Source - LSE Regulatory
RNS Number : 6928L
Fintel PLC
17 May 2022
 

17 May 2022

Fintel plc

(the "Company" or "Fintel")

 

Annual General Meeting Statement

 

Fintel plc (AIM: FNTL), as previously announced will hold its Annual General Meeting ("AGM") today at 12:30 at Fintel House, St Andrew's Road, Huddersfield, HD1 6NA.

TRADING UPDATE

The Company is pleased to be able to report strong trading in the year to date, with performance in line with expectations.

We have continued to improve our earnings quality by increasing our Sass and Subscription ("Saas") revenues via the conversion of annual managed services agreements to multi-year Distribution as a Service ("Daas") agreements.

Our unaudited net cash position has increased to c.£7.8m of net cash as of 30 April 22 (31 Dec 2022 £2.6m).  The gross drawn position of the £45m revolving credit facility is currently £4.0m following a £3.0m repayment in March 2022.   

We look forward to updating shareholders again on our further progress and plans at the time of the half-year results.

For further information please contact:

 

Fintel plc                                                                                                                via Instinctif Partners

Matt Timmins (Joint Chief Executive Officer)

Neil Stevens (Joint Chief Executive Officer)

David Thompson (Chief Financial Officer)

 

Zeus (Nominated Adviser and Joint Broker)                                                  +44 (0) 20 3829 5000

Martin Green

Dan Bate  

   

Investec Bank (Joint Broker)                                                                             +44 (0) 20 7597 5970

Bruce Garrow

David Anderson

Harry Hargreaves  

 

Instinctif Partners (Financial PR)                                                                       +44 (0) 20 7866 7887

Mark Walter                                                                                                         fintel@instinctif.com

Tim Linacre

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
AGMSFSEFMEESEFI
Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account. AJ Bell logo

Related Charts

Fintel PLC (FNTL)

+3.50p (+1.29%)
delayed 16:15PM