Ideagen plc Moves to AIM from PLUS SX

Ideagen is a supplier of ‘Compliance Based Enterprise Information Management Software’ . The company focuses on the development of software solutions for document control, compliance and standards management and has been a leading software supplier since 1993 .

Having been a constituent of PLUS-SX, the company has decided to transfer its listing onto AIM. This is a natural progression and the planning for this move was already in place prior to the recent uncertainty which was created when PLUS Markets Group announced that it would be closing PLUS-SX.

A recent update on trading confirmed that trading for the year ended 30 April 2012 was comfortably in line with market expectations. Results for the year, which are due to be announced before the end of July, will show significant growth in revenues, profits and earnings per share. Cash generation was also strong and the company is understandably confident with regards to prospects moving forward.

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A full note is available on Ideagen and can be downloaded below.