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Zamano PLC (ZMNO)

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Wednesday 04 November, 2015

Zamano PLC

Director Change and Trading Update

RNS Number : 6101E
Zamano PLC
04 November 2015
 



NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY (IN WHOLE OR IN PART) IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

 

FOR IMMEDIATE RELEASE

 

4 November 2015

 

zamano plc ("zamano" or the "Company")

 

ISE: ZAZ                                LSE: ZMNO

 

Resignation of Director and Trading Update

 

The Company today announces that John Rockett, Non-executive Chairman, has notified the Company that he will resign as a Director of zamano with effect from 31 March 2016, in order to devote more time to his other business interests. 

 

The Board has commenced the process to recruit a new Director and a further update will be made in due course. 

 

Ross Conlon, Chief Executive Officer, commented:

 

"John has been an excellent Director and Chairman for the Company playing an important role in the stabilisation of the Company's performance in recent years.  He has been a valued adviser for the executive management team as well as providing strong leadership for the Board.  As a result we are sorry that he will be leaving us and, on behalf of the Board, I would like to thank John for his contribution and commitment."

 

Trading update

For the nine months ended 30 September 2015, the Company is pleased to announce that it has generated Revenue of €16.828M and EBITDA of €2.082M, compared to €13.420M and €1.713M respectively for the corresponding period in 2014, and had a net cash position at 30 September 2015 of €5.388M (2014: €2.548M)." 

 

 

For further information please contact:

zamano plc

Ross Conlon, Chief Executive Officer

Tel: + 353 1 554 7313

Michael Connolly, Chief Financial Officer

Tel: +353 1 554 7261

 

Investec Corporate Finance

Shane Lawlor/Conor Murtagh

Tel: + 353 1 4210000

 

Cenkos Securities (Nominated Adviser & Broker)

Derrick Lee/Neil McDonald

Tel: + 44 (0) 131 220 6939

 

Media Enquires:

 

MCOMM Communications Consultants

Richard Moore

Tel:   +353 1 661 9428

Mob: +353 87 241 4751

Email: [email protected]

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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