Dillistone Group PLC AGM Statement (8797O)

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RNS Number : 8797O

Dillistone Group PLC

15 June 2022

Dillistone Group Plc

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

AGM Statement

At the Annual General Meeting ('AGM') of Dillistone Group Plc, the AIM quoted supplier of software and services to the recruitment industry, being held today at 10:30 am, Giles Fearnley, Chairman of Dillistone, will make the following AGM statement:

"We are pleased to report that the improved trading performance noted in the late months of 2021 has continued into 2022. Across both our contingency and executive search products, we see reasons for optimism with all our products performing broadly in line with - or better than - we would have anticipated at this point in the year.

"We are also pleased to confirm that Talentis has continued to grow rapidly, with recurring revenue in Q1 2022 being double that delivered in Q4 of 2021. The current quarter is likely to see a further doubling in which case it will become the fourth successive quarter in which realised recurring revenue has doubled on the previous period. This grow rate is expected to slow over the traditionally quiet summer, but we are confident that the product will deliver further strong growth in the final months of the year.

"The business is trading in line with market expectations for the full year."

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

Contacts:

 
 Dillistone Group Plc                                             Via Walbrook PR 
 Jason Starr               Chief Executive Officer 
 Joanne Curd               Chief Financial Officer 
 
 WH Ireland Limited (Nominated adviser) 
                           Managing Director, 
 Chris Fielding             Corporate Finance                       020 7220 1650 
 
 
 Walbrook PR                                                        020 7933 8780 
 Tom Cooper / Nick Rome                                 [e-mail] 
 

Notes to Editors:

Dillistone Group Plc is a global leader in the supply of technology solutions and test & train services to the recruitment sector worldwide, in both contingency recruitment and executive search markets.

The Group trades through the Ikiru People brand ( www.IkiruPeople.com ), selling into recruitment, staffing and executive search businesses, as well as corporate talent acquisition teams around the world.

Ikiru People provides the platforms its clients need to test and train candidates, support further development, enhance the recruitment process, and source the best talent. Operating in more than 50 countries over six continents and working with thousands of users, the Group boasts more than 30 years in the market and 100's of years of collective experience.

The Group develops, markets and supports the Talentis, FileFinder, Infinity, Mid-Office, ISV and GatedTalent products.

Dillistone was admitted to AIM, a market operated by the London Stock Exchange plc, in June 2006.

Learn about our products:

   Talentis Software:                           https://www.talentis.global/recruitment-software 
   Voyager Software:                          https://www.voyagersoftware.com 
   GatedTalent Services:                    https://www.talentis.global/optimization-services 

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June 15, 2022 02:00 ET (06:00 GMT)