Amino Technologies PLC Trading Update and Notice of Results (5983J)

TIDMAMO

RNS Number : 5983J

Amino Technologies PLC

06 December 2018

6 December 2018

AMINO TECHNOLOGIES PLC

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

Trading Update and Notice of Results

Amino Technologies plc (LSE: AMO), the global provider of media and entertainment technology solutions to network operators, provides the following trading update for the year ended 30 November 2018 ("FY2018").

The Group expects to report trading performance in line with consensus market expectations.

The Group continues to deliver excellent cash generation. Its cash position at 30 November 2018 was $20.3m (30 November 2017: $17.4m).

The Company will announce its full year results on 5 February 2019.

Keith Todd CBE, Non-Executive Chairman, said:

"The Group continues to generate excellent operating cash flows and its trading performance is expected to be in line with consensus market expectations. The Board remains committed to increasing the dividend by no less than 10% for the full year and to maintain the FY2018 dividend level in absolute terms for a further two years at least."

This announcement is released by Amino Technologies plc and contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 (MAR), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is being made on behalf of the Company by Mark Carlisle, Chief Financial Officer.

For further information please contact:

 
Amino Technologies PLC                                       [phone] 
Donald McGarva, Chief Executive Officer 
 Mark Carlisle, Chief Financial Officer 
 
finnCap Ltd (NOMAD and Joint Broker)                         [phone] 
Matt Goode / Carl Holmes / Simon Hicks (Corporate Finance) 
 Tim Redfern / Richard Chambers (Equity Capital Markets) 
 
Liberum Capital Limited (Joint Broker)                       [phone] 
Cameron Duncan / Bidhi Bhoma 
 
FTI Consulting LLP (Financial PR)                            [phone] 
Jamie Ricketts / Alex Le May / Chris Birt 
 

About Amino Technologies plc

Amino is a global leader in media and entertainment technology solutions and an IPTV pioneer, working with over 250 operators in 100-plus countries. Drawing on more than 20 years' experience delivering IP/cloud innovation, Amino enables operators to meet the challenges they face as broadcast TV and online video moves to an all-IP future with managed over-the-top (OTT) offerings. We are expert in software, hardware and cloud implementation - able to deploy our own leading-edge technologies and integrate these with third-party and 'upcycled' legacy systems. At the forefront of the evolution of TV Everywhere, Amino helps operators to provide the features and functionality modern consumers are looking for in a multiscreen, multi-device entertainment world.

Having deployed over 10 million customer premise devices and the software necessary to link the back end to the user interface, we understand the issues operators face. We partner with operators to deliver end-to-end, operator-ready solutions that enable next-generation customer experiences. We 'upcycle' existing infrastructure to support more advanced services and integrate seamlessly with new technologies to form a unified ecosystem. The result is a fresh consumer offering based on a consistent user experience across all screens, building brand reputation, stemming churn, growing subscribers and increasing average revenue per user (ARPU).

Amino Communications is a wholly-owned subsidiary of Amino Technologies PLC and listed on the London Stock Exchange Alternative Investment Market (AIM: symbol AMO), with headquarters in Cambridge, United Kingdom, and global offices in California, Finland, Hong Kong and Portugal. For more details, visit www.aminocom.com

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December 06, 2018 02:00 ET (07:00 GMT)