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28 May 2015 07:00
28 May 2015
BELGRAVIUM TECHNOLOGIES PLC
(AIM: BVM)
AGM Statement and Directorate Appointment
Belgravium Technologies, the provider of mobile on-board retail solutions, is holding its Annual General Meeting ("AGM") today at 11.00 a.m.
At the AGM John Kembery, the Chairman, will make the following statement:
"The Company is pleased to report the recent receipt of a substantial order from Certas to supply and install mobile systems across their English and Welsh petrochemical delivery fleet. The initial order value is of approximately £1.2 million is for delivery in the current financial year with a recurring annual comprehensive software licence and managed service support programme. There is also the potential for the systems to be rolled out into Certas's Scottish fleet of vehicles in 2016.
However, because this order was anticipated in the first quarter of 2015, trading in the early part of the year was slower than anticipated. It was also affected by a more in depth integration process of AFS into Feedback, than had been expected. Turnover and profits are expected to recover by the end of the first half but results for the first half will reflect the slow start to the year.
As in previous years the results for the year as a whole are expected to be heavily second half weighted and some good prospective orders are currently being negotiated.
In addition, I am delighted to announce that following the AGM today, Ian Martin will be appointed as a non-executive director of the Company. Ian has significant experience both as an executive and non-executive director both in public and private companies including being previously chairman and CEO of Avesco and being instrumental in its growth between 2002 and 2012. The board is very much looking forward to working with Ian and benefitting from his experience."
The following details in relation the appointment of Ian Paul Martin (aged 54) are disclosed in accordance with in accordance with Schedule 2(g) of the AIM Rules
Current directorships | Past directorships held within last five years |
Chelverton Growth Trust plc Hypersonic Limited JJ Locations Limited
| AJRG Limited Ascot Underwriting Limited Ascot Underwriting Holdings Limited Avesco plc Avesco Group plc Creative Technology Limited CT Germany Limited Forest Highways Limited Forest Support Services plc Forest Traffic Services Limited Forest Traffic Signals Limited Fountain Television Limited Investinmedia Holdings Limited Investinmedia Investments Limied Media Control (UK) Limited Presteigne Limited Mclcreate Limited Charter Broadcast Limited
|
There are no other disclosures required in accordance with Schedule 2(g) of the AIM Rules
Contacts:
Belgravium Technologies Plc www.belgravium-technologies.com
John Kembery, Executive Chairman +44 (0) 7770 731 021
WH Ireland Limited (Nominated Adviser and Broker) www.wh-ireland.co.uk
Mike Coe / Ed Allsopp (Corporate Finance) +44 (0) 117 945 3470
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