Amino Technologies proposes name change, chairman to step down

Mon, 21st Jun 2021

Media technology company Amino Technologies unveiled plans to change to its company name to Aferian and select a new non-executive chairman. Karen Bach has notified the board of her intention to step down as non-executive chairman. Bach will continue to serve in the role until a successor has been appointed and a search process to find that successor will commence shortly, the company said. The company's two go-to-market brands, 24i and Amino Communications, will continue to operate under their respective names. By 2025, the new strategy, announced in February 2021, to become a software-driven growth business, aims to triple group revenues and increase the percentage of group software revenues that are recurring to 70%. 'Early success has already been achieved, including delivering year-on-year double-digit growth in annual recurring revenue in the first half of the current financial year,' the company said. The group's ticker will change from "AMO" to "AFRN" from 8.00 a.m on Tuesday 22 June 2021. Story provided by StockMarketWire.com

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