Oxford Metrics PLC Annual General Meeting Statement (6811F)
February 22 2018 - 9:30AM
UK Regulatory
TIDMOMG
RNS Number : 6811F
Oxford Metrics PLC
22 February 2018
22 February 2018
Oxford Metrics plc
("Oxford Metrics" or the "Group")
Annual General Meeting Statement
Oxford Metrics plc (LSE: OMG), the international software
company servicing government, life sciences, entertainment and
engineering markets, will hold its Annual General Meeting ("AGM")
at 2.30pm today.
At the AGM, Roger Parry, Chairman of Oxford Metrics, will make
the following statement:
"The Board is pleased to announce that Oxford Metrics has made a
positive start to the new financial year and, based on current
trading performance, the Group is trading slightly ahead of market
expectations at this stage for the full year ending September 2018.
The Group continues to make progress against its stated five-year
strategic plan announced in December 2016, to double profits and
triple recurring revenue over that five-year timeframe.
In line with previous years, the Group continues to be second
half weighted in terms of revenue and remains encouraged by the
strong pipelines building across the business. Consequently, the
Board remains confident of the Group's prospects for the year.
The Group also announces today the retirement from the Board of
Group founder and Non-executive Director, Dr Julian Morris. Julian
has grown the business from budding start-up to world-class
software company serving thousands of customers in 70 countries.
His insight and leadership over that time have been invaluable. We
thank him for his deep contribution to the business and wish him
well in his retirement."
The Company will provide further information on trading at the
time of its interim results for the six months ended 31 March
2018.
For further information please contact:
Oxford Metrics +44 (0) 1865 261800
Nick Bolton, CEO
David Deacon, CFO
FTI Consulting +44 (0) 20 3727 1000
Matt Dixon / Emma Hall / Harry
Staight
N+1 Singer (NOMAD to Oxford
Metrics) +44 (0) 20 7496 3000
Shaun Dobson / Jen Boorer
About Oxford Metrics
Oxford Metrics develops and markets analytics software for
motion measurement and infrastructure asset management to clients
in over 70 countries worldwide. Our list of clients across the
globe is as diverse as the markets we operate in; we help highways
authorities manage and maintain their road networks, hospitals and
clinicians decide therapeutic strategies and Hollywood studios
create stunning visual effects. And the diversity of applications
is growing all the time.
The Group trades through two subsidiaries: Vicon and Yotta.
Vicon is the world's leader in high precision motion measurement
analysis to thousands of customers worldwide, including Guy's
Hospital, EA Sports, MIT and NASA and our software is used in an
ever expanding range of applications. Yotta provides cloud-based
infrastructure asset management software to central and local
government agencies and other infrastructure owners. Yotta has a
large number of high profile clients including Highways England and
Amey in the UK and VicRoads in Australia amongst others.
Founded in 1984 our Group is headquartered in Oxford with
offices in Leamington Spa, Gloucester, California, Colorado and
Singapore. Since 2001, Oxford Metrics (LSE: OMG), has been a quoted
company listed on AIM, a market operated by the London Stock
Exchange.
For more information about Oxford Metrics, visit
www.oxfordmetrics.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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