Fintel PLC AGM Statement (6928L)
May 17 2022 - 10:04AM
UK Regulatory
TIDMFNTL
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.GBP7.8m of
net cash as of 30 April 22 (31 Dec 2022 GBP2.6m). The gross drawn
position of the GBP45m revolving credit facility is currently
GBP4.0m following a GBP3.0m 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
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END
AGMSFSEFMEESEFI
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