ITO Intechnology

RNS Number:3291L
InTechnology PLC
21 April 2005

21 April 2005
                                InTechnology plc

                   Year end trading update and Change of CEO


The Board of InTechnology plc issues the following trading update after the end
of its fourth quarter to 31 March 2005:

Trading volumes, revenues and margins across the Specialist Distribution
division are in line with the expectations outlined by the Company in January.
The Managed Services division has, as expected, recorded operating profits
during the second half-year and performance remains in line with expectations.

In the fourth quarter InTechnology renewed its financing arrangements with IBM
and is pleased to announce that Royal Bank of Scotland is now providing working
capital finance to the Group jointly with IBM.

The full year results for InTechnology are expected to be published in early
June.

The Board also announces that Peter Wilkinson, founder and Executive Chairman,
will become Chief Executive Officer following the resignation of Charles
Cameron, who leaves with immediate effect to pursue other interests within the
IT industry.  The Rt. Hon. Lord Parkinson, non-executive President, becomes
non-executive Chairman of the company.

Peter Wilkinson commented:

"On behalf of the Board, I'd like to thank Charles for his contribution to the
business over the past three years.  I'm looking forward to the challenge of
taking the helm once more."


Enquiries:

InTechnology plc:
Peter Wilkinson, Chief Executive Officer         Tel: 01423 877443
Andrew Kaberry, Financial Director               Tel: 01423 877442


Financial Dynamics:
James Melville-Ross / Juliet Clarke              Tel: 020 7831 3113


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

TSTVBLFLEZBZBBK

Intechnology (LSE:ITO)
Historical Stock Chart
From Jun 2024 to Jul 2024

Intechnology (LSE:ITO)
Historical Stock Chart
From Jul 2023 to Jul 2024