AdEPT Technology Group PLC AGM Statement (5364N)
25 Septiembre 2019 - 1:00AM
UK Regulatory
TIDMADT
RNS Number : 5364N
AdEPT Technology Group PLC
25 September 2019
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain
25 September 2019
AdEPT Technology Group PLC
("AdEPT" or the "Company")
AGM Statement
Interim Dividend
Notice of Results
AdEPT Technology Group plc, one of the UK's leading independent
providers of managed services for IT, connectivity, unified
communications solutions and cloud services, is holding its 2019
annual general meeting at 10.15am today at 77 Mount Ephraim,
Tunbridge Wells, Kent, TN4 8BS. At the meeting, the Chairman, Ian
Fishwick, will make the following statement:
"I am pleased to report that, in the 6 months to the 30
September 2019, AdEPT made considerable progress in its strategy of
further expanding its managed service and IT capability, with
continuing geographical expansion. This progress has been made
through a combination of organic sales from IT and managed services
and the contribution from our acquisition of Advanced Computer
Systems UK Limited ("ACS"), an education-focused IT business.
Providing a full suite of managed services, AdEPT is in an
excellent position to take advantage of the continuing convergence
between IT and telecoms.
Following the award of Health and Social Care Network compliance
authorising AdEPT to sell data networks to the NHS, the Company
successfully won the contract to design and roll out a super-fast
network infrastructure across all departments and sites of Kent
NHS. During the last 6 months the service delivery team have been
successfully carrying out the roll out of the wide area network,
including managed firewalls, in more than 400 sites across Kent,
including hospitals, hospices and GP surgeries.
The Company's most recent acquisition in the IT space, ACS, was
announced in April 2019. ACS is an independent IT service provider,
based in Doncaster, focused on providing IT services and has a
strong public sector presence, including managing and supporting
the IT function of approximately 200 schools and academy trusts.
The highly skilled team, together with the well-matched customer
base and product set at ACS complements AdEPT's existing IT managed
services offering where AdEPT provides services to thousands of
schools and academy trusts. ACS provides a geographical extension
to the existing education focused centre of excellence of AdEPT
based in Orpington, and offers an opportunity for cross-sell the
software and applications developed by the in-house software team
at AdEPT. ACS Group is our second acquisition in Yorkshire,
following the acquisition of ETS Communications Limited ("ETS") in
November 2018. The IT skills of ACS are highly complementary to the
unified communications expertise of ETS and it is anticipated that
they will work closely together, with the ETS team in the process
of relocating from their Wakefield office to the ACS offices in
Doncaster.
The integration of ACS into the AdEPT group has been largely
completed, with the finance function being integrated into the
Orpington office of AdEPT. As this acquisition was made at the
start of the current financial year, it will have a full six-month
contribution to the interim financial results.
Over the last 6 months the AdEPT team has been working hard on
the 'One AdEPT' project, including initiatives in relation to
sales, marketing, systems and branding. This includes the recent
release of the new look group-wide AdEPT website, including
investor relations which I would encourage you to take a look at.
The business now has over 300 talented individuals working to the
mission "uniting technology, inspiring people" and I would like to
take the opportunity to thank this team for their continued
engagement with AdEPT and their hard work as they are instrumental
to the success of the business.
Our interim results for the 6 months ended 30 September 2019 are
expected to be published on 12 November 2019, and the Board is
confident that the interim results will support its progressive
dividend growth policy. Therefore, the Directors intend to declare
an interim dividend at the time of the interim results announcement
in November 2019."
For more information please contact:
AdEPT Technology Group Plc
Ian Fishwick, Chairman 07720 555 050
Phil Race, Chief Executive 07798 575 338
John Swaite, Finance Director 01892 550 243
Cantor Fitzgerald Europe
Nominated Adviser & Broker
Phil Davies/Will Goode 020 7894 7000
This announcement has been released by John Swaite, Finance
Director, on behalf of the Company.
About AdEPT Technology Group plc:
AdEPT Technology Group plc is one of the UK's leading
independent providers of managed services for IT, unified
communications, connectivity and voice solutions. AdEPT's tailored
services are used by thousands of customers across the UK and are
brought together through the strategic relationships with tier-1
suppliers such as Openreach, BT Wholesale, Virgin Media, Avaya,
Microsoft, Dell and Apple.
AdEPT is quoted on AIM, operated by the London Stock Exchange
(Ticker: ADT). For further information please visit:
www.adept.co.uk
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END
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