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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
I-Mate | LSE:IMTE | London | Ordinary Share | GB00B0J0C046 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.12 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number : 0826G i-mate plc 17 October 2008 For Immediate Release 17 October 2008 i-mate plc Trading update for the six months ended 30 September 2008 i-mate plc (London AIM:IMTE), the specialist in Microsoft Windows Mobile® devices and software, today announces a trading update for the six months ending 30th September 2008. Sales for the six-month ended of September are estimated at $20.6 Million compared to $46.2 Million for the same time last year. This resulted in an estimated operating loss of $10.8 Million loss compared to $29.4 Million loss for the same time last year. Our cash position is at $11.2 Million and stock at $9.1 Million with debtors of $3.9 Million and creditors of $2.6 Million. As stated in the year end results on 29 September the last 2 months have seen global handheld sales drop considerably and this trend is looking set to continue. We also outlined that we were considering delisting i-mate. We have subsequently decided that, pursuant to a request for a resolution to de-list the company to be placed before the company in general meeting, that following the conclusion of the Company's Annual General Meeting scheduled to be held on 10 November 2008, an Extra-ordinary General Meeting will be held at which time such a resolution will be put to the members. If the resolution is passed the Company's non-executive chairman, Bernard Cragg and non-executive director, Bill Gorjance, will resign and Jim Morrison will take on the role of Chairman and Chief Executive Officer. Jim Morrison, Chief Executive Officer of i-mate commented: "It was made quite clear at the time of our preliminary results last month that the economics and business benefits of being a quoted Company were becoming increasing unclear. Our business and indeed the market continue to weaken as global consumer confidence slides. I fully expect i-mate to be a private company within 60 days." For further information please contact: i-mate plc Jim Morrison Tel: 00 971 4360 1989 JP Morgan Cazenove Nick Garrett Tel: 020 7588 2828 Buchanan Communications Jeremy Garcia Tel: 020 7466 5000 This information is provided by RNS The company news service from the London Stock Exchange END TSTIIFSDIRLDLIT
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