23rd Sep 2010 13:00
23 September 2010
Micro Focus International plc
AGM Statement
Micro Focus International plc ("Micro Focus" or "the Group", LSE: MCRO.L), the Enterprise Application Modernisation and Testing software company, holds its AGM at 3.00pm today at which the following statement will be made by the Group's non-executive Chairman, Kevin Loosemore:
"Trading across the Group and the trading outlook for the full year remains consistent with statements made in the Interim Management Statement issued on 11 August. The Group continues to make good progress to reduce net debt and reiterates its recent guidance that it expects to be cash positive by the end of the current financial year.
During the summer months, the management team has been significantly strengthened. Chief Executive Officer Nigel Clifford has appointed Mike Phillips as Chief Financial Officer, Malcolm Collins as President of Sales, Jim Cassidy as Chief Marketing Officer and Adrian Saunders as Vice President of Professional Services. These new senior executives, alongside the existing management team, provide the required experience to drive initiatives already started to set a solid platform for the full year performance."
Micro Focus will host an equity analyst and investor strategy meeting in London on 29 September 2010, at which no new material information will be disclosed. Copies of the slides provided during the course of the day will be available on the Company's website (www.microfocus.com) on that date.
Micro Focus will announce a pre-close trading update for the six months to 31 October 2010 on 10 November 2010.
###
Enquiries:
|
Micro Focus |
Tel: +44 (0)1635 32646 |
|
Nigel Clifford, Chief Executive Officer |
|
|
Tim Brill, Head of Corporate Communications & IR |
|
|
|
|
|
Financial Dynamics |
Tel: +44 (0)20 7831 3113 |
|
Charles Palmer |
|
|
Haya Herbert-Burns Nicola Biles |
|
NOTES TO EDITORS:
About Micro Focus:
Micro Focus, a member of the FTSE 250, provides innovative software that allows companies to dramatically improve the business value of their enterprise applications. Micro Focus Enterprise Application Modernization, Management and Testing software enables customers' business applications to respond rapidly to market changes and embrace modern architectures with reduced cost and risk. For additional information please visit www.microfocus.com
Related Shares:
MCRO.L