14th May 2015 07:00
Stilo International plc
AGM Statement
Stilo International plc ("Stilo" or the "Company") (AIM:STL), the AIM quoted provider of content processing technology and cloud content conversion services, is holding its Annual General Meeting later today. At the meeting Chairman David Ashman will make the following statement:
Trading in 2015 has been in line with management expectations, with new Migrate customers including Perceptive Software, Dell Software, Tridium and Infinera being complemented by an encouraging sales pipeline.
Development of AuthorBridge, our new web-based XML DITA authoring tool, is progressing well. An initial pilot is ongoing with a major customer, with general release planned for later in 2015. Preliminary customer feedback has been very promising.
The Company remains un-geared, and cash at 12 May 2014 stood at £1,144,000 (31 December 2014: £1,089,000).
Subject to approval by shareholders at the meeting, a final dividend for the year ended 31 December 2014 of 0.03 pence per Ordinary Share will be paid on 19 May 2015.
14 May 2015
Enquiries:
Stilo International plc 01793 441444
Les Burnham, Chief Executive
Richard Alsept, Chief Financial Officer
Charles Stanley Securities 020 7149 6000
Nominated Adviser
Russell Cook / Carl Holmes
Related Shares:
Stilo