23 Jul 2009 07:00
SCISYS PLC
(SSY: AIM)
Trading update
SciSys plc, AIM stock code: SSY, ('SciSys' or the 'Company') - the supplier of bespoke software systems, IT based solutions and support services to the media broadcast, space, defence, public and transport sectors is today providing a trading update for the interim period ending 30 June 2009 prior to entering its closed period and ahead of its interim results to be announced on 24 September 2009.
Trading for the first half of 2009 has been in line with current expectations and is expected to be consistent with current guidance for the 2009 full year. The Company continues to enjoy a strong and positive cash flow in Germany and in the UK. Recent new project wins and anticipation of additional new wins in the third quarter has given the Company a solid order book for the second half of 2009 and a positive outlook for 2010.
Share Buy-Back Programme
As previously announced on 6 April and 18 June 2009, the Company has commenced a Share Buy-Back Programme (the "Programme") in support of it's Share Incentive Scheme with its broker, Canaccord Adams Limited ("Canaccord"). The Programme will continue to operate during the close period, and in accordance with the previously announced parameters. During the close period, any purchases in the Company's shares will be made by Canaccord at its sole discretion, on behalf of the Company.
For further information please contact:
| SciSys plc | ||
| Mike Love | Executive Chairman | Tel : +44 (0) 1249 466 466 |
| Winningtons | Tom Cooper | Tel : +44 (0) 797 1221972 |
| Canaccord Adams | Simon Bridges | Tel : +44 (0) 20 7050 6500 |