Proxama PLC AGM Statement (8229L)
July 24 2017 - 1:01AM
UK Regulatory
TIDMPROX
RNS Number : 8229L
Proxama PLC
24 July 2017
24 July 2017
Proxama Plc
("Proxama" or the "Company")
AGM Statement
Proxama plc (AIM: PROX), the leading mobile proximity marketing
expert, is holding its Annual General Meeting and General Meeting
today. At the meeting, Kelvin Harrison, Non-Executive Chairman of
Proxama, will make the following statement:
"I would like to thank all our shareholders for their support
following the successful placing and open offer. As a result of
this fundraise, your Company is now debt free and well positioned
to continue its transition to a mobile location and data
business.
As previously described, the Company will now continue its
transition to a location intelligence business, using its mobile
location data to scale existing data and audience products and
launch new attribution and verification products.
In recent weeks, we have significantly increased our access to
audience data. The larger the mobile consumer audience that we have
access to, the more data the Company can collect, the more value
our platform can add, and therefore the more that we can charge for
our data products.
We now plan to continue to scale the business primarily through
our data products - both existing and new. We have already seen
increases in data sales via four marque brand partnerships
including Blis, a global leader in advanced location data
technology, and we expect these to make a significant contribution
to our revenue for 2017 and beyond. We have also already started
the shift to higher value data products and are working on the
release of these for the second half of 2017.
We are very excited to be moving forward with what we consider
to be a very exciting transition, and we recognise that this would
not be possible without the support of our shareholders. We want to
acknowledge that support today, and reassure our investors that we
will work tirelessly to repay the faith that they have shown in us,
and our new direction."
Enquiries:
Proxama PLC Via Redleaf
John Kennedy
Peel Hunt LLP
(Nominated Adviser and Broker)
Richard Kauffer/Euan Brown 020 7418 8900
Redleaf Communications
Charlie Geller/Elise Palmer/Sam Modlin 020 7382 4769
This information is provided by RNS
The company news service from the London Stock Exchange
END
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