Exercise of Share Options

8 September 2016

Issue of new shares / Exercise of Share Options 

The Board of Stilo International plc (“Stilo” or the “Company”) (LSE:STL), the AIM quoted software and cloud services company, announces that it has today issued 660,000 new ordinary shares of 1p each in the company (”Ordinary Shares”) following notification of the exercise of share options by an employee. The average exercise price of the new shares is 2.03 pence per share, generating cash proceeds to the Company of £13,400. 

Application has been made for the 660,000 Ordinary Shares to be admitted to trading on AIM and it is expected that admission will take place on 14th September 2016. 

The Ordinary Shares will rank pari passu with the existing shares of the Company.  Following allotment of the Ordinary Shares, the total issued share capital of the Company will be 113,768,470 ordinary shares. 

For the purposes of the Financial Conduct Authority’s Disclosure and Transparency Rules (“DTRs”), the issued ordinary share capital of Stilo following this allotment will consist of 113,768,470 ordinary shares with voting rights attached (one vote per share). There are no shares held in treasury.  This total voting rights figure may be used by shareholders as the denominator for the calculation by which they will determine whether they are required to notify their interest in, or a change to their interest in, Stilo under the DTRs.

ENQUIRIES

Stilo International plc
Les Burnham, Chief Executive
T +44 1793 441 444

SPARK Advisory Partners Limited (Nominated Adviser)
Neil Baldwin T +44 203 368 3554
Mark Brady  T +44 203 368 3551

SI Capital (Broker)
Andy Thacker
Nick Emerson
T +44 1483 413500


Unaudited interim results for six months ended 30 June 2016

1 September 2016

STILO INTERNATIONAL PLC

Stilo International plc (“Stilo” or the “Company”), the AIM quoted provider of XML cloud content conversion, content processing and authoring tools, today announces its unaudited Interim Results for the six months period ended 30 June 2016.

FINANCIAL PERFORMANCE

  • Sales revenues for six months to 30 June 2016 increase by 11% to £874,000
    (2015: £784,000)
  • Increase in EBITDA* by 11% to £184,000
    (2015: £166,000)
  • Operating costs, net of capitalised development costs, £691,000
    (2015: £617,000)
  • Cash position increased by 30% to £1,393,000 as at 30 June 2016
    (2015: £1,072,000)
  • Payment of an increased interim dividend of 0.04 pence per share
    (2015: 0.03 pence per share)

* EBITDA comprises profit before taxation, interest, depreciation and the amortisation of software development costs.

BUSINESS HIGHLIGHTS 

  • Increase in OmniMark revenues offset by reduction in Migrate sales
  • Migrate customers for the period include Dell, Locamation, Informatica, Teradata, Qualcomm and Silicon Labs
  • Significant OmniMark software orders received from Toshiba Solutions (Japan) and the European Parliament
  • Recurring OmniMark maintenance revenues increase by 7%
  • Successful initial deployment of AuthorBridge by central Information Developer Tools team at IBM

 

David Ashman, Chairman, commenting on the Company’s performance, stated:

Our trading results for the first half of 2016 showed an overall improvement over the previous year, as an increase in OmniMark sales was offset by a reduction in Migrate revenues.

It was very pleasing to see the successful initial deployment of AuthorBridge in a production environment at IBM during June 2016. It represents a significant milestone for Stilo and serves as a very influential reference account for future sales into the XML DITA authoring tools market.

The Company remains un-geared, and with a continued improvement in our cash position, growth in both revenue and profits, and continued advances in the development of our technology, I am pleased to announce the declaration of an increased interim dividend of 0.04 pence per share.

Download a PDF of the 2016 Interim Results, including the Group Income Statement


BUSINESS REVIEW 

Large organisations need to process ever increasing amounts of digital content and publish information to multiple media channels including print, web, CD-ROM, smartphones, ebook readers and mobile devices.

These organisations often need to author and publish content in multiple languages, and re-use that content in many different ways, across different publications and document types. Innovative web applications dynamically assemble and deliver content to users that is tailored to their individual purchasing requirements, reading preferences or personal interests.

The content management systems that support such digital publishing applications typically necessitate that content is stored and processed in a ‘neutral’ XML (Extensible Markup Language) format prior to publication.

The business opportunity for XML content conversion technology and services is global and growing, and it is Stilo’s strategic objective to be a leading supplier to this market sector. Our tools are used by commercial publishers, technology companies and government agencies, and include organisations involved in the production and maintenance of technical documentation.

Products and Customers

Stilo’s core technology is OmniMark, a leading content processing platform used by customers over many years to develop high-performance, content processing solutions that support large scale publishing applications. Users include Boeing, Pratt and Whitney, EADS, Thomson Publishing, and Wolters Kluwer. Sales for the period included orders from the European Parliament and Toshiba Solutions (Japan).

Over recent years, the Company has made a significant investment in the development of Migrate, the world’s first cloud XML content conversion service, based upon OmniMark technology. Through advanced levels of automation, it enables our customers to improve turnaround times, reduce operating costs and take direct control of their conversion processes, providing them with an attractive alternative to traditional in-house or outsourced conversion services.

Migrate customers include IBM, Qualcomm, Cisco Systems, Oracle and Micron Technology. New customers in 2016 include Dell, Locamation, Informatica, Harmonic and Silicon Labs. In order to diversify beyond the XML DITA market, we have recently undertaken research into the XML JATS (Journal Article Tag Suite) market for scientific and scholarly publishers. Initial indications are that this could represent a promising new business opportunity for Stilo, and we will seek to address this through the incremental development of Migrate.

Development of AuthorBridge, our new web-based XML DITA authoring tool, is progressing well, albeit with some slippage against original schedules. Its initial deployment in production at IBM, following extensive co-operation and testing by the central Information Developer Tools team, serves as a good foundation upon which we can build. The ongoing development of AuthorBridge continues unabated, as we add functionality that is necessary to advance sales more generally in 2017.

OPERATIONS

At 30 June 2016, Stilo employed 17 permanent staff, based in the UK and in Canada. We plan to make further investments in the recruitment of additional personnel and contractors to assist with AuthorBridge developments, but otherwise we do not anticipate expanding the headcount significantly in the near future.

FINANCIAL PERFORMANCE

EBITDA for the first six months of the year increased to £184,000 (2015: £166,000), and pre-tax profits were £181,000 (2015: £161,000).

Total sales revenue for the period increased by 11% compared to the same period last year to £874,000 (2015: £784,000), with an uplift in OmniMark sales being offset by a reduction in Migrate revenues. Recurring revenues generated from software maintenance contracts increased to £383,000 (2015: £358,000)

The Board continues to maintain careful control over operating costs, although investment in additional development meant that costs rose in the period to £691,000, net of capitalised development expenditure (2015: £617,000). Total development expenditure, including capitalised costs, was £259,000 (2015: £216,000).

Staff costs and other expenditure which were directly attributable to the development of AuthorBridge in the period were £83,000 (2015: £77,000) and these costs have been capitalised and recognised as an intangible asset.

The Company continues to further strengthen its balance sheet, and remains entirely un-geared with a cash balance increased to £1,393,000 as at 30 June 2016 (31 December 2015: £1,318,000, 30 June 2015: £1,072,000).

The results for the period ended 30 June 2016 have been prepared in accordance with the recognition and measurement principles of International Financial Reporting Standards as adopted by the European Union.

DIVIDENDS

During the period, the final dividend for the year ended 31 December 2015 was paid, of 0.05 pence per share.

The Board is pleased to declare the payment of an Interim dividend for the year ended 31 December 2016 to shareholders of 0.04 pence per share (2015: 0.03 pence per share), an increase of 33%, which will be paid on 24 October 2016 to those shareholders on the register as at 23 September 2016 (the Record date). The shares will be marked ex-dividend on 22 September 2016.

The Board’s policy is to maintain the payment of a steady and progressive dividend, well-covered and paid subject to maintaining sufficient funds within the business with regard to prudent forecasts of future capital requirements, without the need for debt funding. 

OUTLOOK

The global market for dynamically publishing digital content to multiple channels continues to grow, which in turn drives the market for XML content conversion and authoring tools.

Trading in 2016 continues in line with management expectations overall, with a reduction in Migrate sales being offset by an increase in OmniMark revenues. We continue to invest in the development of innovative new products that will serve to underpin our future growth.

ENQUIRIES

Stilo International plc
Les Burnham, Chief Executive
T +44 1793 441 444

SPARK Advisory Partners Limited (Nominated Adviser)
Neil Baldwin T +44 203 368 3554
Mark Brady  T +44 203 368 3551

SI Capital (Broker)
Andy Thacker
Nick Emerson
T +44 1483 413500


Notification of transactions by a Director

1 September 2016

Exercise of Share Options

The Board of Stilo International plc (“Stilo” or the “Company”) (LSE:STL), the AIM quoted software and cloud services company, announces that it has today received notification that Richard Alsept, Executive Director and Chief Financial Officer, has exercised 700,000 new ordinary shares of 1p each in the Company (“Ordinary Shares”) at an exercise price of 2.25 pence per share, generating cash proceeds to the Company of £15,750.

Application has been made for the 700,000 Ordinary Shares to be admitted to trading on AIM and it is expected that admission will take place on 7th September 2016.

Following their issue, Richard Alsept will hold a beneficial interest in 700,000 Ordinary Shares representing approximately 0.62% of the issued share capital of the Company.

The Ordinary Shares will rank pari passu with the existing shares of the Company.  Following allotment of the Ordinary Shares, the total issued share capital of the Company will be 113,108,470 ordinary shares.

For the purposes of the Financial Conduct Authority’s Disclosure and Transparency Rules (“DTRs”), the issued ordinary share capital of Stilo following this allotment will consist of 113,108,470 ordinary shares with voting rights attached (one vote per share). There are no shares held in treasury.  This total voting rights figure may be used by shareholders as the denominator for the calculation by which they will determine whether they are required to notify their interest in, or a change to their interest in, Stilo under the DTRs.

ENQUIRIES

Stilo International plc
Les Burnham, Chief Executive
T +44 1793 441 444

SPARK Advisory Partners Limited (Nominated Adviser)
Neil Baldwin T +44 203 368 3554
Mark Brady  T +44 203 368 3551

SI Capital (Broker)
Andy Thacker
Nick Emerson
T +44 1483 413500


Appointment of Company Secretary

1 August 2016

STILO INTERNATIONAL PLC

Further to the announcement of 28 July 2016, Liam O’Donoghue, Director, One Advisory Ltd will be appointed as Stilo’s Company Secretary with effect from 12 September 2016.

ENQUIRIES

Stilo International plc
Les Burnham, Chief Executive
T +44 1793 441 444

SPARK Advisory Partners Limited (Nominated Adviser)
Neil Baldwin T +44 203 368 3554
Mark Brady  T +44 203 368 3551

SI Capital (Broker)
Andy Thacker
Nick Emerson
T +44 1483 413500


Directorate Change

28 July 2016

STILO INTERNATIONAL PLC

By mutual agreement, Richard Alsept will resign from his position as Director, CFO and Company Secretary of Stilo International plc (“Stilo” or “the Company”) as of 12 September 2016, subsequent to the anticipated announcement on 1 September 2016 of its interim results for the 6 months ended 30 June 2016. The management of the Company’s finance and accounting activities will in future be managed primarily out of Stilo’s Canadian office, located in Ottawa, from which the majority of the operations emanate and staff are located. The Board anticipates that a UK-based Company Secretary will be appointed in the coming days, and will be the subject of a separate announcement

The Board would like to thank Richard for his contribution, over many years, to the ongoing success of Stilo.

ENQUIRIES

Stilo International plc
Les Burnham, Chief Executive
T +44 1793 441 444

SPARK Advisory Partners Limited (Nominated Adviser)
Neil Baldwin T +44 203 368 3554
Mark Brady  T +44 203 368 3551

SI Capital (Broker)
Andy Thacker
Nick Emerson
T +44 1483 413500


A Tale of Two Formats; Creating content with Word and DITA XML simultaneously

Presented by Catherine Long & Rich Perry | Varian Medical Systems

You decide to move to publishing with DITA XML. It all appears wonderful. You purchase a CMS, select an editor, create your information model, and share the plan with your authors. This is great! You begin to analyze documents, get a style sheet designed, prepare and schedule author training, but then problems and issues of resistance start adding up. There are so many different document types (60) and so many global authors (100) who are not tech writers. You begin to realize that unless the company can stop needing to provide service and installation for 3 to 6 months, you are not going to be able to flip the switch and move to DITA all at once.

What can you do?
Make the move at your own pace, and publish documents with Word and DITA simultaneously. Doing so provides many benefits, such as bringing the different document types into the project a few at a time and training authors with their own content already in the system.

Catherine Long and Rich Perry show you how this dual publishing helps you move through the process of moving to DITA so that the experience is easier, and perhaps cheaper, for everyone involved.

View recording (registration required)

 

Meet the presenters

Catherine Long
Catherine Long has been with Varian Medical Systems for five years. She was brought in to assist the service documentation department with authoring standards and the publishing process, as well as to lead the move to DITA XML. Her challenge is to design a system architecture and provide training for 100 SMEs who write documents as one part of their busy schedules. Her relaxation is to immerse herself in the worlds of Shakespeare, Wodehouse, Wilde, and others.

Rich Perry
Rich Perry manages a publication team responsible for processing technical servicing content at Varian Medical Systems. Over the course of his career work life, he has held various technical positions supporting military and medical devices. These experiences as an end-user of servicing procedures lit a fire in him that led to his avocation as a technical trainer, curriculum developer, and product support specialist. Rich’s team is in the process of transitioning from an unstructured Word authoring environment to DITA. While he and his team have not fully implemented DITA, Rich is ready to share his experiences as the struggle continues!


Stilo extends Migrate functionality with new Author-it to DITA conversion capability

Stilo has extended the range of conversion options for its cloud XML content conversion service, Migrate, adding support for documents authored in Author-it.

Migrate DITA can be used to convert content from various source formats, including:

  • Author-it
  • Custom SGML/XML
  • DocBook
  • FrameMaker
  • InDesign
  • RoboHelp
  • MS Word

With Migrate, documentation teams can directly manage the conversion of their content to DITA, on-demand, 24/7. Using the Migrate Rules Editor, authors can control the topic types, the DITA map, metadata, chunking, related links, and much more by creating or modifying the conversion rules, incrementally improving the quality of the automated conversion.

Migrate places subject matter experts in complete control of the conversion process. Documentation teams can operate at their own pace, work collaboratively, fix problems themselves, and avoid the churn and delays otherwise involved when liaising with outside vendors.

Migrate can be used to convert a single document, with Stilo operating the service, or by global documentation teams that need to convert tens of thousands of pages of legacy content, on-demand, according to their own project deadlines.

We have helped our customers convert more than a million pages of legacy content to DITA XML. Customers include Altera, Cisco, Dell, EMC, Extreme Networks, Qualcomm, Teradata, Varian Medical Systems, Webtrends and many more.

Find out more

-ends- 

 

About Stilo International

Stilo International (LSE:STL) are the developers of Migrate, the leading cloud XML content conversion service, OmniMark, the high-performance XML/SGML content processing platform and AuthorBridge, a Guided + Fluid DITA authoring solution for SMEs and occasional contributors.

Operating from offices in the UK and Canada, we support commercial publishers, technology companies and government agencies around the world.

www.stilo.com

For further information, please contact

Helen Owens-Pope, Marketing Manager
Stilo International plc
email


Director / PDMR Shareholding

21 June 2016

Stilo International plc (“Stilo” or the “Company”) has been notified that David Ashman, the Company’s Chairman and Non Executive Director, on 20 June 2016 acquired 300,000 ordinary shares of 1p each in Stilo at an average price of 5.75 pence per share.

Following this purchase, David Ashman has a beneficial interest in 20,702,000 ordinary shares, representing approximately 18.42 percent. of the issued share capital of the Company.

ENQUIRIES

Stilo International plc
Les Burnham, Chief Executive
T +44 1793 441 444

SPARK Advisory Partners Limited (Nominated Adviser)
Neil Baldwin T +44 203 368 3554
Mark Brady  T +44 203 368 3551

SI Capital (Broker)
Andy Thacker
Nick Emerson
T +44 1483 413500


Director / PDMR Shareholding

21 June 2016

Stilo International plc (“Stilo” or the “Company”) has been notified that David Ashman, the Company’s Chairman and Non Executive Director, has today acquired 200,000 ordinary shares of 1p each in Stilo at an average price of 5.85 pence per share.

Following this purchase, David Ashman has a beneficial interest in 20,902,000 ordinary shares, representing approximately 18.59 percent. of the issued share capital of the Company.

ENQUIRIES

Stilo International plc
Les Burnham, Chief Executive
T +44 1793 441 444

SPARK Advisory Partners Limited (Nominated Adviser)
Neil Baldwin T +44 203 368 3554
Mark Brady  T +44 203 368 3551

SI Capital (Broker)
Andy Thacker
Nick Emerson
T +44 1483 413500


Director / PDMR Shareholding

20 June 2016

Stilo International plc (“Stilo” or the “Company”) has been notified that David Ashman, the Company’s Chairman and Non Executive Director, on Friday 17 June acquired 200,000 ordinary shares of 1p each in Stilo at an average price of 5.625 pence per share.

Following this purchase, David Ashman has a beneficial interest in 20,402,000 ordinary shares, representing approximately 18.15 percent. of the issued share capital of the Company.

ENQUIRIES

Stilo International plc
Les Burnham, Chief Executive
T +44 1793 441 444

SPARK Advisory Partners Limited (Nominated Adviser)
Neil Baldwin T +44 203 368 3554
Mark Brady  T +44 203 368 3551

SI Capital (Broker)
Andy Thacker
Nick Emerson
T +44 1483 413500