Business
AGM Statement & Board Changes
AGM Statement & Board Changes.
About this update from Dillistone Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 0128C\n Dillistone Group PLC\n 16 June 2021\n \n \n \n \n \n \n Dillistone Group Plc\n \n \n \n (\"Dillistone\", the \"Company\" or the \"Group\")\n \n \n AGM Statement\n \n \n & Board Changes\n \n \n At the Annual General Meeting ('AGM') of Dillistone Group Plc, the AIM quoted supplier of software and services to the recruitment industry, being held today at 10:30 am, Giles Fearnley, Chairman of Dillistone, will make the following AGM statement:\n \n \"After a challenging period for the Group and its clients, we are pleased to see signs of a \n return towards normality in several of our key markets. While it will take time for our recurring revenues to recover - and they will be down on FY 2020 when we had an extremely strong Q1 before the pandemic began - we do \n expect a significantly reduced loss before tax in 2021. The Group had cash balances of £0.95m at 31 May 2021\n .\n \n \n \"The Board believes that our Talentis product - https\n ://www.talentis.global - will play a key part in our future performance. While the subscription nature of the product means that revenue will not be significant in 2021, we are pleased to see very positive early feedback to the product and growing numbers of paying subscribers.\"\n \n \n Board Changes:\n \n We are also today announcing a number of changes to the composition of our Board.\n Julie Pomeroy, our Group Finance Director, will be retiring from executive leadership later in the year once a successor has been appointed and there has been an appropriate handover. Julie was recently appointed as a NED for another listed company and is considering additional opportunities as she transitions to a portfolio career.\n In addition, Alex James will step down as an executive director from 30 September and will leave the business on or before 31st January 2022. Alex has held a leadership role in our product team for a number of years, and his guidance has ensured that our recent Talentis product launch was released to very positive feedback. With Talentis now generating revenue for the Group, Alex is leaving to explore new opportunities.\n \n Giles Fearnley, Chairman, commented: \"I do pay tribute to both Julie and Alex for their very significant contributions to the Dillistone Group over many years. The Company has benefi...