25 Feb 2014 14:54
25 February 2014
2ergo Group plc
Result of AGM
2ergo Group plc announces that at its Annual General Meeting ("AGM") held earlier today, all of the resolutions proposed, as set out in the notice of the AGM, were duly passed.
Further, commenting on current trading and strategy, Ian Smith, Executive Chairman added:
"The mobile marketing business continues to perform in line with management's expectations and trials of podifi are ongoing. While costs in the business have been materially reduced we have continued to invest in podifi during the current trials and early fruits of this are being seen with revenue now being generated by initial roll-outs of the technology. While these early successes are encouraging, given the early stage of this commercialisation, the company is also engaged in strategic and corporate discussions on how best to monetise and benefit from the strength of the technology and our investment to date. I look forward to updating shareholders further in the coming weeks."
Enquiries:
2ergo Group plc | +44 (0)161 874 4222 | ||||||
Ian Smith, Executive Chairman Neale Graham, Director | |||||||
Jill Collighan, Group Finance Director
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Newgate Threadneedle | +44 (0)20 7653 9800 | ||||||
Graham Herring
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Zeus Capital Limited (Nominated adviser and broker) | +44 (0)20 7533 7727 | ||||||
Tim Metcalfe/John Treacy
| +44(0)20 7965 8149 |