Sanderson trading in line with expectations
SOFTWARE and IT services group Sanderson has confirmed current trading is in line with expectations.
The Coventry-based company, which serves the UK and Irish retail and manufacturing markets, said full details would be posted in the first week of November, when the group issued its pre-close update for the year ended September 30, 2011.
“The update will confirm that the group’s trading is in line with market expectations,” said today’s brief statement.
Separately, the group said it had also issued 142,000 ordinary shares to a former employee as a result of the exercise of options under a Long Term Incentive Plan.
Application has been made for the new shares to be admitted to AIM and admission is expected to take place on November 1, 2011.
The New Ordinary Shares will rank pari passu with the existing Sanderson ordinary shares and following the move, Sanderson will have in issue 43,525,946 ordinary shares.
The preliminary announcement of the group’s results for the year ending September 30, 2011 is expected to be made during the last week of November or the first week of December.
