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2 May 2019 07:00
RNS
2 May 2019
Gresham Technologies plc
AGM Statement
Gresham Technologies plc (LSE: "GHT", "Gresham", "Company" or the "Group"), the leading software and services company that specialises in providing real-time data integrity and control solutions, will be holding its Annual General Meeting at 11.00 a.m. today.
At the meeting, the Chairman will make the following statement:
"I am pleased to report that the Company has made an excellent start to the year. As previously announced, the two significant CTC contracts with Tier 1 global banks carried over from the previous financial year were closed in the first quarter of 2019. Together, these contracts represent over £7 million in new Clareti software revenue over their respective terms and add £1.4m to annualised recurring revenues. Professional services contracts related to these two projects have also now been signed, and are expected to generate more than £500,000 in Clareti services revenue initially, with potential for extensions as the respective projects progress.
In addition, the Company has signed a further three new Clareti customers so far this year, including one Clareti Multi-Bank contract and two Clareti Transaction Control contracts.
We look forward to reporting further progress in the second quarter and will provide an update at the interim results in July 2019."
Enquiries
Gresham Technologies plc | +44 (0) 207 653 0200 |
Ian Manocha | |
Tom Mullan | |
N+1 Singer (Joint Broker) | +44 (0) 207 496 3000 |
Shaun Dobson / Lauren Kettle (Corporate Finance) | |
Tom Salvesen (Corporate Broking) | |
Cantor Fitzgerald Europe (Joint Broker) | +44 (0) 207 894 7000 |
Philip Davies | |
Richard Salmond |
Note to editors
Gresham Technologies plc is a leading software and services company that specialises in providing real-time data integrity and control solutions. Listed on the main market of the London Stock Exchange (GHT.L) and headquartered in the City of London, its customers include some of the world's largest financial institutions, all of whom are served locally from offices located in Europe, North America and Asia Pacific.
Gresham's award-winning Clareti software platform has been designed to provide financial institutions with complete certainty in their data processing. Clareti is a highly flexible and fully scalable platform for ensuring the integrity of data across an enterprise. It is designed to address today's most challenging financial control, risk management, data governance and regulatory compliance problems.
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