Panoply Holdings PLC (The) AGM Statement (0365O)
30 Settembre 2019 - 12:00PM
UK Regulatory
TIDMTPX
RNS Number : 0365O
Panoply Holdings PLC (The)
30 September 2019
30 September 2019
The Panoply Holdings PLC
("The Panoply", or the "Group")
AGM Statement
At the Company's Annual General Meeting, being held today at
11am, Mark Smith, Chairman of The Panoply, will make the following
statement:
"As highlighted at the time of our preliminary results, the
Board is pleased with the progress made across the Group,
delivering first year results ahead of our expectations at the time
of the IPO. In a short space of time we have created a genuine
disruptor to the large IT service providers, helped further by our
largest acquisition to date, FutureGov.
As well as the performance of our established businesses, we
have been particularly pleased with the progress made in our early
stage investments, Greenshoot Labs and human+, both of which have
gained market traction ahead of original expectations. Greenshoot
Labs is the start-up acquired in February which provides digital
solutions using Artificial Intelligence and Conversational
Interfaces, whilst human+ was launched from within the Group, also
in February, to provide robotic process automation services.
Despite being early stage, I am pleased to report that they have
both recently signed up several notable contract wins, with
Greenshoot Labs working with The Defence Science and Technology
Laboratory, Brunel University and a global telecoms client, and
human+ working with the Food Standards Agency, University College
London and NHS Wales.
These contracts underpin our confidence in these offerings and
their growing importance in the digital transformation market. As
such, we have been increasing investment in both of these areas to
maximise the opportunity and believe that they can both deliver
significant revenue streams in future periods. We therefore
reiterate the statement made at the time of our annual report that
we expect profitability in the year to be largely second half
weighted.
We continue to be excited about The Panoply's growth prospects
and look forward to providing further updates to shareholders."
Enquiries:
The Panoply Holdings
Neal Gandhi (CEO) Via Alma PR
Oliver Rigby (CFO)
Stifel Nicolaus Europe Limited +44 (0)207 710 7600
(Nomad and Broker)
Fred Walsh
Alex Price
Neil Shah
Luisa Orsini Baroni
Alma PR panoply@almapr.co.uk
(Financial PR) +44(0)203 405 0206
Josh Royston 07780 901979
Susie Hudson
Kieran Breheny
About The Panoply
The Panoply is a digitally native technology services company,
built to service clients' digital transformation needs. Founded in
2016, with the aim of identifying and acquiring best-of-breed
specialist information technology, design and innovation consulting
businesses across Europe, the Group collaborates with its clients
to deliver the technology outcomes they're looking for at the pace
that they expect and demand.
More information is available at www.thepanoply.com
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END
AGMSEMFWWFUSESU
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