WEBINAR | OptimizeR—optimization of DITA content for consistency and reuse

Wednesday, December 4, 2019
8am PST | 11am EST | 4pm GMT

Our presenters:
Bryan Tipper | VP Sales and Marketing, Stilo
Helen St. Denis | Conversion Services Manager, Stilo

Register Here

Don’t worry if you can’t make the scheduled time, we’ll be sharing the recording with everyone who registers following the live broadcast. So register now!

Content reuse is a fundamental benefit of DITA adoption, providing huge efficiency gains to authoring teams and helping to ensure the consistency of published information across an enterprise. However, identifying potential reuse opportunities and implementing reuse strategies can be a painstaking and laborious process. As an ever increasing volume of content is authored in DITA across authoring teams, then invariably more content is replicated over a period of time.

Wouldn’t it be great if there was a way to automatically identify reuse potential across your DITA content collections, deduplicate topics and update conref libraries and ditamaps?

Introducing OptimizeR, Stilo’s content optimization tool that enables you to automatically identify reuse potential across your DITA content and publish more accurate, normalized content, faster. Whether you’re embarking on the conversion of content to DITA for the first time, or have existing DITA content that you would like to evaluate for additional reuse opportunities, OptimizeR can help.

Join us for this free webinar on Wednesday, December 4, 2019 to learn more and see a live demonstration of OptimizeR.


Result of General Meeting

30 September 2019

STILO INTERNATIONAL PLC
(the “Company”)

Result of General Meeting

The General Meeting of Stilo International plc was held at the offices of RSM UK Audit LLP, 25 Farringdon Street, London EC4A 4AB on 30 September 2019 at 11:00 a.m.

All four resolutions put to members were passed. Resolutions 1 and 2 were passed as ordinary resolutions and resolutions 3 and 4 were passed as special resolutions.

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)
Nick Emerson
T +44 1483 413500

The number of votes lodged by proxy for and against each of the resolutions proposed, and the number of votes withheld was as follows:

Resolution

Votes for

%

Votes against

%

Chairman’s Discretion

%

Votes withheld

Resolution 1 (Ordinary)

To approve the Brewin Nominees Purchase Contracts and to authorise the Company to make off market purchases

 

 

12,221,300

99.89%

 

 

11,022

0.09%

 

 

2,852

0.02%

15,265,359

Resolution 2 (Ordinary)

To approve the Purchase Contract and to authorise the Company to make off market purchases

 

 

27,486,659

99.95%

 

 

11,022

0.04%

 

 

2,852

0.01%

0

Resolution 3 (Special)

To approve cancellation of the AIM Listing for the Ordinary Shares

 

 

27,486,659

99.95%

 

 

11,022

0.04%

 

 

2,852

0.01%

0

Resolution 4 (Special)

To approve the re-registration of the Company as a private limited company and to adopt new articles of association

 

 

27,486,659

99.95%

 

 

11,022

0.04%

 

 

2,852

0.01%

0

 

Shareholders are entitled to one vote per share. Votes withheld are not votes in law and so have not been included in the calculation of the proportion of votes for and against a resolution.

As a result of the approval of the resolutions:

  • the cancellation of the admission to trading of the Ordinary Shares on AIM (the “De-Listing”) will take effect from 8:00 a.m. on 8 October 2019;
  • the buyback (“Buyback”) of 15,265,359 Ordinary Shares in aggregate from Brewin Nominees Limited, BDS Nominees Limited and Giltspur Nominees Limited at 1 pence per Ordinary Share will complete on 3 October 2019;
  • the tender offer, the result of which was announced on 16 September 2019, will complete on 3 October 2019 (the “Tender Offer”);
  • the Current Articles have been replaced by the New Articles; and
  • the re-registration of the Company as a private limited company (the “Re-registration”) is expected to take place by 29 October 2019.

Total Voting Rights

Following completion of the Tender Offer and the Buyback, whereby 15,776,069 shares will be cancelled, the Company’s issued share capital will comprise 98,154,401 Ordinary Shares with voting rights. The figure of 98,154,401 Ordinary Shares may therefore be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA’s Disclosure Guidance and Transparency Rules.

Capitalised terms in this announcement (unless otherwise defined) have the same meanings as set out in the Circular dated 23 August 2019.


WEBINAR | Migrate—Fast-track your DITA content conversion project

Broadcast: Tuesday, October 8, 2019

Our presenters:
Bryan Tipper | VP Sales and Marketing, Stilo
Helen St. Denis | Conversion Services Manager, Stilo

Watch recording

Registration is required to view or download the recording.

Watch this recorded webinar to learn how you can fast-track your DITA content conversion project using Stilo’s Migrate cloud content conversion service.

Migrate enables technical authoring teams to convert content to DITA on-demand, and with immediate results, from source formats including Word, FrameMaker, RoboHelp and XML/SGML/HTML. It 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 content.

During the webinar we show you how you can…

• Get your conversion project up and running really quickly

• Save a lot of time and effort by avoiding the need to document lengthy conversion specs

• Reduce the requirement for any manual pre-conversion prep or post-conversion cleanup

• Automatically generate SVGs from FrameMaker drawings and images with callouts

• Ensure high quality standards

• Benefit from a dedicated, pay-as-you use conversion portal, available 24//7

Watch recording

Registration is required to view or download the recording.


Result of Tender Offer

16 September 2019

STILO INTERNATIONAL PLC

Result of Tender Offer

The Company is pleased to announce the results of the Tender Offer and that pursuant to the Tender Offer, which closed in accordance with its published timetable at 1.00 p.m. on 13 September 2019, valid tenders have been received for 510,710 Ordinary Shares.

As announced on 23 August 2019 the completion of the Tender Offer is conditional, inter alia, on the approval by Shareholders of all the Resolutions to be tabled at the General Meeting, which is scheduled for 11.00 a.m. on 30 September 2019.

Subject to the above, all valid tenders will be satisfied in full.

The Tender Offer will also not proceed if any of the conditions specified in paragraph 1 of Part II of the Circular are not satisfied and the Tender Offer may be terminated in the circumstances described in paragraph 22 of Part II of the Circular. If the Tender Offer does not proceed or is terminated once it is made, the Company will make an announcement through a Regulatory Information Service.

The posting of cheques in respect of certificated Ordinary Shares purchased pursuant to the Tender Offer is expected to occur by 3 October 2019. The crediting of CREST accounts for uncertificated Ordinary Shares purchased pursuant to the Tender Offer is expected to occur by 3 October 2019.

Terms used in this announcement shall have the meaning ascribed to them in the circular sent to Shareholders on 23 August 2019 (“Circular”) unless otherwise stated.

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)
Nick Emerson
T +44 1483 413500


Proposed Buyback, Tender Offer and De-Listing

23 August 2019

STILO INTERNATIONAL PLC
(the “Company”)

The Company today announces that a circular (the “Circular”) will be sent to Shareholders later today detailing the following proposals: 

  • the proposed cancellation of the admission to trading of the Ordinary Shares on AIM (the “De-Listing”);
  • the proposed buyback of 15,265,359 Ordinary Shares in aggregate from Brewin Nominees Limited, BDS Nominees Limited and Giltspur Nominees Limited at 1 pence per Ordinary Share;
  • a tender offer, closing at 1.00 pm on 13 September 2019, for up to 14,734,641 Ordinary Shares representing approximately 14.93 per cent of the Ordinary Shares in issue following the buyback of Ordinary Shares from Brewin Nominees Limited, BDS Nominees Limited and Giltspur Nominees Limited at 1 pence per Ordinary Share (the “Tender Offer”); 
  • the proposed re-registration of the Company as a private limited company (the “Re-registration”); and 
  • the replacement of the Current Articles with the New Articles.

The Circular sets out the terms of the Buyback, the Tender Offer and incorporates a notice of a General Meeting to be held on 30 September 2019 at which resolutions to approve the Proposals will be proposed.

Buyback

Holding 13.40 per cent of the voting rights, Brewin Nominees, BDS Nominees and Giltspur Nominees have agreed to support the Company’s De-Listing on the basis that the Company will buy back the Brewin Nominees Shares at the Tender Offer Price.

Under the Brewin Nominees Purchase Contracts, the Company has conditionally agreed to purchase the Brewin Nominees Shares at 1 pence per Ordinary Share. The Company’s purchase of the Brewin Nominees Shares pursuant to the Brewin Nominees Purchase Contracts is, inter alia, conditional on the Brewin Nominees Purchase Contracts being authorised by a shareholders’ resolution (Resolution 1), at which Brewin Nominees, BDS Nominees and Giltspur Nominees will not vote their shares.

Tender Offer

The Board recognises that not all Ordinary Shareholders will be able or willing to continue to own Ordinary Shares following the De-Listing.  Subject to the Tender Conditions being satisfied, Qualifying Shareholders will therefore have the opportunity to tender all or some of their Ordinary Shares at the Record Date pursuant to the Tender Offer.

Under the Tender Offer, the Company will purchase up to 14,734,641 Ordinary Shares (representing approximately 14.93 per cent of the Ordinary Shares in issue following the buyback of the Brewin Nominees Shares) from Qualifying Shareholders at 1 pence per share. The Tender Offer Price represents:

  • a discount of approximately 31 per cent. over the closing mid-market price of an Ordinary Share on 22 August 2019, being the last dealing day before the date of this announcement; and  
  • a discount of approximately 23 per cent. over the 30 day volume weighted average share price of an Ordinary Share on 22 August 2019, being the last dealing day before the date of this announcement.

De-Listing

Pursuant to Rule 41 of the AIM Rules, the Directors have notified the London Stock Exchange of the intention to cancel the admission of Ordinary Shares to trading on AIM, subject to Shareholder approval. Under the AIM Rules, it is a requirement that the De-Listing is approved by the requisite majority of Shareholder voting (being not less than 75. per cent of the votes cast).

Subject to the resolutions approving the De-Listing and the Re-registration being passed, it is anticipated that the De-Listing will become effective on 8 October 2019 and the Re-registration will take effect on 29 October 2019.

Further details of the proposals are set out below.

EXPECTED TIMETABLE

Announcement of proposed De-Listing and Tender Offer, posting of this document, Proxy Form and Tender Form to Shareholders and Tender Offer opens Friday 23 August 2019
Closing of Tender Offer  – Latest time and date for receipt of Tender Forms and TTE Instructions in relation to the Tender Offer 1.00 pm on Friday 13 September 2019
Record Date for Tender Offer 6.00 pm on Friday 13 September 2019
Announcement of results of Tender Offer Monday 16 September 2019
Purchase Contract and Brewin Nominees Purchase Contracts available for inspection From Monday 16 September to Monday 30 September 2019
Latest date for receipt of Proxy Form (to be received no later than 48 hours before the General Meeting) Saturday 28 September 2019
General Meeting 11.00 am on Monday 30 September 2019
Announcement of the results of General Meeting Monday 30 September 2019
Purchase of Tender Offer Shares and Brewin Nominees Shares Thursday 3 October 2019
Cancellation of Tender Offer Shares and Brewin Nominees Shares Thursday 3 October 2019
Despatch of cheques for Tender Offer proceeds Thursday 3 October 2019
CREST accounts credited with Tender Offer proceeds and proceeds of acquisition of Brewin Nominees Shares Thursday 3 October 2019
Despatch of share certificates in respect of any revised holdings of Ordinary Shares following the Tender Offer, and any Ordinary Shares held in CREST not tendered pursuant to the Tender Offer Thursday 3 October 2019
De-Listing and cancellation of admission of the Ordinary Shares to trading on AIM Tuesday 8 October 2019
Re-registration of the Company as a private limited company Tuesday 29 October 2019

 If any of the above times and/or dates change, the revised times and/or dates will be notified to Shareholders by announcement through a Regulatory Information Service.

All times are references to London time.

All events in the above timetable following the GM are conditional, inter alia, upon the approval of the Resolutions.

The De-Listing requires the approval of not less than 75 per cent. of the votes cast by Shareholders at the General Meeting.

Capitalised terms in this announcement (unless otherwise defined) have the same meanings as set out in the Circular.

Read the full Proposed Buyback, Tender Offer and De-Listing News Posting

Download the General Meeting Circular 23 August 2019

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)
Nick Emerson
T +44 1483 413500


Unaudited interim results for six months ended 30 June 2019

23 August 2019

STILO INTERNATIONAL PLC

Stilo International plc (“Stilo”, the “Group” or the “Company”) today announces its unaudited Interim Results for the six months ended 30 June 2019. The Company provides 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

  • Reduction in sales revenues to £638,000 (2018: £707,000)
  • Operating costs remain level £656,000 (2018: £657,000), excluding capitalised development costs for AuthorBridge of £110,000 (2018: £99,000)
  • Loss before tax for the period of £29,000 (2018: £42,000 profit)
  • Total comprehensive income for the period remained positive at £14,000 (2018: £5,000) subsequent to favourable foreign currency translation differences
  • Cash of £1,096,000 as at 30 June 2019 (2018: £1,442,000)
  • No interim dividend declared

BUSINESS HIGHLIGHTS

  • Migrate customers for the period include Mastercard, ARRIS/CommScope, Applied Materials, Visa, GE Healthcare and Deltek.
  • AuthorBridge customers in the US include IBM, Kaplan Professional Education and the Nuclear Regulatory Commission. A major release of AuthorBridge shipped in June 2019 and it is not expected to further capitalise AuthorBridge development costs beyond this date.
  • OmniMark sales include European Parliament, Qantas and Embraer.

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

In our Trading Update of 23 May 2019 we indicated that sales were slower than planned and that a loss was expected for the half-year period.

We are currently expecting trading to continue slowly for the remainder of 2019 and need to take measures to reduce our operating costs wherever possible. Of primary importance is the proposal to de-list from AIM and re-register as a private limited company, subject to shareholders’ approval. This is the subject of an associated announcement issued immediately following the release of these interim results and is expected to generate potential annualised cost savings of over £120,000. Additional cost-reduction activities include organisational and management changes that are currently underway.

The Company continues to develop high-quality software tools used by leading organisations around the world. With a reduced cost base and increased sales to be driven by the recruitment to the newly created role of VP Sales & Marketing, it is our intention to generate steady ongoing profits and resume the payment of dividends to shareholders as soon as possible.

Download a PDF of the 2019 Interim Results, including the Group Income Statement.

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)
Nick Emerson
T +44 1483 413500


WEBINAR | AuthorBridge—web-based DITA authoring for SMEs

Broadcast on Wednesday, September 18, at 8am Pacific

Join Stilo’s Patrick Baker, VP of Development for a live demo of AuthorBridge.

Designed for non-technical users with no knowledge of DITA or XML, AuthorBridge has helped organizations rapidly roll out DITA authoring to subject matter experts in marketing, engineering, training and support. It’s intuitive, web-based, easy-to-use authoring environment makes it simple for SMEs to collaborate and reuse structured content from a single DITA XML source.

AuthorBridge provides

  • A ‘Word-like’ guided authoring experience
  • Change tracking of text and structure
  • Review comments
  • Advanced copy & paste support from Word and Excel
  • Superior table handling (CALS)
  • Document view for DITA maps, edit topic content
  • Optimized support for large documents
  • Support for content reuse

Registration required to view or download recording.


DITA Europe 2019 | November 7-8, Brussels

We're exhibiting at DITA Europe 2019 in Brussels, Belgium - November 7-8, 2019

Join colleagues from around the world for two days of career-empowering knowledge, practices, networking, and practical solutions. With insights from nearly 50 presenters, 17 Sessions in the Technology Test Kitchen, an exhibit hall packed with the best technical content solutions, and the very best in industry networking, DITA Europe is designed with your specific needs in mind—providing strategies you can use immediately as you create and manage technical content, and expanding your professional network with information development experts from around the world.

Those new to content management and/or DITA will find guidance for starting their journey, while for experts, our program offers ways to continue pushing the boundaries. Join us for a chance to share what you already know and find out about things you don’t!

Visit the conference website for further information and to register.


Join us for our Technology Test Kitchen on Thursday, November 7 | 11.30-12.10

AuthorBridge—the key ingredient to making DITA authoring digestible for SMEs
Presented by: Bryan Tipper | VP, Sales & Marketing

For most non-professional content experts, authoring rich semantic content is considered too difficult to digest. The prospect of learning DITA is something they have little or no appetite for, they typically want to continue authoring in Word, or a Word-like authoring environment, and understandably don’t want to learn about XML.

So how can you tempt your SMEs to sample the delights of DITA authoring? The key ingredient is AuthorBridge from Stilo.

Specifically designed for users with no knowledge of DITA or XML, it has helped organizations rapidly roll out DITA authoring to non-ID professionals in marketing, engineering, training and support. To do this well requires sophisticated DITA content processing ‘under the hood’ and this is where AuthorBridge excels.

Join us for this technology test kitchen session and we’ll demonstrate some of the key ingredients that go into making AuthorBridge the crème de la crème of SME DITA authoring tools.

Features such as:
• ‘Word-like’ guided authoring
• Change tracking of text and structure
• Review comments
• Copy and paste from Word and Excel
• Best in class table support
• Best in class support for conditions
• Document view for DITA maps, edit topic content
• Optimized support for large documents
• Support for content reuse


Result of AGM 23 May 2019

23 May 2019

STILO INTERNATIONAL PLC

The Annual General Meeting of Stilo International plc was held at the offices of RSM UK Audit LLP, 25 Farringdon Street, London EC4A 4AB earlier today.

All 6 resolutions put to members were passed. Resolutions 1 to 4 were passed as ordinary resolutions and resolutions 5 and 6 were passed as special resolutions.

The number of votes lodged by proxy for and against each of the resolutions proposed, and the number of votes withheld was as follows:

 Resolution

Votes for

%

Votes against

%

Votes withheld

Resolution 1 (Ordinary)

To receive and adopt the Directors’ Report and Accounts for the year ended 31 December 2018

42,397,973

100

0

0

0

Resolution 2 (Ordinary)

To approve the final dividend for the year ended 31 December 2018

42,397,973

100

0

0

0

Resolution 3 (Ordinary)

To reappoint RSM UK Audit LLP as Auditors to the Company and to authorise the Directors to fix their remuneration

42,397,973

100

0

0

0

Resolution 4 (Ordinary)

To authorise the Directors to allot relevant securities

42,397,973

100

0

0

0

Resolution 5 (Special)

To authorise the Directors to allot equity securities and to disapply statutory pre-emption rights in relation to the issue of certain equity securities

42,177,973

99.48

220,000

0.52

0

Resolution 6 (Special)

To authorise the Directors to purchase ordinary shares

42,397,973

100

0

0

0

As at 23 May, 2019, there were 113,930,470 ordinary shares in issue. Shareholders are entitled to one vote per share. Votes withheld are not votes in law and so have not been included in the calculation of the proportion of votes for and against a resolution.

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)
Nick Emerson
T +44 1483 413500


Trading Update

23 May 2019

STILO INTERNATIONAL PLC

Stilo International plc (“Stilo” or the “Company”) today provides a trading update. 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.

In the Company’s 2018 Preliminary Results, announced on 14 March 2019, we indicated that the outlook for 2019 was uncertain. Albeit the Company is involved in several new contract bids that could materialise later in 2019, the Company expects to report a material drop in revenue and a loss for the six-month period ending 30 June 2019, as sales have been slower than planned.

Given the ongoing trading uncertainty, it is important that we reduce our operating costs and we will be taking appropriate measures to do so in the coming weeks.

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)
Nick Emerson
T +44 1483 413500