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Vianet Group PLC (VNET)

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Thursday 30 June, 2016

Vianet Group PLC

AGM Statement

RNS Number : 7251C
Vianet Group PLC
30 June 2016
 

 

 

 

Press Release

30 June 2016

 

Vianet Group plc

("Vianet" or the "Group")

 

AGM Statement

 

Vianet Group plc (AIM: VNET), the leading provider of real time monitoring systems, data management services and actionable insights for the leisure and vending sectors, will be holding its Annual General Meeting today at 11.30 a.m., at the offices of Grant Thornton UK LLP, No 1 Whitehall Riverside, Leeds, LS1 4BN.

 

James Dickson, Chairman, will provide the following trading update at today's meeting:

 

"Trading across our continuing operations in the first two months of the current year is in line with expectations and is noticeably ahead of the comparable period last year with all business areas progressing well.  Vending Solutions, in particular with its coffee vending telemetry systems and contactless payment solutions, has continued to make good progress and is demonstrating solid growth.  This comes as part of the Group's continued development of its Internet of Things capability, which aims to provide increased value to its customers through both strategic insight and, importantly, actionable data.  The Group believes this will be a significant driver of growth for Vianet in the coming years.

 

"The Board is confident of the medium and long term prospects of the Group and this is reflected in its decision to recommend maintaining the final dividend at 4p per share.  Whilst the economic uncertainty and exchange rate volatility resulting from Brexit is generally unhelpful, the Group's continuing progress to date, leads us to look forward positively to the remainder of the year and beyond, and the Board remains confident of delivering value to its shareholders."

 

- Ends -

 

Enquiries:

Vianet Group plc

 

James Dickson, Chairman

Tel: +44 (0) 1642 358 800

[email protected]

www.vianetplc.com

 

Cenkos Securities plc

 

Stephen Keys / Camilla Hulme

Tel: +44 (0) 20 7397 8900

 

www.cenkos.com

 

Media enquiries:

Abchurch Communications

 

Alex Shaw / Nessyah Hart / Julian Bosdet

[email protected]

Tel: +44 (0) 20 7398 7700

www.abchurch-group.com

 

About Vianet

The Vianet Group provides real time monitoring systems, data management solutions, actionable data insights, and associated services for the leisure and vending sectors.  Since its Admission to AIM in 2006, the Group has grown from its core Brulines beer monitoring business both organically and through strategic acquisitions to widen its offering to pub and bar retailers with its industry leading product iDraught as well as developing 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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