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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:6955I Vebnet Holdings PLC 28 November 2007 Wednesday 28 November 2007 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, reported continuing strong growth in its core business. "Since 1 July 2007, the commencement of the current financial year, FIX&FLEX(R), the Group's software application, has been implemented by 20 new clients covering over 42,000 employees. These new clients include Ernst & Young, Liverpool Victoria and First Group's Scotrail and TransPennine Express train operating companies. A further 17 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 2007, was 277,345 - a 13% increase since the year-end. On 24 September 2007 Mercer entered into a ten-year licence agreement to use Vebnet's FIX&FLEX(R) technology as the core application of its UK based flexible benefits services. Mercer is one of the top four global employee benefit consultants operating in over 40 countries. This significant, milestone agreement covers the migration of Mercer's existing UK client base to FIX&FLEX (R) as well as giving Mercer the option to extend the execution of the agreement into other European markets. For the current financial year Vebnet will adopt international accounting standards - IFRS, and report on this basis for the first time with its Interim Report in February 2008. Notes for Editors: Vebnet, which was founded in July 2000 and is based in Edinburgh and London, 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 2007, Vebnet reported an increased turnover to #5.245m and a pre-tax profit of #329k. 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 This information is provided by RNS The company news service from the London Stock Exchange END AGMOKFKNQBDDFDB
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