Ingenta PLC Change of Final Results Date (7731J)

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RNS Number : 7731J

Ingenta PLC

29 April 2022

Ingenta plc

("Ingenta" or the "Group")

Change of Final Results Date

Ingenta plc (AIM: ING), a leading software and services provider to the publishing and media industry, provides the following update regarding its audited Final Results announcement for the year ended 31 December 2021.

The Company has been advised by its auditors Grant Thornton UK LLP that due to their internal resourcing constraints, the finalisation of their audit process will require more time to complete and the proposed Final Results announcement is now expected to be released by the end of June 2022.

As announced on 26 January 2022, the Group expects to report revenues of GBP10.1m (2020: GBP10.2m) and adjusted EBITDA of approximately GBP1.5m (2020: GBP1.2m). Closing year end cash balances were GBP3.0m (2020: GBP2.3m) helped by strong cash collection at year end. Ingenta has no debt. Trading in the first quarter of 2022 is comfortably in line with the Board's expectation.

In line with the Company's previously stated intention to implement a progressive dividend policy, the Board intends to pay a final dividend of 2 pence per ordinary share, making a cumulative 3 pence total for the 2021 financial year. The final dividend is subject to shareholder approval at the 2022 AGM.

For further information contact:

 
  Ingenta Plc 
   Scott Winner, Jon Sheffield   +44 (0) 1865 397 800 
  Cenkos Securities plc 
   Nicholas Wells, Katy Birkin   +44 (0) 20 7397 8900

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