Business
AGM Statement
AGM Statement.
About this update from Sabien Technology Group Plc
[{"type":"text","content":"\n\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310.\nThe directors take responsibility for this announcement.\n \n29 November 2023\nSabien Technology Group plc\n(\"Sabien\" or the \"Company\")\nSabien Technology Group plc (AIM:SNT), the company focused on a green aggregation strategy, will hold its Annual General Meeting today at Peterhouse Capital Limited, 80 Cheapside, London, EC2V 6DZ, commencing at 11.00am.\nAt this meeting, Richard Parris, Executive Chairman, will make the following statement.\n\"The Company's financial year 2023 saw considerable progress in both M2G and b.grn, which progress has continued since the year end. Sabien has built, and is building, a portfolio of businesses whose development is expected to produce a range of outcomes across a range of timescales.\nM2G represents success in the near term while b.grn is expected to contribute materially within the medium to long term. These are not mutually exclusive. Our work within the HVAC market brings important intelligence for the development of our plastic-to-fuel operation. Our development of b.grn has informed our work within the markets facing M2G, not least geographically.\n I am pleased to report that M2G has delivered against challenging expectations. Carbon savings using M2G have almost tripled while Cloud Connect installations are now nearly twice that of a year ago. Since year end, new orders and revenue growth have extended the strongly positive trend during the last financial year. The business has maintained a robust financial position allowing it to further evolve its product offering and geographic footprint. \nb.grn has continued to build its relationship successfully with City Oil Field (\"COF\") and its understanding of the available markets. The Board expects to deliver on key milestones in the year to June 2024.\nThe Board looks forward to another year of operational progress and financial delivery.\" \nFor Further Information:\nSabien Technology Group plc\nRichard Parris, Executive Chairman &n...