks forward to updating shareholders with further details at that time.

 
 Enquiries: 
 Arcontech Group plc 
 Richard Last, Chairman and Non-Executive Director          07713 214484 
 Matthew Jeffs, Chief Executive                             020 7256 2300 
 
 finnCap Ltd (Nomad & Broker)                                020 7220 0500 
 Carl Holmes/Simon Hicks (corporate finance) 
  Camille Gochez (ECM) 
 
 To access more information on the Group please visit: www.arcontech.com

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

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 or visit www.rns.com.

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July 15, 2020 02:00 ET (06:00 GMT)

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