Crossword Cybersecurity Regulatory News (CCS)

AIM: CCS

Clarity Commerce Solutions plc

("Clarity", the "Company", or the "Group")

AGM Statement

Clarity Commerce Solutions plc (AIM:CCS), a leading supplier of software solutions for the entertainment, retail, hospitality and leisure sectors, announces that at its Annual General Meeting held earlier today, all resolutions proposed were duly passed. Resolution 2 was not proposed.

During the meeting, the Chairman, Sir Colin Chandler, provided the following comments on current trading:

"In line with our revised strategy we continue to focus sales on additional business from existing customers with several of these customers placing new business in recent months. In the Entertainment space Merlin continues to roll out our systems with Legoland Florida going live in October and Legoland California implementing ClarityLive across all retail outlets in January. Our business with Parques Reunidos continues to increase with Bobbejaanland extending its use of ClarityLive to cover retail, food & beverage and on-line season passes and with Movie Park Germany also adding on-line season passes. Clarity is exhibiting at the annual European Attractions Show currently taking place at Kensington Olympia in London.

In the Retail market the major Dutch grocery retailer C1000 has successfully deployed ClarityLive POS into its 400th store and continues to place orders for new stores. C1000 has also extended its installations of the ClarityLive self scan solution. In addition, Debenhams has extended the ClarityLive personal shopper booking solution to include analytics.

In the Hospitality sector Sodexo continues to deploy the ClarityLive cashless solution with South Tyneside College becoming the latest implementation.

Our cost reduction programme is progressing to plan. The UK redundancy programme, which is expected to complete this month, will remove a further £1m from the cost base.

We continue to operate with limited cash resources and are taking all possible actions to minimise cash consumption.

The Board has noted the offer made yesterday by Enigmatic Investments and will respond in greater detail shortly. The Company has recently appointed advisers to manage this process in order to maximise shareholder value."

Enquiries:

Arbuthnot, which is authorised and regulated in the United Kingdom by the FSA, is acting exclusively for Clarity and no one else in connection with the Acquisition and other matters referred to in this Announcement and will not be responsible to any person other than Clarity for providing the protections afforded to clients of Arbuthnot nor for giving advice in relation to the Acquisition or any other matter or arrangement referred to in this Announcement.