Skillcast Group PLC AGM Statement (6947P)

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RNS Number : 6947P

Skillcast Group PLC

22 June 2022

22 June 2022

Skillcast Group plc

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

AGM statement

Skillcast Group plc, the provider of content and technology for digital compliance transformation, announces that at the Company's Annual General Meeting ("AGM"), being held today at 1pm at the Company's registered office at 80 Leadenhall Street, London, EC3A 3DH, Richard Amos, Chairman, will provide the following update:

"We are pleased to report continuing growth in our revenues and client base and continue to trade in line with expectations. Both subscription revenues from our SaaS* products, which make up the majority of revenues, and ARR** continue to grow on the prior year.

"Skillcast operates in the non-discretionary end of the corporate compliance and e-learning market and we remain confident that we are well placed to weather any future macro-economic challenges as we continue to help companies build ethical, inclusive and resilient workplaces. We look forward to providing a trading update on our half year performance in July 2022."

The notice of AGM contains a resolution to approve the proposed final dividend of 0.279p per share, details of which were announced in the Company's final results announcement on 10 May 2022. The ex-dividend date for this payment is 30 June 2022, the record date is 1 July 2022 and the expected payment date is on or around 21 July 2022.

The Group will release a trading update for the six months ending 30 June 2022 in mid-July.

* Software as a Service

** ARR (Annualised Recurring Revenue) is calculated by annualising revenue recognised in a given month from all client subscriptions on annual contracts.

For further information, please contact:

 
 Skillcast Group plc 
  Richard Amos, Chairman 
  Vivek Dodd, CEO                                 [phone] 
  Richard Steele, CFO                              5000 
 Allenby Capital Limited (Nominated Adviser 
  and Broker) 
  James Reeve / Piers Shimwell (Corporate 
  Finance)                                        [phone] 
  Jos Pinnington (Corporate Broking and Sales)     5656 
 

About Skillcast Group plc

Skillcast helps companies build ethical, inclusive, and resilient workplaces. It provides content and technology to digitise and streamline compliance processes and manage them from a single compliance portal. Its product range includes a Learning management system with comprehensive off-the-shelf compliance course libraries, a Policy hub, Staff declarations, Anonymous surveys, CPD tracking, and compliance registers for gifts, expenses, PA dealing, whistleblowing.

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June 22, 2022 02:00 ET (06:00 GMT)