Plexure Group Limited (PLX) Market Update

2:31pm, 27 Feb 2017 | MKTUPDTE

On January 4th 2017 Plexure Group Limited (Plexure) provided the market with an Annualised Committed Monthly Revenue (ACMR) update. In that announcement and included in the ACMR figure was a contract for a company that Plexure was unable to name at that time due to final contractual terms not being agreed. Plexure can now confirm that the name of that company is Samsung Electronics Co., Ltd.

 

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Plexure Group Limited (PLX) issues convertible notes

2:15pm, 3 Feb 2017 | GENERAL

Plexure Group Limited (Plexure) has raised $1,600,000 by the issue of convertible notes.

The key terms of the convertible notes are as follows:

  • Face value of $1 per note
  • Redeemable in 9 months from the date of issue
  • Interest is payable at 8% calculated on a monthly basis and payable (or added to the conversion amount) at the end of the term
  • Conversion to shares at the end of the 9 months at a price of 0.28 per share.
  • Conversion or repayment is at the choice of the holder.

These funds will be used for the support of ongoing operations of Plexure.

 

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Plexure Group Limited signs contract with Arcos Dorados Inc

11:25am, 30 Dec 2016 | GENERAL

Plexure Group Ltd (PLX) is pleased to announce the expansion of their relationship with McDonald's, with the signing of an agreement with Arcos Dorados Inc, McDonald's largest franchisee in Latin America and the Caribbean. The contracted starting SaaS fee is approximately NZ$1.1m of Annualized Committed Monthly Revenue.

For more information please contact:
Andrew Dalziel, CFO Plexure
Mobile: +64 27 6777 575 Email: andrew.dalziel@plexure.com


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Plexure Group Limited Ranked No. 35 Fastest Growing Company

12:00pm, 2 Dec 2016 | GENERAL

Plexure Group limited is pleased to announce it is ranked No. 35 on the Deloitte 2016 Asia Pacific Technology Fast 500, an annual ranking of the fastest growing Asia Pacific companies in the software and hardware tech sectors, clean technology, media, communications and life sciences. Plexure grew 1,197 percent during a three-year period.

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Plexure Group Limited 2016/17 Interim Results Announcement

9:55am, 29 Nov 2016 | HALFYR

29 November 2016

Please find Plexure Group Limited Appendix 1 announcement and 2016 / 2017 Interim Report attached to this announcement.

Performance Highlights

For the six months ended 30 September 2016, total revenue grew 9% over the same period last year, to $3,602k. During the same period operating revenue grew 32% to $3,348k reflecting the growth in the underlying business. Annualised Committed Monthly Revenue (ACMR – recurring revenue) grew to $6,004k, an increase of 25% over the same period in 2015. ACMR is a key performance metric for Software as a Service (SaaS) businesses.

The net loss for the six months ended 30 September 2016 was $3,653k, up 15% from the same period last year. This loss reflects the investment the Company is making establishing a presence in the US market and the continuing development of its technology platform.

Growth

Growth during this period was slower than anticipated. Changes in the US sales team slowed progress, however, towards the end of the period, momentum started to pick up with the addition of McDonald’s Canada, the signing of a new South American customer and expansion of the Compass Group relationship; all occurring in the final 2 months of this period.

While we continue to sign new customers, we are also experiencing increased demand from existing customers to provide additional services and, as we respond to those requests, our relationship with those customers is deepening.

We have also started to field more enquiries from manufacturers of hardware who are looking for solutions that allow them to provide further functionality to consumers of their products. This is an exciting development and will broaden the Company’s addressable target market and increase revenues without incurring large cost increases. 
The Company’s technology platform is performing well at scale, now supporting in excess of 50 million users, and continues to be lauded as market leading, particularly as its data analytics capability grows. It is now being used in a number of different application areas and with the growing interest in the IoT, the scope for the platform to drive innovation within Plexure’s existing and prospective customer base is significant.

Capital and Capital Markets

During the 6 months ended 30 September 2016, the Company raised $3.4m of new capital via a private placement. We were pleased to have VIX Investments increase its stake in the Company to approximately 10% through their participation in this placement. VIX is a specialist Fintech investor based in Australia and manages a global portfolio of investments.

We are continuing to engage in discussions with prospective US-based strategic investors. We have now appointed a US based external advisor, who is undertaking a process to identify and evaluate appropriate potential US investors, and will assist Plexure to consider its strategic options and the potential transactions that may be available to it.  This process will be broad ranging, and the Company may discuss, and potentially pursue, investment proposals that extend beyond issuance of new capital, including strategic alliances or the acquisition of all or part of Plexure’s existing share capital.

Outlook

Plexure continues to attract significant international attention for its end-to-end personalisation and data analytics platform. Its IoT capability is a major point of differentiation from competitors and this capability is now driving interest in the Company from new market players.

The platform is now processing massive numbers of transactions across several geographies; we have a strong partnership with Microsoft and a new relationship with GE that looks very promising. Our revenues from existing customers are growing as they extend the use of our products and services and new customers are being secured.

Thus, the Directors remain confident about the future prospects for the Company but note that the pursuit of large enterprise customers in international markets takes time.

For more information please contact: 
Andrew Dalziel, CFO Plexure
Mobile: +64 27 6777 575 Email: andrew.dalziel@plexure.com

 

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Plexure Group Limited wins dual awards.

10:39am, 17 Nov 2016 | GENERAL

Plexure Group Limited (Plexure) has received two awards in the past 24 hours.

Last evening Plexure was announced as the second fastest growing company on the Deloittes Fast 50 Index with a growth rate of nearly 1,200%.

At the same time Plexure CEO Scott Bradley was present in San Francisco to receive Current, Powered by GE Partner Innovation Award at GE’s annual premier Industrial Internet event Minds + Machines.

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Market Update – Future Capital Raising

9:44am, 13 Oct 2016 | GENERAL

As noted at the Annual Shareholder meeting on the 29 September 2016, PLX advised that it would need to undertake further capital raising activity in the second half of 2016 to continue with its growth plans.  PLX is now progressing that matter, and advises that in formulating an approach to this capital raising PLX is considering the option of a Share Purchase Plan, and engaging with strategic NZ and US based investors to assist with further development of PLX’s US business. 

PLX has appointed a US based external advisor, who will undertake a process to identify and evaluate appropriate potential US investors, and will assist PLX to consider its strategic options and the potential transactions that may be available to it.  

For more information please contact: 
Andrew Dalziel, CFO Plexure
Mobile: +64 27 6777 575
Email: andrew.dalziel@plexure.com

Expansion of Compass Group Relationship

10:04am, 30 Sep 2016 | GENERAL

Plexure Group Ltd (PLX) is pleased to announce the expansion of their relationship with the Compass Group of North America. Plexure will roll out to an additional 19 locations in the Northwest Region to provide caloric visibility, Operational Metrics and customer engagement tools across those locations for customers as well as business operators. The contracted SaaS fee is approximately NZ$330,000 of Annualised Committed Monthly Revenue. 
  
The Compass Group is the global leading foodservice and support services company that operates award-winning restaurants, corporate cafes, schools, arenas, museums, remote sites state-of-the-art vending and office coffee solutions.  Compass operates in over 50 Countries with leading market positions in the US, UK, and Europe. 

For more information please contact: 
Andrew Dalziel, CFO Plexure
Mobile: +64 27 6777 575 Email: andrew.dalziel@plexure.com

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Results of 2016 AGM

9:07am, 30 Sep 2016 | MEETING

At the Annual Meeting of Plexure Group Limited in Auckland on Thursday 29 September, shareholders approved the following resolutions as set out in the Notice of Meeting dated 15 September 2016.

Director Elections
Mike Carden was re-elected a director
Sharon Hunter was elected a director

Auditor re appointment
The meeting recorded the re-appointment of Deloitte as the Company’s Auditor and authorised the Directors to fix the auditors remuneration for the forthcoming year.

Ratification of previous share placements
The 9,106,593 ordinary shares issued by the Company for private placement capital raising on 10 June 2016 were ratified.

Issue of share options to employees
The issue of 3,174,862 options to various employees was approved.

ENDS

For more information please contact: 
Andrew Dalziel, CFO Plexure
Mobile: +64 27 6777 575 Email: andrew.dalziel@plexure.com

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Plexure signs new customer

3:55pm, 22 Sep 2016 | GENERAL

Plexure Group Ltd (PLX) is pleased to announce the signing of a new South American Customer. Plexure are unable to announce the name of the customer as per the terms of the agreement, however the customer will utilise the Plexure platform to optimise engagement with their customers. The contracted SaaS fee is approximately NZ$550,000 of Annualised Committed Monthly Revenue.

For more information please contact: 
Andrew Dalziel, CFO Plexure
Mobile: +64 27 6777 575 Email: andrew.dalziel@plexure.com

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