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Gresham Computing (GHT)

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Wednesday 09 June, 2010

Gresham Computing

AGM Statement

RNS Number : 2673N
Gresham Computing PLC
09 June 2010


Gresham Computing plc ("Gresham" or the "Company")

9 June 2010

AGM Statement


The following statement will be made by Gresham's Chairman, Eric Sepkes, at the Company's Annual General Meeting being held today at 11am.


Trading update

I am pleased to report that the improvement in trading reported for the first quarter of 2010 has so far continued into the second quarter.  As a result, trading is currently ahead of management's expectations. 


Board strengthened

I am delighted to announce that Ken Archer, formerly CEO of SmartStream Technologies, has agreed to join the board as a non-executive director.  Ken has a wealth of experience in our chosen markets and will provide invaluable insight and guidance as we grow the business.  Ken's formal appointment is to be confirmed at a board meeting later today and I look forward to welcoming Ken to the board. 


- Ends -

For further information please contact:

Gresham Computing plc

+44 (0) 20 7653 0200

Chris Errington, interim CEO

Singer Capital Markets Ltd

Shaun Dobson, Partner and Joint Head of Corporate Finance

+44 (0) 20 3205 7500

James Maxwell, Director of Corporate Finance



Notes to editors:

Ken Archer began his career as an IT professional with Philips Industries and subsequently held Project Management roles with Hertz Europe and Overseas Containers Ltd. In 1976 Ken joined JP Morgan where he remained for 10 years, the last four of which he held the position of VP Information Services with overall responsibility for IT in the London Office. Subsequently he became CEO of Mercantile Information Services and COO of The Savings Corporation, a subsidiary of AIG.  In 1991 he joined Computer Sciences Corporation. Following a number of management roles in that company, in 2001 he was appointed President of European Business development, a position he held for five years.  In October 2006, Ken joined SmartStream Technologies as CEO following their buyout by TA Associates in a deal valued at c£80m.  In November 2007, SmartStream was acquired by Dubai International Financial Centre Investments in an all cash deal valuing the company at approximately £208 million.  Ken continued as CEO following the acquisition until April 2009.


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