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RNS Number : 9503G

Biome Technologies PLC

15 March 2024

 

 

15 March 2024

 

Biome Technologies plc

("Biome", the "Company" or the "Group")

 

Contract win for Stanelco RF Division

 

Biome Technologies plc, a leading bioplastics and radio frequency technology business, is pleased to announce that its RF Technologies division (www.stanelcorftechnologies.com) has been awarded a further contract win.  The contract has a revenue value of £536,000 to supply two radio frequency welding systems (the "Systems") for use by an international corporation in the medical supply sector.

 

The Systems will use a modular machine platform which integrates automation and RF welding. They will be built and tested at the Company's Marchwood, UK, facility and subsequently combined with other production line equipment supplied by the end-customer's chosen contractor before final installation in a UK facility. Completion of the Systems is scheduled within the 2024 financial year, with stage payments being received against milestones during the contract.

 

This contract is one of the opportunities for the RF Technologies Division indicated in our 11 March 2024 announcement and will contribute towards our Group expectations for 2024.

 

Paul Mines, CEO, commented, "This important order results from the division's ongoing strategy of diversification beyond its traditional strength into new high-value medical market areas. The division continues to work on further potential opportunities and we remain confident in bringing another of these opportunities to a similar conclusion in the coming months."

 

-Ends-

For further information please contact:
Biome Technologies plc Paul Mines, Chief Executive Officer
Rob Smith, Chief Financial Officer
www.biometechnologiesplc.com	Tel: +44 (0) 2380 867 100
Allenby Capital
David Hart/Alex Brearley (Nominated Adviser) Kelly Gardiner/Tony Quirke (Sales and Corporate Broking)
www.allenbycapital.com	Tel: +44 (0) 20 3328 5656

 

 

About Biome

Biome Technologies plc is an AIM listed, growth-orientated, commercially driven technology group. Our strategy is founded on building market-leading positions based on patented technology and serving international customers in valuable market sectors. We have chosen to do this by developing products in application areas where the value-added pricing can be justified and are not reliant on government legislation. These products are driven by customer requirements and are compatible with existing manufacturing processes. They are market rather than technology-led.

 

The Group comprises two divisions, Biome Bioplastics and RF Technologies.

 

Biome Bioplastics is a leading developer of highly-functional, bio-based and biodegradable plastics. The division's mission is to produce bioplastics that challenge the dominance of oil- based polymers.

 

RF Technologies designs, builds and services advanced radio frequency (RF) systems. Dielectric and induction heating products are at the core of a product offering that ranges from portable sealing devices to large furnaces for the fibre optics markets.

 

www.biometechnologiesplc.comwww.biomebioplastics.comandwww.thinkbioplastic.comwww.stanelcorftechnologies.com

 

 

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RNS Number : 7459G

Smarttech247 Group PLC

14 March 2024

 

Reach Announcement

14 March 2024

Smarttech247 Group PLC

 

("Smarttech247", the "Group" or the "Company")

 

Smarttech247 Secures New Three-Year Contract worth c. €1 million

 

Smarttech247 (AIM: S247), a multi-award-winning provider of AI-enhanced cybersecurity services providing automated managed detection and response for a portfolio of international clients, is pleased to announce it has secured a new contract with a global packaging company, worth approximately €1 million over three years.

 

The agreement, with a new client, utilises both Smarttech247's VisionX platform as well as NoPhish, underscoring their versatility and advanced capabilities. VisionX is Smarttech247's flagship AI-enhanced Managed Detection and Response (MDR) platform, designed to safeguard both Information Technology (IT) and Operational Technology (OT) infrastructures and its NoPhish email security tool offers instant feedback to the user based on analysis algorithms to evaluate the content and legitimacy of reported emails. In an era where the convergence of IT and OT systems is increasingly critical for industrial and manufacturing sectors, this partnership represents a strategic and forward-thinking approach to cybersecurity.

The VisionX MDR platform leverages sophisticated AI and machine learning algorithms to offer real-time threat detection, rapid incident response, and continuous monitoring whilst NoPhish takes proactive measures by automatically removing emails from the user's inbox which are deemed suspicious or malicious. By extending its protection to both IT and OT domains as well as emails, these platforms ensure our clients are guarded against diverse and evolving cyber threats across all digital touchpoints.

 

Raluca Saceanu, CEO of Smarttech247, commented:

 

"We are delighted to win this new contract, which serves as a strong endorsement for both our AI-enhanced VisionX MDR platform's capability and our NoPhish email security tool to secure both IT and OT environments.

 

"This collaboration ensures our client will have a robust defence mechanism for its extensive digital operations, encompassing everything from corporate data to critical operational processes and email security.

 

"This agreement with a new client is a significant milestone for us and we remain committed to supporting all our existing and new clients on their journey towards a secure and resilient digital infrastructure."

 

 

– Ends –

For further information please contact:

Smarttech247 Group PLC	Tel: +353 21 206 6033
Ronan Murphy, Executive Chairman Raluca Saceanu, Chief Executive Officer Nicholas Lee, Finance Director
SPARK Advisory Partners Limited – Nominated Adviser	Tel: + 44 (0) 20 3368 3550
Mark Brady / Adam Dawes
Shard Capital – Joint Broker	Tel: +44 (0) 20 7186 9900
Damon Heath
Fortified Securities – Joint Broker	Tel: +44 7493 989014
Guy Wheatley, CFA
Yellow Jersey PR Sarah Hollins / Annabelle Wills / Bessie Elliot	Tel: +44 (0) 20 3004 9512

 

About Reach announcements

Reach is an investor communication service aimed at assisting listed and unlisted (including AIM quoted) companies to distribute media only/non-regulatory news releases such as marketing messages, corporate and product information into the public domain. An RNS Regulatory announcement is required to be notified under the AIM Rules for Companies.

About Smarttech247

Smarttech247 is a multi-award winning automated MDR (Managed Detection & Response) company. Its platform is trusted by international organisations and provides threat intelligence with managed detection and response to provide actionable insights, 24/7 threat detection, investigation and response.

The Group's services are geared towards proactive prevention and it achieves this by utilising the latest in cloud, big data analytics and machine learning, along with an experienced incident response team. In recognition of its innovative technology, Smarttech247 was named by Chambers Ireland InBusiness Recognition Awards as Cyber Security Company of the Year 2023.

Smarttech247's offices are located in Ireland, United Kingdom, Romania, Poland and the USA. The Company was admitted to trading on AIM on 15 December 2022.

For further information please visit www.smarttech247.com

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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RNS Number : 9099F

Intuitive Investments Group plc

07 March 2024

 

7 March 2024 

 

Intuitive Investments Group plc

 

Hui10 contract win to roll outits technology platform to 2,000 Lottery Shops in 2024

 

Intuitive Investments Group plc (SFS: IIG) ("IIG" or the "Company"), the closed-end investment company focussed on fast growing and high potential opportunities in the Technology, Life Sciences and Healthcare sectors,announces the following update in respect of its largest single investment, Hui10 Inc. ("Hui10"). Hui10 is a technology company with interests in two operating businesses, Huishi Dehua and Huishi Chunyuan ("Lucky World"), involved in the digital transformation of the Chinese lottery.

 

The Chinese lottery is currently a paper tickets onlyoperation being sold from lottery only shops, with limited distribution in relation to the size of the addressable market. Hui10 is modernising China's lottery through its proprietary fully integrated technology platforms.  

 

The first step in this journey to digitalise the Chinese lottery is the implementation of Lucky World's HongBao (Red Envelope) technology. HongBao enables UnionPay business clients, including banks, mobile phone network operators, insurance companies, utilities, airlines, travel companies, food chains, retailers and merchants, to run promotion and marketing campaigns at minimal cost, direct to their existing users and to attract new customers by purchasing HongBao lottery from Hui10. Users receive and view their HongBao on their smart device and use it to pay for lottery tickets via the UnionPay POS terminals deployed to the lottery shops. This is a critical first stage in establishing a new way to pay for lottery tickets while also commencing the roll out of the Hui10 UnionPay infrastructure into the dedicated lottery stores to ensure the stores are e-ticket ready.

 

Hui10 has secured contracts with Hebei Sports Lottery Centre. Under the terms of these contracts, Hui10 will deploy its UnionPay POS terminals into 2,000 lottery shops in Hebei Province by the end of 2024. These POS terminals include Lucky World's technology and are the only POS terminals capable of processing the HongBao and credit the lottery shopkeeper's account instantly. For IIG, this represents the next important stage of Hui10's strategy to increase lottery play participation rates across China.

 

Following a successful initial rollout across lottery shops in Hebei and subject to the entering into of a new contract, Hui10 will look to continue the rollout of HongBao across the entire estate of c.175,000 Lottery shops across China.

 

Hui10 has developed a technology platform which is integrated into China UnionPay's clearing and settlement system as a mini program. UnionPay is the largest card organisation in the world, with over 9.6 billion payment cards issued, 2.5 billion active cards, over 450 million QuickPassPay APP users and 35 million POS terminals.

 

Enquiries:

 

Intuitive Investments Group plc	www.iigplc.com
Sir Nigel Rudd, Non-Executive Chairman Robert Naylor, CEO Giles Willits, CIO	Via FTI Consulting
Cavendish Capital Markets Limited James King / William Talkington / Daniel Balabanoff	+44 (0) 20 7397 8900
SP Angel Corporate Finance LLP – Financial Adviser	+44 (0) 20 3470 0470
Jeff Keating / David Hignell / Kasia Brzozowska
FTI Consulting	+44 (0) 20 3727 1000
Jamie Ricketts / Valerija Cymbal / Jemima Gurney	IIG@fticonsulting.com

 

 

About Intuitive Investments Group plc & Hui10

 

IIG is an investment company seeking to provide investors with exposure to a portfolio concentrating on fast growing and/or high potential Technology and Life Sciences businesses operating predominantly in the UK, continental Europe, the US and APAC, utilising the Board's experience to seek to generate capital growth over the long term for shareholders.

 

Hui10 is a technology company with interests in two operating businesses, Huishi Dehua and Huishi Chunyuan ('Lucky World'), involved in the digital transformation of the Chinese lottery. Huishi Dehua enables the market expansion of the Chinese lottery through its proprietary technology platform. Huishi Dehua is integrated into China's national card settlement system and payment platform, UnionPay. Hui10 holds a 33% share in Huishi Dehua. Lucky World is an ecommerce platform which provides China's existing lottery shops access to a wider fast-moving consumer goods product offering. Hui10 owns 60% of Lucky World.

 

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RNS Number : 4997E

itim Group PLC

27 February 2024

 

27 February 2024

 

itim Group plc

 

("itim" or "the Company" and together with its subsidiaries "the Group")

 

Contract Win with QUIZ clothing

 

itim Group plc, a SaaS based technology company that enables store-based retailers to optimise their businesses to improve financial performance, is pleased to announce the contract win and go live of itim's Omni channel retail platform for QUIZ clothing, a fashion retailer specialising in occasion wear and dressy casual wear with 73 stores and 274 concessions in the UK.

 

This five year multi-million-pound contract is a significant achievement for itim, as QUIZ is the first fashion retailer in its customer portfolio to implement the end-to-end retail platform as well as its new wholesale module.  The addition of the wholesale module and fashion capabilities completes The Retail Suite product development and will enable itim to offer our platform to other fashion retailers. QUIZ will utilise the platform to drive omni-channel customer journeys online, via an app and in store, alongside driving its core retail and wholesale businesses.

 

itim's Retail Suite product, soon to be rebranded as UNIFY, provides its customers with a full omni-channel offering which allows retailers to drive sales and profitability by adopting the principles of Unified Retailing.

 

Ali Athar, Chief Executive Officer, commented:

"We are delighted to have been selected by Quiz to work with them to enhance and expand their omni-channel capabilities. This important contract demonstrates the breadth and depth of our platform and our ability to add value in the highly customer-centric fashion sector."

 

The Company also expects to provide a general trading update for the period ended 31 December 2023, shortly.

 

 

Enquiries:

 

Itim Group plc	Ali Athar, CEO Ian Hayes CFO	0207 598 7700
WH Ireland (NOMAD & Broker)	Katy Mitchell Harry Ansell Darshan Patel	0207 220 1666
IFC Advisory	Graham Herring Florence Chandler	0207 3934 6630

 

This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

 

 

ABOUT ITIM

itim was established in 1993 by its founder, and current Chief Executive Officer, Ali Athar. itim was initially formed as a consulting business, helping retailers effect operational improvement. From 1999 the Company began to expand into the provision of proprietary software solutions and by 2004 the Company was focused exclusively on digital technology. itim has grown both organically and through a series of acquisitions of small, legacy retail software systems and associated applications which itim has redeveloped to create a fully integrated

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RNS Number : 5132E

Silver Bullet Data Services Grp PLC

27 February 2024

 

27 February 2024

 

Silver Bullet Data Services Group plc

 

("Silverbullet" or the "Company" or the "Group")

 

US$2.3m Contract Win with Mars

 

Silverbullet, a provider of digital transformation services and products, is pleased to announce an extended contract with Mars Petcare US ("Mars"), which provides pet nutrition, health, and veterinary services as part of Mars, Incorporated.

 

Silverbullet has extended its partnership with Mars for the third consecutive year, for a value of US$2.3 million, from January to December 2024.

 

In this extended collaboration, the Company will be broadening its support to Mars across three primary workstreams, specifically dedicated to the implementation of AI driven first party customer data intelligence.

 

The expanded scope includes:

 

·	Customer Experience ("CX") Activation – by providing support in the design and execution of cross-channel customer journeys and leveraging Salesforce platforms, as well as proprietary and third party GenAI tools.
·	Data Management & Integrations – assisting with customer data management and facilitating custom integrations between the Salesforce marketing technology ("martech") stack and other tools and data sources.
·	Data Visualisation & Insights – extending support in the design and creation of customised data dashboards. These dashboards aim to provide marketing intelligence and insights for informed decision-making.

 

Ian James, Chief Executive Officer of Silverbullet, commented:"Our enduring partnership with Mars Petcare US, now entering its third year, reflects our commitment to delivering transformative data solutions. I am delighted to announce the expansion of our collaboration, supporting Mars across crucial workstreams in data-driven customer experiences. The strides we have made together are a testament to the shared commitment to innovation and quality. We look forward to another year of mutual growth and success, reinforced by the continued trust and collaboration with Mars Petcare US."

 

 

 

For further information please contact:

Silverbullet		via IFC
Ian James (CEO)
Strand Hanson Limited – Financial and Nominated Adviser		0207 409 3494
James Spinney / James Bellman / Robert Collins
Oberon Capital – Broker		0203 179 5344
Mike Seabrook / Chris Crawford / Nick Lovering
IFC Advisory		020 3934 6630
Graham Herring / Tim Metcalfe / Florence Chandler		07793 839 024

 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended by virtue of the Market Abuse (Amendment) (EU Exit) Regulations 2019.

 

About Silverbullet

Silverbullet's proprietary 4D advertising solution is designed to help advertisers target consumers in a "post cookie world". The product is a natural extension to its existing services business which already serves a blue-chip client base such as Heineken, Channel 4, Amazon and ITV amongst many others. The removal of third-party cookies has already been implemented by web browsers such as Firefox and Safari, with Google expected to phase out the use of cookies in 2023. 

 

Headquartered in London, the Group employs employees across five regions across the globe, including, the UK, Italy, Australia, USA and Latin America. The Group continues to look at other opportunities for expansion worldwide.

 

The Company has an established and growing services business with significant accumulated industry experience and a proven track record of delivering strategic projects and activation services to its clients. The majority of the Board have held senior positions at global software companies and have significant industry experience across data engineering, SAAS product development and marketing.

 

The Group has close technical and commercial partnerships with multiple global technology providers, all of which have existing sales channels and are already delivering to clients.

 

The Group has established a strategic partnership and an entity with Local Planet, a scaled network of over 60 agencies across the globe.  Local Planet Data Services Limited was established in December 2020 and presents a significant opportunity to provide data services and the 4D product to the Local Planet agency network.

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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Neville Registrars are delighted to welcome SSV Capital PLC as the newest addition to its list of client companies.

SSV Capital’s mission is to create a better future by substantially increasing the value of their assets. They strive to achieve this not only for their benefit but also for the world at large, through a sustainable and ethical approach in all their endeavours.

Further information can be found on the Company's website: https://ssvcapital.co/

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RNS Number : 6145B

Water Intelligence PLC

01 February 2024

 

 

Two National Insurance Wins To Launch 2024 and Notice of FY 2023 Trading Update

 

Water Intelligence plc is pleased to announce that since the beginning of 2024 it has signed two national contracts, which launch on 1 February, between its American Leak Detection (ALD) subsidiary and top-tier national insurance companies in the United States. ALDprovides insurance companies and their loss adjusters with a trusted solutions partner with operational coverage across the United States.  ALD uses its proprietary technologies to pinpoint water leaks and minimize collateral damage claims for residential and property management end-users. These contracts reinforce ALD's brand leadership in providing solutions for water-related claims, which is one of the largest source of claims in the US home insurance market.

 

One contract is a multi-year expansion of an existing national contract which includes both a price increase for ALD's value-add service offerings and the provision of automated data analysis from the Group's Salesforce.com customer management implementation. With the addition of such data analysis from its secure cloud-based environment, ALD is uniquely positioned to provide significant value to insurers across the United States.  

 

The other contract is a new national contract with one of the leaders in the high-end residential market.  ALD is uniquely positioned to deliver custom results given its minimally-invasive approach to pinpointing and repairing water leaks.  For this segment of the market, ALD will not only deliver water and wastewater solutions and data regarding its premium services but also follow-on products for the smart home via its video ecommerce applications.

 

Notice of Full Year 2023 Trading Update

 

The Group will release a Full Year 2023 Trading Update during the week of February 12.

 

Executive Chairman, Patrick DeSouza commented: "We are delighted to kick-off 2024 in strong fashion and to reap the benefits of prior technology investments that we have made in systems, proprietary diagnostic tools and follow-on offerings.  We have a large addressable market to capture." 

 

Enquiries:  

Water Intelligence plc Patrick DeSouza, Executive Chairman	Tel: +1 203 654 5426
WH Ireland Limited – NOMAD & Joint Broker Hugh Morgan James Bavister	Tel: +44 (0)20 7220 1666
RBC Capital Markets – Joint Broker Rupert Walford Elizabeth Evans Daniel Saveski	Tel: +44 (0)20 7653 4000
Dowgate Capital Ltd – Joint Broker   Stephen Norcross		Tel:  +44 (0)20 3903 7715

 

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RNS Number : 1143B

Ondo InsurTech PLC

29 January 2024

 

29 January 2024

 

Ondo Shortlisted for Breakthrough of the Year Award at PLC Awards 2023

Ondo Insurtech (LSE: ONDO), a leading company in claims prevention technology for home insurers, is delighted to announce its shortlisting for the Breakthrough of the Year Award at the upcoming PLC Awards 2023.

 

PLC Awards, established in 1987 and sponsored by BDO in association with the London Stock Exchange, stand as a beacon in recognizing outstanding achievements within the Main Market of the London Stock Exchange, the revered "plc club." Scheduled annually in March, this event highlights excellence across various categories with a particular emphasis on Environmental, Social, and Governance (ESG) considerations, reflecting the dynamic and evolving landscape of responsible corporate citizenship.

 

Ondo's nomination in the Breakthrough of the Year category recognises its pioneering efforts in the insurtech sector. Notably, its proprietary leak detection product, Leakbot, which leads the charge in proactive claims prevention. The Company's dedication to innovation, transformative solutions, and sustainable practices align with the demanding ESG criteria championed by the PLC Awards, as well as the diverse needs of customers and homeowners committed to conservation.

 

In 2022, Ondo received the London Stock Exchange's Green Economy Mark, a recognition of its significant contribution to the global green economy through the water-saving benefits delivered by Ondo's LeakBot product.

 

Craig Foster, CEO of Ondo InsurTech, commented: "This nomination underscores our pursuit of innovation and our commitment to delivering groundbreaking tech solutions to solve real-world problems. Our focus on responsible and sustainable business practices is unwavering."

 

For more information, visit www.ondoplc.com

 

Enquiries:

Ondo InsurTech Plc	Craig Foster, CEO Kevin Withington, CFO	+44 (0) 800 783 9866
Dowgate Capital Ltd (Broker & Financial Advisor)	Russell Cook Nick Chambers Charlie Hall	+44 (0) 20 3903 7715
Cassiopeia Services Ltd (PR & Investor Relations)	Stefania Barbaglio	+44 (0) 7949 690338

About Ondo InsurTech PLC

 

Ondo InsurTech Plc is a world leading provider of claims prevention technology for home insurers.  Ondo's focus is on the global scale-up of LeakBot – claims prevention technology that prevents water damage claims in houses. Water damage is the single biggest cause of home insurance claims, accounting for $17bn of claims every year in the USA and UK combined. LeakBot is a patented self-install solution that connects to the home wireless network and, if it detects a leak, notifies the customer via the LeakBot mobile app and provides access to a team of expert LeakBot engineers to 'find and fix' the problem. Independent research by Consumer Intelligence found LeakBot can reduce the cost of water damage claims by 70%.

 

LeakBot partners with 15 insurance carriers – including Nationwide, Admiral, Direct Line Group, Hiscox, Länsförsäkringar and TopDanmark – both in Europe and the USA.

 

In March 2022 LeakBot became the first InsurTech to IPO in London, as Ondo InsurTech Plc

(LSE:ONDO) and holds the coveted London Stock Exchange Green Economy Mark awarded to companies who derive the majority of their income from Green activities.

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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RNS Number : 5259A

Netcall PLC

23 January 2024

 

23 January 2024

 

NETCALL PLC 

("Netcall", the "Company" or the "Group") 

Acquisition of Skore Labs Limited

Enhancing the Liberty digital transformation platform, increasing market opportunity and cross-sale potential

Netcall plc (AIM: NET), a leading provider of intelligent automation and customer engagement software, is pleased to announce the acquisition of Skore Labs Limited ("Skore"), a cloud-based process improvement software company (the "Acquisition").

Key points:

·	Highly complementary bolt-on solution, enhancing and broadening Netcall's offering as a one-stop-shop digital transformation toolkit
·	Provides increased cross-selling potential and expanded market opportunity and reach
·	Brings new customers across industries and a compatible cloud recurring revenue model
·	Initial consideration of £2 million, with additional earnout resulting in a maximum consideration of up to £6.225 million

About Skore

Skore (www.getskore.com) is a UK company that provides a cloud-based software solution for business process discovery, mapping, analysis and management. As an intuitive and collaborative solution, users can rapidly identify process problems as well as opportunities for optimisation to drive operational improvement, innovation and efficiencies.

Based in Portsmouth, Skore was established in 2014 and has c.120 customers across a range of industries, including Ashford Borough Council, Cielo, Holland & Barrett, Northrop Grumman and University College London NHS Trust. All of the current team will remain with the Netcall group.

For the year ended 31 December 2023, Skore's revenues have grown 96% to £449k (2022: £229k) with an adjusted EBITDA loss of £55k (2022: loss of £159k) (figures from unaudited managements accounts). Annual recurring revenue (ARR) from cloud subscriptions increased by 179% to £651k (2022: £233k).

Acquisition Rationale

Process mapping is a foundation capability that enhances Netcall's current product portfolio. With the expanded Liberty platform that incorporates Skore's process mapping solution with Liberty's low-code, robotic process automation and AI solutions, customers will be able to build solutions, streamline and automate processes faster and easier, to improve operational effectiveness and efficiency.

The expanded Liberty platform also allows Netcall customers to add process mapping to their subscriptions, creating cross-selling potential and new customer opportunities for organisations that want a comprehensive all-in-one process solution.

Consideration for the Acquisition

The total consideration for the Acquisition, including earnout, is up to £6.225 million, of which up to £4.225 million is dependent on the performance of Skore. The initial consideration is £2.0 million, payable in cash from Netcall's existing cash resources, with £1.8 million payable on completion and £0.2 million is held back and deferred for 12 months.

Up to £4.0 million of the earnout consideration is payable subject to Skore achieving contracted annualised value of software subscriptions ("Annualised Subscription Value") growth from £0.6 million to £2.0 million within three years of acquisition. The payment will be pro-rata, measured annually, and paid 50% in cash and 50% in Netcall shares with elements of both deferred until the end of the earnout period. Any Netcall shares issued will be subject to a 12 month lock-in for the management shareholders of Skore. The balance of the earnout contingent consideration is payable in cash and is dependent on achieving a minimum level of Annualised Subscription Value in the earnout period.

James Ormondroyd, CEO of Netcall plc commented:"The acquisition of Skore fits excellently within our stated acquisition rationale, bringing a highly complementary technology offering.Business process improvement is seen as an increasingly important part of the puzzle for companies wishing to improve their interactions with customers, and we believe this acquisitionaccelerates our position in a rapidly growing market for digital transformation and automation.

"We have a successful track record in growing our market opportunity and cross-sell potential through organic and acquisitive product expansion, and the addition of the Skore process mapping capabilities is a step forward in this journey. We look forward to welcoming the Skore team to Netcall."

For further enquiries, please contact:

 

Netcall plc	Tel. +44 (0) 330 333 6100
James Ormondroyd, CEO
Henrik Bang, Non-Executive Chair
Richard Hughes, CFO
Canaccord Genuity Limited (Nominated Adviser and Broker)	Tel. +44 (0) 20 7523 8000
Simon Bridges / Andrew Potts
Singer Capital Markets (Joint Broker)	Tel. +44 (0) 20 7496 3000
Harry Gooden / Asha Chotai
Alma Strategic Communications	Tel. +44 (0) 20 3405 0205
Caroline Forde / Hilary Buchanan / Matthew Young

 

About Netcall

Netcall's Liberty software platform with Intelligent Automation and Customer Engagement solutions helps organisations digitally transform their businesses faster and more efficiently, empowering them to create a leaner, more customer-centric organisation.

Netcall's customers span enterprise, healthcare and government sectors. These include two-thirds of the NHS Acute Health Trusts and leading corporates including Legal and General, Lloyds Banking Group, Aon and Santander.

For further information, please go to www.netcall.com.

Prior to publication the information communicated in this announcement was deemed by the Company to constitute inside information for the purposes of article 7 of the Market Abuse Regulations (EU) No 596/2014 as amended by regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations No 2019/310 ('MAR'). With the publication of this announcement, this information is now considered to be in the public domain.

 

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RNS Number : 7609Z

4GLOBAL PLC

16 January 2024

 

16 January 2024

4GLOBAL PLC

("4GLOBAL" or the "Company")

Contract Wins

4GLOBAL, a UK-based data, services and software company focused on major sporting events and the promotion and measurement of physical activity, is pleased to announce that it has been awarded two contracts in the Kingdom of Saudi Arabia ("KSA") resulting in a combined value of over £800,000, with the majority of the work scheduled for completion within the current financial year.

The initial award, with the client in KSA, has enlisted the services of 4GLOBAL to assess the value and operational viability of a number of sporting facilities in the area. This venture is aimed at securing public investment for the facilities, contributing to the expansion of sports participation in the region.

The second award is with a new partner within the region. 4GLOBAL is set to deliver a comprehensive solution offering valuable insights into the feasibility of investing in sports facilities and the potential return on investment. This solution aims to enhance the overall return on investment by enhancing aspects such as facilities, programmes and events.

Eloy Mazon, 4GLOBAL's CEO, commented:

"We are delighted to have been awarded the two additional contracts in KSA. This is a significant achievement and a testament to our commitment to excellence and our strong presence in this region. Securing these contracts underscores the robustness of our international expansion strategy and the value our existing and potential customers see in gaining access to our data (DataHub) and insight solutions that are critical to them to make the right decisions at the right time" The board is confident that we are trading in line with market expectations for the current financial year.

For further information please contact:

4GLOBAL Eloy Mazon (CEO)	c/o IFC Advisory
Spark Advisory Partners – Nominated Adviser Neil Baldwin	0203 368 3554
Canaccord Genuity Limited – Broker Bobbie Hilliam	020 7523 8000
IFC Advisory Graham Herring / Zach Cohen	0203 934 6630

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED.  ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 

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