21st Century Tech - Trading update and extension of loan note
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 ("MAR").
24th December 2018
("21st Century" or the "Company")
Trading update and extension of loan note
Operational and Trading Update
Continued investment in R&D is delivering a more powerful suite of software solutions along with an enhanced product portfolio showcasing the group's own IP. The Board expects these developments to underpin progress in sales and profitability in the coming years.
Revenue for the Period is expected to be in excess of 10% higher than last year with underlying operating profits expected to be broadly in line with last year.
The Company has agreed to extend the maturity date of
In addition, the Company has secured an additional
The money raised from the New Loan Notes will enable the Company to continue its investment in R&D and provide working capital to ensure that the Company can capitalise on anticipated opportunities.
Related Party Transactions
The independent directors of 21st Century (being
A digital copy of this announcement will be available on the Group's website: www.21stplc.com
21st Century Technology plc
Tel: 0844 871 7990
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Tel: 0207 220 0500
Ariane Comstive / Helen Carpanini
Tel: 07785 922 354/
0207 536 2007
Notes to editors:
'Connecting Systems for Connected Journeys'
21st Century Technology is the specialist provider of integrated systems and software to the transport community, solving complex operational requirements 'on-board' vehicles and the associated 'in-street' information delivery infrastructure. Comprised of a Fleet Systems division and a Passenger Systems division, 21st Century's innovative IoT solutions are 'connecting systems for connected journeys'.
Fleet Systems: include CCTV video surveillance; to improve passenger & driver safety, vehicle & driver performance monitoring, real-time on-board IT subsystems management and automatic passenger counting.
Passenger Systems: include the design & manufacture of all the necessary hardware and software for electronic passenger information systems, off-vehicle smart ticketing and way-finding.
With over 20 years' experience in the transport industry, 21st Century Technology specialises in providing innovative, cost-effective technology lead solutions to improve the passenger experience and provide operational benefits to fleet and network operators.
Further information on the company is available on www.21stplc.com or search for 21st Century Technology on LinkedIn and @21stCenturyLtd on Twitter.
This information is provided by RNS, the news service of the
Quick facts: 21st Century Technology PLC
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