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ITO Intechnology

24.00
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Intechnology LSE:ITO London Ordinary Share GB0001388932 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 24.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

AGM Statement

06/08/2003 1:10pm

UK Regulatory


RNS Number:3901O
InTechnology PLC
06 August 2003

6 August 2003



                                InTechnology plc

                                 AGM Statement



At this morning's 11am Annual General Meeting, Peter Wilkinson, Executive
Chairman of InTechnology, gave the following update on current trading:



"Our Storage Solutions and Services business is trading in line with
management's expectations for the full year, despite the continuation of tough
conditions over the last year.  Our Managed Data Services division continues to
grow at an encouraging rate and has recently secured a number of high profile
clients in the public as well as private sector.  This division has now reached
a level of approximately #45m of cumulative contracts won.  As announced last
week, the acquisition of Allasso has now completed and Allasso is also trading
broadly in line with our expectations."



At a Board Meeting following the AGM, the Board approved the formal appointment
of Philippe Marie Jacques Dambrine to the Board as Director, Allasso Division.
In terms of directorships held in the last five years, Philippe, aged 51, was
previously President of Allasso from February 2002, when he became a director of
Articon-Integralis, and brings over 20 years of IT sector experience to the
Group.  From 1997 through 2000 Philippe was CEO and President of Racer Finance,
overseeing the management buy-out, re-organisation and development of its
security distribution business (trading as Newlink) and Cirel.  He was
responsible for the acquisition of Safedata and the sale of Newlink to
Articon-Integralis in July 2000. He was also Chairman of Cirel (until acquired
by Bintec in 1999) and Safedata (until acquired by Activcard in 2001).  On 31
July 2003, Philippe stood down as a director of Articon-Integralis.



Save as disclosed, there are no disclosures under paragraph (f) (ii) - (viii) of
Schedule 2 of the AIM Rules for Companies.

                                     -ends-


For further information:

InTechnology plc                                       020 7786 3400
Charles Cameron

Financial Dynamics                                     020 7831 3113
James Melville-Ross
Juliet Clarke




                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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