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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Vebnet (Hldgs) | LSE:VBT | London | Ordinary Share | GB0032392986 | ORD �1 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 253.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:9814M Vebnet Holdings PLC 30 November 2006 VEBNET (HOLDINGS) PLC - CHAIRMAN'S AGM STATEMENT At the AGM in Edinburgh this morning, of Vebnet, the AIM-traded leading provider of technology for flexible employee benefit schemes, the Chairman, Derek Scott, will report continuing strong growth in new client numbers. "Since 1 July 2006, the commencement of the current financial year, FIX&FLEX(R), the Group's core product, has been implemented by 18 new clients covering 39,736 employees. These new clients include AON, ICI, ING Direct and Royal London. A further 13 new client implementations are already scheduled for the remainder of the current financial year. The total number of employees using FIX&FLEX(R), as at 1 November 2006, was 211,730 - a 23% increase in the four months since the year end. Additionally, the integration of 4th Contact, which Vebnet acquired on 2 October 2006, progresses well. Their employees have relocated to our London office. We are at an early stage of reviewing our platform strategy, with a view to convergence on a single application (for both sets of clients) and will update the market in the new year. The sales pipeline for both self-generated direct clients and indirect business through our several licence partners is healthy and growing and we remain confident of meeting market forecasts for this and the next financial year." Notes for Editors: Vebnet, which was founded in July 2000 and is based in Edinburgh, develops and implements internet-based technology solutions and services to support the communication, delivery and administration of flexible employee benefit schemes. In the year to 30 June 2006, Vebnet reported an increased turnover to #3.91m and a pre-tax profit of #180k. Enquiries: Vebnet Gerry O'Neill (CEO) 0131-270 5502; 07990-584 096; gerryo@vebnet.com Stephen Thurlow (Finance Director) 0131-270 5503; 07899-912 522; stephent@vebnet.com Seymour Pierce (NOMAD and broker) Jonathan Wright 0207-107 8000; jonathanwright@seymourpierce.com Bankside Consultants Charles Ponsonby 020-7367 8851; charles.ponsonby@bankside.com This information is provided by RNS The company news service from the London Stock Exchange END AGMURVRRNRRAOAA
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