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Trading update, Director & NOMAD appointments

15th Dec 2011 07:00

RNS Number : 0049U
3D Diagnostic Imaging PLC
15 December 2011
 



For immediate release

15 December 2011

 

 

3D Diagnostic Imaging plc

("3D" or the "Company")

 

Trading Update, Appointment of Non-Executive Director and Change of Nominated Adviser

 

Trading Update

 

3D, a leading provider of Integrated Caries Management Support Systems, today provides a trading update. Turbulent economic conditions have continued to have a negative impact on revenue generation in the first half of the current financial year. However, the Company is taking steps to counter this. It has recently recruited a new professional sales resource to increase the level of engagement with its various distribution partners and the Board has devised, and is implementing, a series of sales initiatives which it expects to begin to benefit from by the end of the first quarter of 2012. In addition the Board is giving consideration to the possibility of partnering with other entities that have more established distribution infrastructures in the countries in which the Company is seeking to operate.

 

The Company also continues to examine alternative applications for its technology as a means to generate additional shareholder value.

 

It is the Board's current intention to provide the market with a further update on the Company's progress at, or around the end of, the first quarter of 2012.

 

Appointment of Non-Executive Director

 

The Board of 3D is pleased to announce the appointment of David Snow to the board as a Non-Executive Director of the Company with immediate effect. Mr Snow, who has a number of years of public company experience, also serves as a Non-Executive Director on the board of the Company's largest shareholder, Evolve Capital plc. Further information on David Snow, in accordance with the AIM Rules for Companies, is set out at the end of this announcement.

 

Change of Nominated Adviser and Broker

 

The Board of 3D is also pleased to announce the appointment of Allenby Capital Limited as the Company's Nominated Adviser and Broker, with immediate effect.

 

ENDS

 

For further information please contact:

 

3D Diagnostic Imaging Plc

Graham Lay, CEO +44 (0) 1382 560 910

Oliver Cooke, CFO

 

Allenby Capital Limited

(Nominated Adviser and Broker)

 

Nick Naylor +44 (0) 203 328 5656

Nick Athanas

 

Buchanan Scotland

Diane Stewart +44 (0) 131 226 6150 / (0) 207 466 5000

Carrie Clement

Karyn McShane

 

Regulatory Disclosures:

The following matters are disclosed in accordance with the AIM Rules for Companies.

David Wallace Ballintine Snow, aged 50, is or has been a director of the following companies in the past five years:

Current Directorships or Partnerships

Impact Print & Design Limited 

Evolve Capital plc 

Twenty 4 Seven Security Systems Limited

S & A Group Holdings Limited

Rowan Dartington & Co Limited

Rowan Dartington Holdings Limited

Spotted Richard Limited

Hereford City Partnership Limited

Herefordshire Country Fair

 

Past (

Blue Oar plc

LPD European Limited

Astaire Group plc

Astaire Group Limited

 

David Snow currently has no interest in the share capital of 3D.

There are no further disclosures to be made in relation to Mr Snow under Schedule 2(g) or rule 17 of the AIM Rules for Companies.

 

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