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Thu, 11th Jun 2009 08:20
SysGroup PLC - Liverpool, England-based IT services, cybersecurity, and cloud hosting provider - Raises GBP11.0 million via oversubscribed placing and subscription at 33 pence per share. Originally intended to raise GBP10.0 million. Says placing has raised GBP8.9 million and the subscription has raised GBP2.1 million. In addition, SysGroup plans to launch a GBP0.5 million retail offer.
Read moreSysGroup PLC - Liverpool, England-based IT services, cybersecurity, and cloud hosting provider - Plans to raise GBP10 million via placing and subscription at 33 pence per share. Also plans GBP0.5 million retail offer at same price. Proceeds will be used to fund an internal transformation project, strengthen the balance sheet to provide for ongoing working capital requirements as the business continues to drive growth, as well as liquidity for M&A opportunities, whilst ensuring that the Company remains compliant at all times with its obligations under its existing financing arrangements.
Read more(Alliance News) - SysGroup PLC on Wednesday announced a strategic partnership with Softcat PLC, which it said would solidify its position as one its fellow London listing's machine learning partners.
Read more(Alliance News) - SysGroup PLC on Tuesday said revenue increased in its financial year, driven by a strong second half, although it expects earnings to fall.
Read more(Sharecast News) - Data solutions business SysGroup said on Tuesday that revenues had grown in the second half, offsetting a modest H1 decline.
Read more(Alliance News) - SysGroup PLC on Tuesday appointed a new chief financial officer, alongside reporting double-digit revenue growth in its third quarter.
Read more(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Monday and not separately reported by Alliance News:
Read more(Sharecast News) - Managed IT services provider SysGroup reported a steady first-half trading performance in an update on Wednesday, with notable growth in high-value managed IT services revenue.
Read moreSysGroup PLC - Liverpool-based IT services, cybersecurity, and cloud hosting provider - Reports steady performance for the first half of the year ending March 31, but expects to report a revenue drop of 2.7% to GBP11.0 million from GBP11.3 million in the corresponding half a year ago. Adjusted earnings before interest, tax, depreciation and amortisation is expected to be 5.9% lower at GBP1.6 million from GBP1.7 million a year prior. Appoints Heinrich Koorts of Softcat PLC as chief revenue officer.
Read more(Alliance News) - SysGroup PLC reported on Monday a sharp rise in annual revenue following two significant acquisitions last year, and affirmed its optimism for the year ahead.
Read moreSysGroup PLC - Liverpool-based IT services and cloud-hosting provider - Says Chief Executive Officer Adam Binks will step down following publication of annual results on June 26. He will remain as a consultant for six months "to ensure the orderly and smooth transition of his responsibilities." Also on June 26, Heejae Chae will join as executive chair and "take day-to-day responsibility" for running SysGroup. Chae was previously CEO of Scapa Group PLC and Volex PLC, and is chair of the remuneration committee at IP Group PLC. Following Chae's appointment, current Non-Executive Chair Michael Edelson will step down to become a non-executive director. Edelson plans to retire following next annual general meeting in September.
Read more(Alliance News) - The following is a round-up of director dealings by London-listed companies, issued on Monday and not separately reported by Alliance News:
Read more(Sharecast News) - Technology solutions provider SysGroup said on Monday that a "strong performance" had left it with full-year results that were in line with expectations.
Read moreSysGroup PLC - Liverpool-based IT services and cloud-hosting provider - Expects trading for the financial year that ended on March 31 to be in line with expectations. Revenue is expected to grow 47% to GBP21.6 million from GBP14.7 million the year before. Says the growth in revenue was achieved through a combination of "6% organic growth supplemented by the successful acquisitions of Truststream and Orchard". Adjusted earnings before interest, tax, depreciation and amortisation is expected to be GBP3.3 million, up 18% from GBP2.8 million.
Read more(Alliance News) - SysGroup PLC on Monday reported that it swung to an interim loss as its costs increased, but said it still expects its 2023 trading to be in line with expectations.
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