Business
Admission to AIM
Admission to AIM.
About this update from Dotdigital Group Plc
[{"type":"text","content":"\n \n dotDigital Group Plc \n\n First Day of Dealings on AIM \n\n Leading Digital Technology Company with Ambitious Growth Plans \n\nFounded in 1999, dotDigital Group Plc (\"dotDigital or the Group\") has grown to\nbecome a leader in the provision of intuitive Software as a Service (`SaaS')\nproducts for digital marketing professionals. These products include the\nGroup's email marketing platform, dotMailer and e-commerce offering,\ndotCommerce. As part of its broader offering to help clients to grow their\nbusinesses online, dotDigital also provides search marketing services, digital\nstrategy advice and managed services.\n\nDealings in dotDigital's shares will start trading on AIM at the start of\nbusiness today and the market capitalisation as at Admission is £21 million\nbased on the middle market price of 7.875p per share as quoted on PLUS at the\nclose of business on Monday 28th March.\n\nKey business facts:\n\n * 135 staff employed in six offices throughout the UK and a support team in\n Minsk\n \n * Over 3,500 clients\n \n * Very broad earnings across the client base with high levels of recurring\n revenues\n \n * Strong financial base:\n \n * \n + Year to June 2010 - £1.14m profit after tax on £6m turnover\n \n + Interim results announced 15th March 2011 show turnover and profits up\n by 48%\n \n + Cash: circa £2m and minimal debt as at the December half year end\n \nThe Directors remain committed to the delivery of products with recurring\nrevenues and scalability. Accordingly, investment in product development and\nmarketing is expected to accelerate in the year ahead. In addition, the\nDirectors have commenced plans to expand into new market areas including\noverseas markets.\n\nPeter Simmonds, Chief Executive, dotDigital, commented:\n\n\"A move to AIM is another key milestone for us and is part of a strategy to\ndevelop even greater awareness of our business plans with investors and our\nproduct plans with clients and new business prospects.\"\n\n29 March 2011\n\nEnquiries\n\ndotDigital Group Plc 020 7654 8686 \n \nPeter Simmonds, Chief Executive \n \nBroker 0161 831 1512 \n \nZeus Capital \n \nRoss Andrews/Nick Cowles \n \nFinancial PR 020 7245 0909 \n \nHansard Communications \n \nGuy McDougall/Nicholas Nelson \n\n\n \n ","length":3568,"tagName":"div"}]