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CROS Crossrider

76.50
0.00 (0.00%)
23 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Crossrider LSE:CROS London Ordinary Share IM00BQ8NYV14 ORD USD0.0001
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 76.50 75.00 78.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Crossrider plc AGM Statement (4854F)

18/05/2017 7:01am

UK Regulatory


Crossrider (LSE:CROS)
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TIDMCROS

RNS Number : 4854F

Crossrider plc

18 May 2017

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014

18 May 2017

Crossrider plc

("Crossrider", the "Group" or the "Company")

AGM Statement

Crossrider (AIM: CROS), will be holding its Annual General Meeting at 12.00pm today.

At the meeting, Don Elgie, Non-executive Chairman of Crossrider, will make the following statement:

"I'm pleased to report that Crossrider has made a solid start to the financial year with trading in-line with management expectations. Our senior management team have executed a successful turnaround of the Company, which is now on track to benefit from our renewed focus on growing Crossrider's digital product portfolio. We continue to see strong traction across our broadening software product suite which is underpinned by our longstanding expertise in digital distribution. Following our recent acquisitions, our portfolio now includes DriverAgent, a device driver optimisation technology and in the cyber security space, CyberGhost, a leading SaaS Virtual Private Network provider.

"We announced the acquisition of CyberGhost at our full year results in March 2017. The integration of CyberGhost is progressing to plan with the synergies outlined at the time of acquisition now being realised and exceeding our expectations. CyberGhost was a highly strategic bolt-on acquisition for Crossrider as it broadens our B2C sales footprint, whilst expanding the Company's presence in the highly lucrative cyber security market - a key growth vertical for Crossrider.

"We continue to grow the Company organically by leveraging our digital capabilities to reach our newly expanded consumer base and in addition, we are constantly evaluating acquisition opportunities which will both broaden our product reach and accelerate our routes to market"

Enquiries:

 
 Crossrider plc                            via Vigo Communications 
  Ido Erlichman, Chief Executive 
  Officer 
  Moran Laufer, Chief Financial Officer 
 Shore Capital (Nominated Adviser 
  & Broker)                                +44 (0)20 3772 
  Bidhi Bhoma / Toby Gibbs                  2496 
 Vigo Communications (Financial 
  Public Relations) 
  Jeremy Garcia / Fiona Henson / 
  Antonia Pollock                          +44 (0)20 7830 
  crossrider@vigocomms.com                  9703 
 

About Crossrider

Crossrider distributes and develops digital products in the online security space. The Company utilises its proprietary digital distribution technology to optimise its reach and create a superb user experience. The Company offers products which provide online security, privacy and optimal online experience. Crossrider's vision is to provide and develop best-in-class digital products for its customers and partners globally.

www.crossrider.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

AGMFMGMKFNRGNZZ

(END) Dow Jones Newswires

May 18, 2017 02:01 ET (06:01 GMT)

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