Belgravium Technologies PLC AGM Statement and Directorate Appointment (4156O)

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RNS Number : 4156O

Belgravium Technologies PLC

28 May 2015

28 May 2015

BELGRAVIUM TECHNOLOGIES PLC

(AIM: BVM)

AGM Statement and Directorate Appointment

Belgravium Technologies, the provider of mobile on-board retail solutions, is holding its Annual General Meeting ("AGM") today at 11.00 a.m.

At the AGM John Kembery, the Chairman, will make the following statement:

"The Company is pleased to report the recent receipt of a substantial order from Certas to supply and install mobile systems across their English and Welsh petrochemical delivery fleet. The initial order value is of approximately GBP1.2 million is for delivery in the current financial year with a recurring annual comprehensive software licence and managed service support programme. There is also the potential for the systems to be rolled out into Certas's Scottish fleet of vehicles in 2016.

However, because this order was anticipated in the first quarter of 2015, trading in the early part of the year was slower than anticipated. It was also affected by a more in depth integration process of AFS into Feedback, than had been expected. Turnover and profits are expected to recover by the end of the first half but results for the first half will reflect the slow start to the year.

As in previous years the results for the year as a whole are expected to be heavily second half weighted and some good prospective orders are currently being negotiated.

In addition, I am delighted to announce that following the AGM today, Ian Martin will be appointed as a non-executive director of the Company. Ian has significant experience both as an executive and non-executive director both in public and private companies including being previously chairman and CEO of Avesco and being instrumental in its growth between 2002 and 2012. The board is very much looking forward to working with Ian and benefitting from his experience."

The following details in relation the appointment of Ian Paul Martin (aged 54) are disclosed in accordance with in accordance with Schedule 2(g) of the AIM Rules

 
 Current directorships         Past directorships held within 
                                last five years 
----------------------------  ------------------------------------- 
 Chelverton Growth Trust plc   AJRG Limited 
  Hypersonic Limited            Ascot Underwriting Limited 
  JJ Locations Limited          Ascot Underwriting Holdings Limited 
                                Avesco plc 
                                Avesco Group plc 
                                Creative Technology Limited 
                                CT Germany Limited 
                                Forest Highways Limited 
                                Forest Support Services plc 
                                Forest Traffic Services Limited 
                                Forest Traffic Signals Limited 
                                Fountain Television Limited 
                                Investinmedia Holdings Limited 
                                Investinmedia Investments Limied 
                                Media Control (UK) Limited 
                                Presteigne Limited 
                                Mclcreate Limited 
                                Charter Broadcast Limited 
 

There are no other disclosures required in accordance with Schedule 2(g) of the AIM Rules

Contacts:

Belgravium Technologies Plc www.belgravium-technologies.com

   John Kembery, Executive Chairman                                           [phone] 
   WH Ireland Limited (Nominated Adviser and Broker)              www.wh-ireland.co.uk 
   Mike Coe / Ed Allsopp (Corporate Finance)                                [phone] 

This information is provided by RNS

The company news service from the London Stock Exchange

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