Vianet Group PLC Institutional Investor Site Visits (0138V)
January 25 2017 - 2:00AM
UK Regulatory
TIDMVNET
RNS Number : 0138V
Vianet Group PLC
25 January 2017
Press Release 25 January 2017
Vianet Group plc
("Vianet" or "the Group")
Institutional Investor Site Visits
Vianet Group plc (AIM:VNET), the leading provider of real time
monitoring systems, data management services and business
intelligence for the leisure and vending sectors, announces that it
is holding two institutional investor site visits to its
headquarters in Stockton-On-Tees today and on 9 February 2017.
The Group is pleased to confirm that trading continues to be in
line with management's expectations with both Leisure and Vending
divisions making good progress.
Vianet is also pleased to confirm that its defence in the US
court against claims asserted by third parties has been successful.
Furthermore the Board has decided, in line with its decision to
accelerate the outsourcing of non-core activities, to close the
Group's manufacturing and warehousing facility in Bolton. The legal
costs related to the US defence, along with the rationalisation
costs associated with the closure of the Bolton site, will be
reported in the results for the second half of the financial year.
These one-off exceptional items will not impact on the Group's
recommendation relating to payment of a final dividend.
No new material will be made available to institutional
investors at the site visits beyond that which is provided herein
and in the Group's H1 2017 results announcement on 6 December
2016.
- Ends -
Enquiries:
Vianet Group plc
James Dickson, Chairman Tel: +44 (0) 1642
358 800
james.dickson@vianetplc.com www.vianetplc.com
Cenkos Securities plc
Stephen Keys / Camilla Hume Tel: +44 (0) 20
7397 8900
www.cenkos.com
Media enquiries:
Yellow Jersey PR
Sarah Hollins Tel: +44 (0)7764
sarah@yellowjerseypr.com 947 137
www.yellowjerseypr.com
About Vianet
Vianet Group provides real time monitoring systems, data
management solutions, business intelligence, and associated
services for the leisure and vending sectors. Since its Admission
to AIM in 2006, the Group has grown from its core beer monitoring
business both organically and through strategic acquisitions to
widen its offering to pub and bar retailers with its industry
leading product iDraught. The Group has also developed new
businesses, especially in vending telemetry and contactless payment
solutions particularly for the premium coffee sector.
For further information, please visit www.vianetplc.com
This information is provided by RNS
The company news service from the London Stock Exchange
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