Oxford Metrics PLC Annual General Meeting Statement (6811F)

TIDMOMG

RNS Number : 6811F

Oxford Metrics PLC

22 February 2018

22 February 2018

Oxford Metrics plc

("Oxford Metrics" or the "Group")

Annual General Meeting Statement

Oxford Metrics plc (LSE: OMG), the international software company servicing government, life sciences, entertainment and engineering markets, will hold its Annual General Meeting ("AGM") at 2.30pm today.

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

"The Board is pleased to announce that Oxford Metrics has made a positive start to the new financial year and, based on current trading performance, the Group is trading slightly ahead of market expectations at this stage for the full year ending September 2018. The Group continues to make progress against its stated five-year strategic plan announced in December 2016, to double profits and triple recurring revenue over that five-year timeframe.

In line with previous years, the Group continues to be second half weighted in terms of revenue and remains encouraged by the strong pipelines building across the business. Consequently, the Board remains confident of the Group's prospects for the year.

The Group also announces today the retirement from the Board of Group founder and Non-executive Director, Dr Julian Morris. Julian has grown the business from budding start-up to world-class software company serving thousands of customers in 70 countries. His insight and leadership over that time have been invaluable. We thank him for his deep contribution to the business and wish him well in his retirement."

The Company will provide further information on trading at the time of its interim results for the six months ended 31 March 2018.

For further information please contact:

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

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

END

AGMTTMJTMBMTBRP

(END) Dow Jones Newswires

February 22, 2018 09:30 ET (14:30 GMT)