Result of AGM 18 May 2017

18 May 2017

Stilo International plc (AIM:STL), the AIM quoted software and cloud services company, announces that all resolutions proposed at its AGM held earlier today were duly passed without amendment.

ENQUIRIES

Stilo International plc
Les Burnham, Chief Executive T +44 1793 441 444
Liam O’Donoghue, Company Secretary T +44 20 7583 8304

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


Chairman’s AGM statement 18 May 2017

18 May 2017

Stilo International plc (“Stilo” or the “Company”) (AIM:STL) is holding its Annual General Meeting later today. The Company provides software tools and cloud services that help organisations create and process content in XML format, so that it can be more easily stored, managed, re-used, translated and published to multiple print and digital channels.

At the meeting Chairman David Ashman will make the following statement:

“Following the launch of AuthorBridge v2.0 in February 2017, we have been receiving very encouraging feedback from trial users. However, there are still some important aspects of development that need to be undertaken over the coming months and this continues to be a high priority activity for the Company.

As a consequence, AuthorBridge is not expected to contribute significantly to sales revenues in 2017. Rather, our goal in 2017 is to implement AuthorBridge at a number of key customer sites and in so doing, provide a solid foundation upon which we can build future business.

Otherwise, the market for Migrate DITA conversion services and OmniMark software remains steady, and overall Company trading is in line with management expectations.

The Company remains un-geared, and cash balances at 30 April 2017 stood at £1,560,000 (31 December 2016: £1,466,000). Current levels of cash will serve to fund additional development, sales and marketing efforts as we look to grow our portfolio of solutions and enter new market sectors. It will also be used to assist with potential acquisitions, whilst providing an appropriate financial reserve for the business. Ongoing, it is the Board’s intention to maintain a progressive dividend policy with scope for special one-off dividends as may be deemed appropriate from time to time.

Subject to approval by shareholders at the meeting, a final dividend for the year ended 31 December 2016 of 0.05 pence per Ordinary Share will be paid on 23 May 2017 to those shareholders on the register at 21 April 2017.”

ENQUIRIES

Stilo International plc
Les Burnham, Chief Executive T +44 1793 441 444
Liam O’Donoghue, Company Secretary T +44 20 7583 8304

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

13 June 2016

Stilo International plc (“Stilo” or the “Company”) has today been notified that Les Burnham, the Company’s CEO and Executive Director, on 10th June 2016 sold 2,600,000 ordinary shares of 1p each in Stilo at a price of 5.25 pence per share.

Following this sale, Les Burnham has a beneficial interest in 5,000,000 ordinary shares, representing approximately 4.45% 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


Posting of Annual Report, Notice of AGM and Proxy Form

25 April 2017

Stilo International plc (the “Company”), the AIM quoted software and cloud services company, announces that its 2017 Annual General Meeting will be held at the offices of RSM UK Audit LLP, 25 Farringdon Street, London EC4A 4AB at 11.30 a.m. on Thursday 18 May 2017 (“AGM”).

In connection with this meeting, the Annual Report of the Company for the year ended 31 December 2016 (“Annual Report”) has been posted to shareholders who have elected to receive hard copies of the Annual Report. The Notice of the AGM, and its associated Proxy Form, are both included within the Annual Report.

The Annual Report of the Company (including the Notice of AGM, and its associated Proxy Form) are also available to view and download from the Company’s website at www.stilo.com

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


Preliminary announcement of results for year ended 31 December 2016

16 March 2017

STILO INTERNATIONAL PLC

Stilo International plc (“Stilo”, the “Group” or the “Company”) today announces its results for the year ended 31 December 2016. The Company develops software tools and cloud services that help organisations create and process structured content in XML format, so that it can be more easily stored, managed, re-used, translated and published to multiple print and digital channels.

FINANCIAL HIGHLIGHTS

  • 16% increase in sales revenues to £1,761,000 (2015: £1,517,000)
  • 22% increase in profits before tax to £318,000 (2015 : £261,000)
  • 15% increase in operating costs, net of capitalised development costs, to £1,437,000 (2015: £1,246,000)
  • 22% increase in annual recurring software maintenance revenues to £871,000 (2015: £713,000)
  • Increased investment in total product development to £538,000(2015: £419,000) of which £204,000 capitalised (2015: £125,000)
  • Improved cash position of £1,466,000 as at 31 December 2016 (2015: £1,318,000)
  • Final dividend proposed of 0.05 pence per Ordinary Share, providing a 12.5% increase in total dividend to 0.09 pence for the year (2015: total 0.08 pence).

BUSINESS HIGHLIGHTS

  • Substantial increase in OmniMark revenues partially offset by reduction in Migrate sales
  • Migrate customers for the period include Dell, Locamation, Teradata, Qualcomm, Silicon Labs, VMWare, Swift and Motorola Solutions
  • Significant OmniMark software orders received from the Japan Patent Office, the European Parliament and Embraer in Brazil
  • Initial adoption of AuthorBridge by the central Information Developer Tools team at IBM and the Nuclear Regulatory Commission, Washington D.C.

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

I am very pleased to report a 16% increase in revenues, a 22% increase in profits before tax and an improved cash position for 2016.

A significant increase in OmniMark sales from customers in Japan and Brazil was partially offset by a reduction in Migrate revenues, in what we considered to be a general softening of demand for conversion services in the XML DITA market.

Following substantial development efforts, it was particularly pleasing to see the initial adoption of AuthorBridge by the central Information Developer Tools team at IBM in the USA, and the Nuclear Regulatory Commission in Washington D.C. This is a very positive beginning for AuthorBridge and augurs well for future sales.

The 2016 results benefitted from the weakening of the UK pound, post the Brexit referendum in June 2016. The majority of our sales are transacted in US dollars, with the balance mainly in euros, while our costs are primarily in Canadian dollars and UK pounds.

Our reported profits include the capitalisation of AuthorBridge development costs, as mandated by IFRS reporting standards and we anticipate depreciating the accumulated capitalised costs over a ten year period starting in 2017, following the general release of AuthorBridge v2.0.

We continue to press ahead with innovative new software developments, and with cash reserves remaining strong, I am pleased to propose the payment of a final dividend of 0.05 pence per share, providing a total dividend for the year of 0.09 pence per share.

Download a PDF of the full 2016 preliminary results announcement


CHAIRMAN’S STATEMENT

I am very pleased to report a 16% increase in revenues, a 22% increase in profits before tax and an improved cash position for 2016.

A significant increase in OmniMark sales from customers in Japan and Brazil was partially offset by a reduction in Migrate revenues, in what we considered to be a general softening of demand for conversion services in the XML DITA market.

Following substantial development efforts, it was particularly pleasing to see the initial adoption of AuthorBridge by the central Information Developer Tools team at IBM in the USA, and the Nuclear Regulatory Commission in Washington D.C. This is a very positive beginning for AuthorBridge and augurs well for future sales.

The 2016 results benefitted from the weakening of the UK pound, post the Brexit referendum in June 2016. The majority of our sales are transacted in US dollars, with the balance mainly in euros, while our costs are primarily in Canadian dollars and UK pounds.

Our reported profits include the capitalisation of AuthorBridge development costs, as mandated by IFRS reporting standards and we anticipate depreciating the accumulated capitalised costs over a ten year period starting in 2017, following the general release of AuthorBridge v2.0.

We continue to press ahead with innovative new software developments, and with cash reserves remaining strong, I am pleased to propose the payment of a final dividend of 0.05 pence per share, providing a total dividend for the year of 0.09 pence per share.

David Ashman
Chairman
16 March 2017

 

BUSINESS OVERVIEW

Stilo develops software tools and cloud services that help organisations create and process structured content in XML format, so that it can be more easily stored, managed, re-used, translated and published to multiple print and digital channels.

Over recent years, many organisations have adopted industry specific XML standards e.g. Publishing (DocBook), Aerospace & Defence (S1000D), Finance (XBRL), Life Sciences (SPL), Software and High Tech (DITA). Stilo made the decision some years ago to focus new product development and marketing efforts on the emerging DITA standard. This standard originated within IBM to support the publishing of its technical documentation and has been increasingly adopted by other software and high-tech companies. DITA is now beginning to make inroads into additional market sectors including Manufacturing, Life Sciences and Publishing.

In order to diversify beyond the 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 AuthorBridge and Migrate.

We continue to build upon our strong reputation for excellent products and supporting technical expertise, resulting from many years of experience in the structured content marketplace. With offices in the UK and Canada, we support clients throughout North America, Europe and Japan.

PRODUCTS AND CUSTOMERS

OmniMark

Stilo’s core technology is OmniMark, a long-established development platform used to build high-performance content processing applications integral to enterprise publishing solutions.

Users include Boeing, Pratt and Whitney, EADS, Thomson Publishing, and Wolters Kluwer. Sales for the period included orders from the European Parliament, Japan Patent Office and Embraer in Brazil.

Migrate

Migrate is the world’s first cloud XML content conversion service, and utilises OmniMark technology. Through advanced levels of automation, it enables organisations to improve turnaround times, reduce operating costs and take direct control of their work schedules, providing an attractive alternative to traditional outsourced conversion services.

Migrate users include IBM, Cisco, EMC and Oracle. Sales for the period included orders from Dell, Locamation, Teradata, Qualcomm, Silicon Labs, VMWare, Swift and Motorola Solutions. Using Migrate, we have helped our customers convert over one million pages of content to the DITA format.

AuthorBridge

AuthorBridge is a web-based XML authoring tool, designed for occasional content contributors who have no knowledge of XML or its complexities. It is currently targeted at large enterprises, which are looking to extend the use of DITA across different business units and potentially support thousands of users.

Development of AuthorBridge is progressing well, albeit with some slippage against original schedules. Its initial adoption by the central Information Developer Tools team at IBM in the USA and the Nuclear Regulatory Commission in Washington D.C. provides a good foundation upon which we can build future sales.

The ongoing development of AuthorBridge continues at a pace, as we add functionality that is necessary to advance sales more generally in the DITA market.

Planned developments in 2017 also include support for the XML JATS (Journal Article Tag Suite) standard for scientific and scholarly publishers, and for the ISO-STS (Standards Tagging Set) standard developed by NISO (National Information Standards Organisation). These are emerging new international XML standards with the potential for adoption by thousands of diverse organisations around the world, with an associated demand for specialist authoring tools and conversion services.

Sales analysis by geographic region

Our customers typically comprise large organisations, and are spread globally. Geographic sales revenues were derived as follows:

Region 2016 2015
UK 2% 2%
Rest of Europe 10% 16%
North America 49% 67%
South America 9% 1%
Asia 30% 14%

 

North America continues to represent a significant proportion of sales revenues as adoption of the DITA XML standard has been primarily led by corporations with their headquarters based in the USA. It is anticipated that adoption of the DITA XML standard will spread internationally over the coming years.

The percentage increase in sales to Asia is as a consequence of major OmniMark licence sales to the Japan Patent Office through our partner Toshiba Solutions, based in Tokyo.

Technical Expertise

Our technical team includes leading experts in the development of XML content processing technologies and along with our support services, are very highly regarded by customers.

OmniMark is used in the development of Migrate, and both Migrate and OmniMark technologies are used in AuthorBridge, which results in very efficient integrated development and support activities.

Operations

Stilo operates from offices located in Swindon, UK and Ottawa, Canada. The technical team is based in our Ottawa office.

As at 31 December 2016, there were 18 permanent employees in the Company, complemented by the use of contractors. In 2017 we will be making additional investments in the recruitment of development personnel, although it is not anticipated that we will be growing headcount significantly, as we look to contain our costs and scale the business through technology sales.

FINANCIAL RESULTS

The results for the year ended 31 December 2016 have been prepared in accordance with the recognition and measurement principles of International Financial Reporting Standards as adopted by the European Union.

In 2016, the results for Stilo show an increase in EBITDA to £327,000 (2015: £272,000). Pre-tax profits were £318,000 (2015: £261,000).

Total sales revenues for the year increased by 16% to £1,761,000 (2015: £1,517,000). The increase in revenue was due primarily to a £331,000 growth in OmniMark licence sales, from major customers in Japan and Brazil. The Company also benefitted from an increase in recurring revenue from software maintenance contracts to £871,000 (2015: £713,000) which represents 49% (2015: 47%) of annual sales revenue. Revenue from Migrate reduced by £223,000 compared to the previous year, in what we considered to be a general softening of demand for conversion services in the DITA market.

The Company continues to maintain careful control over operating costs. Investment in additional development staff has meant that operating costs increased in the year. Operating expenses, excluding capitalised development costs, were £1,437,000 (2015: £1,246,000).

Investment in R & D continued in 2016, with total expenditure for the year of £538,000 (2015: £419,000). As a result of this investment, Stilo continues to benefit from research and development tax credits. Of this expenditure, £204,000 (2015: £125,000) relating to the development of AuthorBridge has been capitalised, and the total accumulated capitalised costs will be depreciated over a 10 year period, commencing in 2017.

There was a cash balance of £1,466,000 as at 31 December 2016 (31 December 2015: £1,318,000), and Stilo remains entirely un-geared. This balance sheet stability provides a sound financial base for the Company and will support continued investment in product development, sales and marketing. Further investment in staff recruitment is expected in 2017, however, overall costs will continue to be carefully managed in order to maintain cash reserves at a satisfactory level.

Total trade debtors were £348,000 (2015: £161,000), equating to 72 days (2015: 54 days). Albeit outside of standard credit terms, the directors consider this to be reasonable, due to the specific circumstances relating to one balance. Overdue amounts are closely monitored.

DIVIDENDS

The Board recommends the payment of a Final Dividend for the year of 0.05 pence per Ordinary Share which, if approved by shareholders at the AGM on 18 May 2017, will be paid on 23 May 2017 to shareholders on the register on 21 April 2017. The shares will be marked ex-dividend on 20 April 2017. If approved, payment of the Final Dividend will bring the total dividends paid to shareholders for the year to 0.09 pence per Ordinary Share.

The Board’s policy is to maintain 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 structured content to multiple channels continues to grow, which in turn drives the market for XML content conversion and authoring tools.

Overall trading in 2017 continues in line with management expectations, as 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


Board Appointment

28 September 2016

Stilo International plc

The Board of Stilo International plc (“Stilo” or the “Company”) (LSE:STL), the AIM quoted software and cloud services company, is pleased to announce that it has appointed Liam O’Donoghue to its Board of Directors as a Non-Executive Director with effect from 3 October 2016.

Liam qualified as a lawyer with leading Irish Corporate law firm William Fry and also spent a number of years in the corporate finance department of Seymour Pierce in London where he advised on a wide range of corporate transactions. Liam is a founder member and director of ONE Advisory Group, which provides corporate advisory and administration services to listed companies.

Stilo non-executive Chairman, David Ashman commented:

“I am delighted to welcome Liam to the Board as an independent, non-executive director. We look forward to benefiting from fresh insights drawing upon his valuable experience of corporate transactions and company governance”.

Information in respect of Mr O’Donoghue as required by Schedule 2(g) of the AIM Rules for Companies is included below.

 

ADDITIONAL INFORMATION

Full name: William John O’Donoghue
Age: 34

Current Directorships / Partnerships:
One Advisory Limited
One Capital Limited
One Advisory Group Limited

Previous Directorships / Partnerships in the last 5 years:
Amedeo Assets Limited
Amedeo Capital Limited
Creon Corporation Limited
Adcompass Ltd
CMS Corporate Services Limited

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


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