19th May 2005 17:08
Ingenta PLC19 May 2005 Date: Immediate release: Thursday 19 May 2005 Contacts: Ingenta Martyn Rose, Non-Executive Chairman Simon Dessain, Chief Executive Tel: 01865 799000 Website: www.ingenta.com gcg hudson sandler Alistair Mackinnon-Musson Philip Dennis Tel: 020 7796 4133 Email: [email protected] Ingenta plc Result of AGM, Trading Update and Retirement of Non-Executive Director Ingenta plc, the technology and services provider to the publishing andinformation industries, is pleased to announce that all of the resolutions atthe AGM of the Company, held today, were duly passed. The following statement was made by Martyn Rose, Chairman, at the AGM: 'Trading in the first quarter of 2005 shows progress over the comparative periodof 2004. Revenues have increased , and overhead costs have been reduced byover 30% resulting in progress towards the company's immediate goal of regularprofitable trading. Following the AGM, David Embleton, Non-Executive Director, has retired from theBoard having not sought re-election under the Company's Articles of Association,as a result of the increasing pressure of his other business commitments,including his position on the Board of a newly formed venture capital investmentcompany. David has been a Director of Ingenta since its foundation and the Boardwould like to thank him for the substantial role he has played in the Group'sformation and development over more than 5 years. - ENDS - This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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