Investors
Regulatory Announcements
Interim Results 2007
Gresham, the specialist provider of real-time financial solutions and storage solutions, today announces its un-audited interim results for the six months ended 30 June 2007.
Highlights
Significant milestone reached with Clareti Payables Financing
Agreed contracts with a major Asia Pacific telecommunications company and launched solution in Australia
First ‘FTSE sized’ customer is now live
Momentum in Clareti Cash Reporting Service continues to build
Value of transactions grew over 90% to in excess of US $500 billion per day on average
Growing list of providers
Proposed placing of 2.5m shares at 110p per share announced along side the interim results raising £2.75m before expenses.
Andrew Walton-Green, Gresham Chief Executive Officer, commented:
“This has been an important six months for our business. We have become a trusted party of some of the biggest global banks, handling hundreds of billions of dollars of transactions a day through our core systems. Crucially, we have now extended our reach into the trade finance market, initially in Australia, and are already meeting the supply chain financing needs of one of the world’s largest banks and its corporate customers in that region.
I am also pleased to announce a proposed placing of new Gresham shares along side these interim results. As a company, we are committed to building revenues, profitability and reputation in global markets and the proceeds from this placing will assist us in our pursuit of this aim.”
Click here to read the Interim Results in full>>
For further information, please contact:
Gresham Computing plc
Andrew Walton-Green
+44 (0)20 7653 0228
Financial Dynamics
James Melville-Ross
Matt Dixon
+44 (0)207 831 3113