TIDMADT
RNS Number : 5753Z
AdEPT Telecom plc
24 September 2009
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AdEPT Telecom plc
("AdEPT Telecom" or the "Company")
AGM Statement
AdEPT Telecom is pleased to announce that at the Annual General Meeting ("AGM")
of the Company held at 11.00am yesterday, the resolutions proposed, as set out
in the notice of AGM dated 25 August 2009, were duly passed.
Roger Wilson, Chairman of AdEPT Telecom, commenting at the Company's AGM said:
"I am pleased to report that despite the current challenging economic conditions
the Company has continued to be strongly cash generative. Net debt reduction
since the last financial year end, 31 March 2009, has been underpinned
by continuing strong cost control and improved customer cash collection.
Despite lower year-on-year revenues, underlying EBITDA margin has been improved
sufficiently through operational cost efficiencies, such that EBITDA is in line
with last year."
Enquiries:
+-------------------------------------------------+--------------------------+
| AdEPT Telecom Plc | 07786 111 535 |
| Roger Wilson, Chairman | 01892 550 225 |
| Ian Fishwick, Managing Director | 01892 550 243 |
| John Swaite, Finance Director | |
| | |
+-------------------------------------------------+--------------------------+
| Astaire Securities Plc | 020 7448 4400 |
| Shane Gallwey | |
+-------------------------------------------------+--------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
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