23 May 2018 07:00
23 May 2018
Stilo International plc
AGM Statement
Stilo International plc ("Stilo" or the "Company") (AIM:STL), is holding its Annual General Meeting later today. The Company develops software tools and cloud services that help organisations create and process structured content in XML format so that it can be more easily stored, managed, re-used, translated and published to multiple print and digital channels.
At the meeting, Chairman, David Ashman will make the following statement:
"Sales projections for the current financial year remain in line with management forecasts, albeit, as always, dependent on the materialisation of key contracts. The Company has taken on more sales and technical resources to help deliver on pipeline projects and generate new business, which, while impacting the Company's cost base and short term profitability, should underpin our projected growth in 2019 and beyond.
The Company remains un-geared, and cash balances at 30 April 2018 stood at £1,358,000 (31 December 2017: £1,621,000).
Subject to approval by shareholders at the meeting, a final dividend for the year ended 31 December 2017 of 0.05 pence per Ordinary Share will be paid on 23 May 2018 to those shareholders on the register at 19 April 2018."
ENQUIRIES
Stilo International plcLes Burnham, Chief ExecutiveT +44 (0)1793 441444
| SPARK Advisory Partners (Nominated Adviser)Neil Baldwin T +44 (0) 203 368 3554Mark Brady T +44 (0) 203 368 3551
SI Capital (Broker) Nick Emerson T +44 (0) 1483 413500
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