Share Name Share Symbol Market Type Share ISIN Share Description
BNN Technology LSE:BNN London Ordinary Share GB00BNBNSF91 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -3.25p -4.21% 74.00p 73.50p 74.00p 78.00p 73.00p 78.00p 545,270 16:35:16
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 2.1 -18.2 10.1 7.3 165.01

BNN Technology PLC Statement re share price movement & Trading Update

05/04/2017 11:28am

UK Regulatory (RNS & others)


BNN Technology (LSE:BNN)
Historical Stock Chart

2 Months : From Mar 2017 to May 2017

Click Here for more BNN Technology Charts.

TIDMBNN

RNS Number : 6719B

BNN Technology PLC

05 April 2017

5 APRIL 2017

BNN Technology PLC

Statement re share price movement and Trading Update

The Board of BNN Technology (AIM: BNN), a London-listed Chinese technology, content and services company has noted the share price reaction over the past week and is not aware of any reason for today's share price movement.

Trading Update

Gross Transaction Volumes (GTV) through the company's platform have continued to progress well in recent weeks. Gross transaction volume has grown by 46% to over GBP400 million in the three months to March 2017, following GBP273 million in the three months to December 2016.

The company's financial results for the 12 months ended 31 December 2016 are scheduled to be released by the end of next week.

The company's NASDAQ listing process is also progressing, as previously announced. We are working towards completing the listing in Q3 2017.

Supported by the launch of the recently announced motorist platform, which we expect will generate revenues in H1, we continue to expect significant revenue growth for the Group in the current year. Since the initial announcement, we have added a second major fuel retailer to the motorist platform, in addition to the market-leading operator already reported.

The company continues to operate with a strong and healthy balance sheet, and began the calendar year with approximately GBP28 million of cash and cash equivalents.

For further information, please contact:

 
 BNN Technology plc                     +44 (0) 1565 872990 
   Darren Mercer, Chief Executive 
    Scott Kennedy, Chief Financial 
    Officer 
    Stephen Benzikie, Communications 
                                            +44 (0) 20 7404 
 Brunswick Group (Public Relations)                    5959 
   Brian Buckley / Diana Vaughton 
 Strand Hanson Limited (Nominated           +44 (0) 20 7409 
  & Financial Adviser)                                 3494 
   Andrew Emmott / Ritchie Balmer 
 
    Mirabaud Securities LLP (Broker)        +44 (0) 20 7878 
    Peter Krens                                        3362 
 

About the Group

BNN Technology plc is a Chinese technology, content and services company that builds long-term partnerships to deliver China's citizens with value-added services, content and evolving opportunities.

Listed on AIM since 2014 the Group principally engages in providing technology to partners to facilitate fulfilment of payments online and on mobile apps through partnerships or affiliate agreements with corporate and key government partners, and, developing digital content, both online and mobile. Through its partnership with Xinhuatong and NewNet, BNN facilitates mobile payments, through its technology platform, on the Xinhua News mobile app in 12 provinces in China. The Chinese consumer shift to 'life on mobile' is only just beginning and BNN's platform technology enables urban and rural communities across China to access exclusive content and pay for more services online.

The Group employs nearly 300 professionals throughout China.

This information is provided by RNS

The company news service from the London Stock Exchange

END

SPMUGUMPCUPMGUA

(END) Dow Jones Newswires

April 05, 2017 06:28 ET (10:28 GMT)

1 Year BNN Technology Chart

1 Year BNN Technology Chart

1 Month BNN Technology Chart

1 Month BNN Technology Chart
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:42 V:gb D:20170528 20:26:31