Change of Name & Notice of AGM

RNS Number : 3553I

Corero PLC

14 June 2011

 



Corero plc (AIM: CORO)

('Corero' or the 'Company')

Change of name & notice of General Meeting

Corero plc, the AIM listed network security and business software provider, has posted to shareholders a notice of a general meeting to be held at 10.00 a.m. on Wednesday, 29 June 2011, at the offices of the Company, 169 High Street, Rickmansworth, Hertfordshire, WD3 1AY ('General Meeting').

At the General Meeting, a special resolution will be proposed to change the name of the Company to Corero Network Security plc.

Background to the name change

The Company's strategy is to build, through a combination of acquisitions and organic development, a network security technology business focused on delivering software and hardware solutions and related support services to mid-market commercial and enterprise customers and telecommunication service providers, through international channels. 

As a first step in executing this strategy Corero acquired Top Layer Networks, Inc. ('Top Layer') on 2 March 2011. In order to position Top Layer as Corero's platform for future growth in its network security business, the Board has determined that the business would benefit from being rebranded as "Corero Network Security". The Board believes that the name of the Company should be aligned to that of its principal trading subsidiary and operations. Accordingly, the Board proposes that the name of the Company be changed to Corero Network Security plc. 

Subject to shareholder approval of the change of name at the General Meeting, the Company's ticker will be changed to CNS and the Company's website will be changed to www.coreroplc.com.

The business of Corero Business Systems will be unaffected by this name change. Corero Business Systems serves the education and business sectors in the UK by delivering powerful, dynamic modular accounting and business management software and services. The Company's strategy is to continue to invest and grow this business and to take advantage of the growth in the academy sector of the UK education market and the business' strong position and market share in the academy market.

Enquiries:

Corero plc
Andrew Miller, Chief Operating Officer	Tel: [phone]
finnCap
Clive Carver/Henrik Persson	Tel: [phone]
Walbrook PR	Tel: [phone]
Bob Huxford (Media Relations)	Mob: [phone] or [e-mail]
Paul Cornelius (Investor Relations)	Mob: [phone] or [e-mail]

About Corero

Corero acquired Top Layer Networks, Inc. in March 2011 as a first step in creating its Corero Security Systems division. The Group's strategy is to build, through a combination of acquisition and organic development, a network security technology business focused on delivering software and hardware solutions and related support services to mid-market commercial and enterprise customers and telecommunication service providers, through international channels.

Corero's Business Systems division serves the education and business sectors in the UK by delivering powerful, dynamic modular accounting and business management software and services.

 

END

 

 

CANFJMFTMBMBBMB