AGM Statement
August 03 2004 - 2:01AM
UK Regulatory
RNS Number:5321B
CybIT Holdings PLC
03 August 2004
Cybit Holdings Plc
("Cybit" or the "Company")
AGM Statement
At today's AGM of Cybit Holdings Plc Neil Johnson, Chairman, will make the
following statement:
"I am pleased to report that our forward order book remains strong and current
trading is in line with expectations. This performance comes despite continued
difficult trading conditions in our commercial markets and we look forward to
the future with confidence.
I am pleased to report that Norwich Union Insurance Limited ("NUI") has
confirmed its intent to establish a three year strategic partnership agreement
with Cybit to develop and implement focused fleet telematics solutions. These
solutions will utilise data from Cybit's telematics devices to better manage
fleet risk. Working through NUI's intermediaries, the agreement will provide
Cybit with access to NUI's commercial motor base. More details on this agreement
will be released in due course.
I announced in the Annual Report that Juliet Hoskins, who has been a major
contributor to the board since the Company's flotation in March 2001, wished to
step down from the board at this AGM. I would like to take this opportunity to
publicly record our thanks for all her hard work and wish her well in the
future.
Finally, I should like once again to thank Richard Horsman our Chief Executive,
all of the Cybit personnel and my colleagues on the Plc board for all their hard
work in continuing the success of your Company in the current year.
Enquiries:
Richard Horsman Chief Executive, Cybit Holdings Plc 01480 389 100
David Rydell Bell Pottinger Financial 0207 861 3232
Charlotte Kirkham
This information is provided by RNS
The company news service from the London Stock Exchange
END
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