Amino Technologies PLC Trading Update and Notice of Results (5983J)
December 06 2018 - 1:00AM
UK Regulatory
TIDMAMO
RNS Number : 5983J
Amino Technologies PLC
06 December 2018
6 December 2018
AMINO TECHNOLOGIES PLC
("Amino", the "Company" or the "Group")
Trading Update and Notice of Results
Amino Technologies plc (LSE: AMO), the global provider of media
and entertainment technology solutions to network operators,
provides the following trading update for the year ended 30
November 2018 ("FY2018").
The Group expects to report trading performance in line with
consensus market expectations.
The Group continues to deliver excellent cash generation. Its
cash position at 30 November 2018 was $20.3m (30 November 2017:
$17.4m).
The Company will announce its full year results on 5 February
2019.
Keith Todd CBE, Non-Executive Chairman, said:
"The Group continues to generate excellent operating cash flows
and its trading performance is expected to be in line with
consensus market expectations. The Board remains committed to
increasing the dividend by no less than 10% for the full year and
to maintain the FY2018 dividend level in absolute terms for a
further two years at least."
This announcement is released by Amino Technologies plc and
contains inside information for the purposes of Article 7 of the
Market Abuse Regulation (EU) 596/2014 (MAR), and is disclosed in
accordance with the Company's obligations under Article 17 of
MAR.
For the purposes of MAR and Article 2 of Commission Implementing
Regulation (EU) 2016/1055, this announcement is being made on
behalf of the Company by Mark Carlisle, Chief Financial
Officer.
For further information please contact:
Amino Technologies PLC +44 (0)1954 234100
Donald McGarva, Chief Executive Officer
Mark Carlisle, Chief Financial Officer
finnCap Ltd (NOMAD and Joint Broker) +44 (0)20 7220 0500
Matt Goode / Carl Holmes / Simon Hicks (Corporate Finance)
Tim Redfern / Richard Chambers (Equity Capital Markets)
Liberum Capital Limited (Joint Broker) +44 (0)20 3100 2000
Cameron Duncan / Bidhi Bhoma
FTI Consulting LLP (Financial PR) +44 (0)20 3727 1000
Jamie Ricketts / Alex Le May / Chris Birt
About Amino Technologies plc
Amino is a global leader in media and entertainment technology
solutions and an IPTV pioneer, working with over 250 operators in
100-plus countries. Drawing on more than 20 years' experience
delivering IP/cloud innovation, Amino enables operators to meet the
challenges they face as broadcast TV and online video moves to an
all-IP future with managed over-the-top (OTT) offerings. We are
expert in software, hardware and cloud implementation - able to
deploy our own leading-edge technologies and integrate these with
third-party and 'upcycled' legacy systems. At the forefront of the
evolution of TV Everywhere, Amino helps operators to provide the
features and functionality modern consumers are looking for in a
multiscreen, multi-device entertainment world.
Having deployed over 10 million customer premise devices and the
software necessary to link the back end to the user interface, we
understand the issues operators face. We partner with operators to
deliver end-to-end, operator-ready solutions that enable
next-generation customer experiences. We 'upcycle' existing
infrastructure to support more advanced services and integrate
seamlessly with new technologies to form a unified ecosystem. The
result is a fresh consumer offering based on a consistent user
experience across all screens, building brand reputation, stemming
churn, growing subscribers and increasing average revenue per user
(ARPU).
Amino Communications is a wholly-owned subsidiary of Amino
Technologies PLC and listed on the London Stock Exchange
Alternative Investment Market (AIM: symbol AMO), with headquarters
in Cambridge, United Kingdom, and global offices in California,
Finland, Hong Kong and Portugal. For more details, visit
www.aminocom.com
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.
END
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