Dillistone Group PLC Launch of GatedTalent & draw down of Loan Notes (2601V)

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RNS Number : 2601V

Dillistone Group PLC

02 November 2017

Dillistone Group Plc

Launch of GatedTalent &

Draw down of Convertible Loan Notes

Dillistone Group PLC ("Dillistone" or the "Dillistone Group"), the AIM quoted supplier of software for the international recruitment industry, is pleased to announce the successful launch of GatedTalent, Dillistone's innovative next generation executive recruitment platform, and that it yesterday drew down GBP400,000 through the issue of convertible loan notes ("Loan Notes") as announced on 28 September 2017.

Dillistone has received very positive industry feedback post the launch of GatedTalent at its recent World Executive Search Congress and has secured a number of contracts from executive recruitment companies across multiple countries for access to the new product. A further update will be issued in the coming weeks.

The Loan Notes, issued to Directors and persons discharging managerial responsibilities at Dillistone Group, will be used to finance the ongoing costs incurred in connection with developing and launching GatedTalent.

Enquiries:

 
 Dillistone Group 
  Plc 
 Mike Love                        Chairman                           020 7749 6100 
 Jason Starr                      Chief Executive                    020 7749 6100 
 Julie Pomeroy                    Finance Director                   020 7749 6100 
 
 WH Ireland Limited (Nominated 
  adviser) 
                                  Head of Corporate 
 Chris Fielding                   Finance                            020 7220 1650 
 
 Walbrook PR 
 Tom Cooper / 
  Paul Vann                                                          020 7933 8780 
                                                                     0797 122 1972 
                                                         [e-mail] 
 
 

Notes to Editors:

Dillistone Group Plc (www.dillistonegroup.com) is a leader in the supply and support of software and services to the recruitment industry. It has five brands operating through three divisions: Dillistone Systems, which targets the executive search industry (www.dillistone.com); Voyager Software, which targets other recruitment markets (www.voyagersoftware.com); and GatedTalent, the next generation executive recruitment database (www.GatedTalent.com).

Dillistone has made three acquisitions: Voyager Software in September 2011, FCP Internet in July 2013 and ISV Software in September 2014. The Group operates under the FileFinder, Infinity, Evolve, ISV and GatedTalent brands.

Dillistone was admitted to AIM, a market operated by the London Stock Exchange plc, in June 2006. The Group employs over 100 people globally with offices in London (head office) Basingstoke and Southampton, Frankfurt, New Jersey and Sydney.

This information is provided by RNS

The company news service from the London Stock Exchange

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November 02, 2017 03:00 ET (07:00 GMT)