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Trading Update

7 Jan 2013 13:08

RNS Number : 9680U
Totally PLC
07 January 2013
 



Totally Plc ("Totally" or "the Company")

Trading update

Totally PLC announces a post year end trading update as an adjunct to the interim statement that was released in September 2012.

As previously announced, Totally has built upon its strategic change of direction by selling the publishing business, the JN Media Group, and concentrating its focus on digital solutions for the management of long-term health conditions. Clare Wexler , who was appointed CEO of Totally on 15 May 2012, has re-organised the senior management team and a new Finance Director, Don Baladasan, was appointed on 28 November 2012, having had a consultancy role since June 2012. The board of Totally believes that Don has the requisite experience and capabilities to play a key part in driving the Company through its expected growth phase. Experienced staff for the Company's principal operating subsidiary, Totally Health, have been appointed and are being led by its Managing Director, Wendy Lawrence.

In the past year Totally Health has been awarded two NHS Contracts, the Shared Decision Making (SDM) contract plus a 12-month long long-term condition contract for Chronic Obstructive Pulmonary Disease in Leicester. The Company is delivering well on both these contracts and is on target to receive another third of the total SDM contract revenue over the next few months. A dedicated bid team has been established and the Company now has around 15 tenders in process, at contract values of between £2 million and £10 million.

In December 2012, Totally PLC engaged Optiva Securities plc, to arrange the purchase and subsequent exercise of 113,676,681 warrants over new ordinary shares of 1p each held by existing shareholders. Fifty per cent. of the proceeds of this transaction, totalling £568,383.41, were received by the Company in December 2012 and have been used both to pay down the residual debt and to provide working capital to fund the business going forward. The remaining 50 per cent. of the warrant exercise proceeds are expected to be received on 15 January 2013 and the resultant strengthened balance sheet will be used to fund expected further growth.

7 January 2013

For further information please contact:

Totally Plc

Tel: 020 7284 9730

Clare Wexler / Don Baladasan

 

 

 

Allenby Capital Limited (Nominated Adviser & Broker)

Tel: 0203 328 5656

Mark Connelly / Nick Athanas

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCLDLFBXFFEBBX
Date   Source Headline
3rd Aug 20127:00 amRNSStrategic Partnership Agreement
25th Jul 201211:33 amPRNResult of AGM
29th Jun 201211:31 amPRNAvailability of Report and Notice of AGM
15th May 20123:20 pmPRNDisposal and Board Change
15th May 20123:05 pmPRNFinal Results
7th Feb 20127:00 amPRNFurther re NHS Contract win
16th Dec 201112:23 pmPRNHolding(s) in Company
16th Nov 20112:41 pmRNSNHS contract win
30th Sep 20117:00 amPRNHalf-yearly Report
27th Jun 20117:00 amPRNFinal Results
23rd Feb 20113:02 pmPRNDirectorate Change
1st Feb 20113:33 pmPRNDirectorate Change
1st Feb 201112:47 pmPRNHolding(s) in Company
27th Jan 201111:48 amPRNHolding(s) in Company
19th Jan 20112:52 pmPRNHolding(s) in Company
8th Nov 20102:45 pmPRNHolding(s) in Company
5th Nov 20104:48 pmPRNHolding(s) in Company
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12th Jul 20107:00 amPRNAdviser - Change of Name
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30th Apr 20107:00 amPRNHolding(s) in Company
22nd Apr 20109:57 amPRNGrant of Warrants
21st Apr 20105:21 pmPRNHolding(s) in Company
13th Apr 20103:00 pmPRNIssue of Warrants
13th Apr 20107:00 amPRNFinal Results
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21st Oct 20097:00 amRNSNOMAD Change of Name
8th Oct 20097:00 amPRNIssue of options and warrants
30th Sep 20097:00 amPRNHalf-yearly Report
27th Jul 20091:57 pmPRNDirector/PDMR Shareholding
24th Jun 20097:00 amPRNFinal Results
29th Dec 20087:00 amPRNChange of Adviser
19th Nov 20084:34 pmPRNHolding(s) in Company
13th Nov 20087:00 amPRNSale of interest in joint venture
2nd Oct 20089:37 amPRNDirector/PDMR Shareholding
30th Sep 20087:00 amPRNTotal Voting Rights
29th Sep 200810:12 amPRNHalf-yearly Report
26th Sep 20087:00 amPRNResult of Meeting
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2nd Jul 200812:22 pmPRNCorrection: Director/PDMR Shareholding
2nd Jul 20087:00 amPRNDirector/PDMR Shareholding
24th Jun 20083:50 pmPRNFinal Results
17th Oct 20077:00 amPRNJoint venture agreement
17th Sep 20077:00 amPRNHalf-yearly Report
17th Aug 20076:13 pmPRNAIM Rule 26
11th Jun 200712:18 pmPRNDirector/PDMR Shareholding
11th Jun 20077:00 amPRNFinal Results
5th Jun 20079:03 amPRNRe Joint Venture

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