OMG PLC Annual General Meeting Statement (7083X)

TIDMOMG

RNS Number : 7083X

OMG PLC

23 February 2017

23 February 2017

OMG plc

("OMG", "Oxford Metrics", or the "Group")

Annual General Meeting Statement

Oxford Metrics (OMG plc LSE: OMG), the international software company servicing government, life sciences, entertainment and engineering markets, will hold its Annual General Meeting ("AGM") at 2pm today.

At the AGM, Roger Parry, Chairman of Oxford Metrics, will make the following statement:

"The Board is pleased to announce Oxford Metrics has made a positive start to the new financial year, with the Group trading slightly ahead of management expectations at this stage.

This year we are focused on executing our five-year strategic plan announced in December 2016 which aims to improve the predictability and profitability of our revenue streams. The first significant step of this plan, the launch of Yotta's new connected asset management platform, Alloy, has been well received by customers and will be available on a Software as a Service (SaaS) basis.

We remain encouraged by our strong pipelines, and in line with previous years, the Group continues to be second half weighted in terms of revenue. Consequently, the Board is confident of the Group's prospects for the year."

The Company will provide further information on trading when it announces its interim results for the six months ended 31 March 2017.

For further information please contact:

 
Oxford Metrics               [phone] 
Nick Bolton, CEO 
David Deacon, CFO 
 
FTI Consulting               [phone] 
Matt Dixon / Emma Appleton 
 / Harry Staight 
 
N+1 Singer (NOMAD to OMG)    [phone] 
Shaun Dobson / James White 
 

About Oxford Metrics

Oxford Metrics develops and markets analytics software for motion measurement and infrastructure asset management to clients in over 70 countries worldwide. Our list of clients across the globe is as diverse as the markets we operate in; we help highways authorities manage and maintain their road networks, hospitals and clinicians decide therapeutic strategies and Hollywood studios create stunning visual effects. And the diversity of applications is growing all the time.

The Group trades through two subsidiaries: Vicon and Yotta. Vicon is the world's leader in high precision motion measurement analysis to thousands of customers worldwide, including Guy's Hospital, EA Sports, MIT and NASA and our software is used in an ever expanding range of applications. Yotta provides cloud-based infrastructure asset management software to central and local government agencies and other infrastructure owners. Yotta has a large number of high profile clients including Highways England and Amey in the UK and VicRoads in Australia amongst others.

Founded in 1984 our Group is headquartered in Oxford with offices in Leamington Spa, Gloucester, California, Colorado and Singapore. Since 2001, Oxford Metrics (LSE: OMG), has been a quoted company listed on AIM, a market operated by the London Stock Exchange.

For more information about Oxford Metrics, visit www.oxfordmetrics.com

This information is provided by RNS

The company news service from the London Stock Exchange

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February 23, 2017 09:00 ET (14:00 GMT)