Mondas PLC
18 January 2007
Mondas plc
('Mondas' or the 'Company')
Change of Name
Mondas has been transformed during the past few years both by organic growth and
the acquisitions of Eclipse Learner Systems Limited and Blue Curve Limited,
which have resulted in a number of Board changes and significant restructuring
of the trading operations of the Company. The Company's expanded product range
has enabled Mondas to make significant international sales to growing markets
within the financial services sector.
This growth has seen the Company's turnover increase from £3.97 million for the
year ended 30 April 2004 to approximately £6.3 million (unaudited) for the year
ended 31 December 2006.
The above developments have altered the business considerably and the Board
believes that to recognise these changes and to reposition the Company for the
next phase of its development the name of the Company should be changed.
Accordingly, the Board proposes that the name of the Company be changed to
corero plc.
In order to action the change of name a special resolution must be passed at a
general meeting of the Company and accordingly an Extraordinary General Meeting
will be convened to be held in February 2007, details of which will be posted
shortly.
Jarlath McGee (Chief Executive) commented:
'The Company has made great strides over the last couple of years. We have
extended our business both in terms of what we offer our customers and our
widened geographical reach beyond the UK. We see the name change as a positive
step for the future.'
18 January 2007
ENQUIRIES:
Mondas plc
Jarlath McGee/Ian Selby Tel: 020 7392 1300
John East & Partners Limited
Simon Clements Tel: 020 7628 2200
College Hill
Matthew Smallwood/Jamie Ramsay Tel: 020 7457 2020
This information is provided by RNS
The company news service from the London Stock Exchange