GHT.L Share News (GHT)

LONDON (Alliance News) - Gresham Computing PLC said Tuesday that it anticipates revenue and earnings in line with market expectations for 2014, boosted by a strong performance from its Clareti Transaction Control product.

The financial software and services company said during the year it more than doubled its number of CTC customers, including three new customer accounts that have the potential generate revenues of over GBP3 million over a five-year period.

It secured five new CTC customers in its fourth quarter, including a new customer in the US, and extended an existing customers usage of the product.

Other parts of its business not related to CTC also performed in line with expectations, Gresham said.

"The investments we have made in commercialising CTC have delivered good progress in the final quarter of the year both in terms of new customers and qualified prospects. We have a strong order book of work and qualified pipeline for 2015 and beyond," said Chief Executive Officer Chris Errington in a statement.

In a separate statement Tuesday, Gresham proposed an general meeting to cancel its share premium account, as it wishes to commence a progressive dividend policy and make amendments to its share option plans.

Under its plans, Gresham is seeking shareholder approval to increase the maximum number of shares issued or issuable under its share option plans by 2.3% of its issue share capital. If passed, this would increase the number of shares issuable under share option plans to 10% of the company's issued share capital.

Shares in Gresham Computing are trading up 0.7% at 83.05 pence Tuesday morning.

By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews

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