Crossrider plc AGM Statement (4854F)
18 May 2017 - 4:01PM
UK Regulatory
TIDMCROS
RNS Number : 4854F
Crossrider plc
18 May 2017
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) No 596/2014
18 May 2017
Crossrider plc
("Crossrider", the "Group" or the "Company")
AGM Statement
Crossrider (AIM: CROS), will be holding its Annual General
Meeting at 12.00pm today.
At the meeting, Don Elgie, Non-executive Chairman of Crossrider,
will make the following statement:
"I'm pleased to report that Crossrider has made a solid start to
the financial year with trading in-line with management
expectations. Our senior management team have executed a successful
turnaround of the Company, which is now on track to benefit from
our renewed focus on growing Crossrider's digital product
portfolio. We continue to see strong traction across our broadening
software product suite which is underpinned by our longstanding
expertise in digital distribution. Following our recent
acquisitions, our portfolio now includes DriverAgent, a device
driver optimisation technology and in the cyber security space,
CyberGhost, a leading SaaS Virtual Private Network provider.
"We announced the acquisition of CyberGhost at our full year
results in March 2017. The integration of CyberGhost is progressing
to plan with the synergies outlined at the time of acquisition now
being realised and exceeding our expectations. CyberGhost was a
highly strategic bolt-on acquisition for Crossrider as it broadens
our B2C sales footprint, whilst expanding the Company's presence in
the highly lucrative cyber security market - a key growth vertical
for Crossrider.
"We continue to grow the Company organically by leveraging our
digital capabilities to reach our newly expanded consumer base and
in addition, we are constantly evaluating acquisition opportunities
which will both broaden our product reach and accelerate our routes
to market"
Enquiries:
Crossrider plc via Vigo Communications
Ido Erlichman, Chief Executive
Officer
Moran Laufer, Chief Financial Officer
Shore Capital (Nominated Adviser
& Broker) +44 (0)20 3772
Bidhi Bhoma / Toby Gibbs 2496
Vigo Communications (Financial
Public Relations)
Jeremy Garcia / Fiona Henson /
Antonia Pollock +44 (0)20 7830
crossrider@vigocomms.com 9703
About Crossrider
Crossrider distributes and develops digital products in the
online security space. The Company utilises its proprietary digital
distribution technology to optimise its reach and create a superb
user experience. The Company offers products which provide online
security, privacy and optimal online experience. Crossrider's
vision is to provide and develop best-in-class digital products for
its customers and partners globally.
www.crossrider.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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