Netcall PLC AGM Statement (1188U)

TIDMNET

RNS Number : 1188U

Netcall PLC

21 November 2019

21 November 2019

NETCALL PLC

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

AGM Statement

Netcall plc (AIM: NET), a leading provider of Low-code and customer engagement software, will be holding its Annual General Meeting in London at 10:30am today. At the meeting Michael Jackson, Chairman of the Company, will make the following statement:

"The Group has traded ahead of the same four-month period last year and in line with management expectations. We have seen increased order inflows for both Low-code and customer engagement solutions, including new wins in the Insurance, Retail and Public Sector markets.

"The Group's pipeline is healthy and continues to show growth, driven predominately by cloud-based opportunities. The Board is mindful of the current political and economic backdrop and notes that this may have an effect on customer decision making and it continues to monitor the timing of its larger enterprise and product sale contracts.

"Group cash at 31 October 2019 was GBP6.6m, after the final payment of GBP1.7m to the former shareholders of MatsSoft Limited acquired in 2017, (30 June 2019: GBP7.8m) offsetting debt of GBP6.6m (30 June 2019: GBP6.6m).

"Our high levels of recurring revenue provide a good forward visibility, which combined with our solid balance sheet and product strength give the Board confidence in the ongoing success of Netcall."

For further enquiries, please contact:

 
 Netcall plc                                      Tel. +44 (0) 330 
                                                      333 6100 
 Henrik Bang, CEO 
  Michael Jackson, Chairman 
  James Ormondroyd, Group Finance Director 
 
 finnCap Limited (Nominated Adviser and Broker)    Tel. +44 (0) 20 
                                                         7220 0500 
 Stuart Andrews / James Thompson, Corporate 
  Finance 
 Tim Redfern, Corporate Broking 
 
 Alma PR                                           Tel. +44 (0) 20 
                                                         3405 0205 
 Caroline Forde / Hilary Buchanan / Helena 
  Bogle 
 

About Netcall plc

Netcall is a UK company quoted on the AIM market of the London Stock Exchange. Netcall helps organisations transform their customer engagement activities and enable digital transformation faster and more efficiently, thereby improving customer experiences and operational efficiencies. Netcall's software product portfolio comprises Liberty, a customer engagement platform, incorporating omnichannel contact centre and workforce optimisation, and MATS, a market leading Low-code platform.

Netcall's customers span enterprise, healthcare and government sectors. These include two-thirds of the NHS Acute Health Trusts, major telecoms operators such as BT, and leading organisations including Lloyds Banking Group, ITV and Nationwide Building Society.

For further information, please go to www.netcall.com.

Prior to publication the information communicated in this announcement was deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No 596/2014 ('MAR'). With the publication of this announcement, this information is now considered to be in the public domain.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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November 21, 2019 02:00 ET (07:00 GMT)