2018 Annual Shareholders Meeting Results

9/8/2018, 8:30 am MEETING

At the Annual Meeting of Plexure Group Limited, held in Auckland on Wednesday 8 August, shareholders approved 5 of the 5 resolutions. Resolution 3, that Tim Cook be re-elected as director, was withdrawn on the basis that Tim Cook had resigned as a Director prior to the meeting.

Resolution 1: “That Brian Russell be elected as a director of the Company in accordance with clause 7.6 of the Constitution of the Company” was approved.

Resolution 2: “That Craig Herbison be elected as a director of the Company in accordance with clause 7.6 of the Constitution of the Company” was approved.

Resolution 4: “That Deloitte be appointed as the Auditors of the Company under section 207 of the Companies Act 1993, and the Board are authorised to fix their remuneration for the forthcoming year” was approved.

Resolution 5: “That, for the purposes of Listing Rule 7.3.1(a), the issue of up to 8,766,949 options to various employees to acquire ordinary shares in the Company pursuant to its existing employee share plan” was approved.

Resolution 6: “That the Company’s current constitution be revoked and the Company adopt the new Constitution tabled at the Meeting in its place, with effect from the close of the Meeting or any adjournment of it” was approved.

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

About Plexure
Plexure uses digital insight to optimize transactions in the real world for business with Plexure is a mobile engagement software company. Global brands use the Company’s products to engage consumers on mobile devices and drive them to store with personalised offers, mobile order and pay and loyalty. 

Plexure’s software integrates with operational systems to remove friction and create a seamless purchase experience for consumers. 

Brands that use Plexure see an increase in customer numbers and visit frequency, higher average transaction values, larger share of wallet and improved customer satisfaction scores.

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Amended Director Resignation

8/8/2018, 1:22 pm ADMIN

This announcement has been changed to correct a formatting error.

Tim Cook has resigned as a Director of Plexure with immediate effect.

Plexure’s Chairman, Phil Norman, expressed his thanks to Tim for his three years of service as a Director.

For more information please contact:

Phil Norman
Chairman
Plexure Group Limited
Mobile: +64 21 667 210
Email: phil@norman.co.nz

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Notice of Annual Meeting

5/7/2018, 9:09 am MEETING

Plexure Group Limited gives notice that the Annual Meeting of Shareholders will be held at Pullman Hotel, Corner Princes Street and Waterloo Quadrant, Auckland, on the 8th August 2018 at 11.00am.

A copy of the notice of meeting is attached.

For more information please contact:

Andrew Dalziel
Chief Financial Officer
Plexure Group Limited
Mobile: +64 27 6777 575
Email: andrew.dalziel@plexure.com

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SPH Notice - Scobie Ward

20/6/2018, 8:30 am SHINTR

Disclosure of beginning to have substantial holding
Section 276, Financial Markets Conduct Act 2013

To: NZX Limited
and
To: Plexure Group Limited

Date this disclosure made: 20 June 2018

Date on which substantial holding began: 18 June 2018

Substantial product holder(s) giving disclosure: 
Full name(s): Scobie Ward

Summary of substantial holding
Class of quoted voting products: Ordinary shares (PLX.NZ) 
Summary for: Scobie Ward

For this disclosure,— 
(a) total number held in class: 9,840,858
(b) total in class: 113,057,910
(c) total percentage held in class: 8.70% 
Details of relevant interests
Details for Scobie Ward

Nature of relevant interest(s): Beneficial owner of financial products. A relevant agreement document need not be attached under regulation 139.

For that relevant interest,— 
(a) number held in class: 9,840,858
(b) percentage held in class: 8.70% 
(c) current registered holder(s): Unknown
(d) registered holder(s) once transfers are registered: Forsyth Barr Custodians Limited

For a derivative relevant interest, also— 
(a) type of derivative: Not applicable
(b) details of derivative: Not applicable
(c) parties to the derivative: Not applicable
(d) if the substantial product holder is not a party to the derivative, the nature of the relevant interest in the derivative: Not applicable

Details of transactions and events giving rise to substantial holding

Details of the transactions or other events requiring disclosure: Off-market purchase on 18 June 2018.from Sharbo ULC of 6,000,000 shares for aggregate consideration of $1,200,000.

Additional information
Address(es) of substantial product holder(s): c/- Forsyth Barr Custodians, Forsyth Barr House, The Octagon, Dunedin
Contact details: Kerry Harper
T: + 64 3 450 2651

Name of any other person believed to have given, or believed to be required to give, a disclosure under the Financial Markets Conduct Act 2013 in relation to the financial products to which this disclosure relates: Scott Bradley, Rebecca Bradley, Sharbo ULC

Certification
I, Kerry Harper, certify that, to the best of my knowledge and belief, the information contained in this disclosure is correct and that I am duly authorised to make this disclosure by all persons for whom it is made.

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PLX announces the appointment of Craig Herbison as Director

19/6/2018, 1:51 pm CORPACT

Plexure Group Limited (Plexure) is pleased to announce the appointment of CEO Craig Herbison to the Board of Directors. Craig has been appointed on a casual vacancy basis and will be standing for election at the companies upcoming Annual Meeting on the 8th August 2018. This continues the previous practise of having the CEO as a Director on the Board. For the purposes of NZX Main Board Listing Rule 3.2.2, the Board has determined that Craig is not an independent Director.

For more information please contact:

Andrew Dalziel
Chief Financial Officer
Plexure Group Limited
Mobile: +64 27 6777 575
Email: andrew.dalziel@plexure.com

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Annual Shareholders' Meeting and Director Nomination dates

18/6/2018, 9:55 am MEETING

Plexure Group Limited will be holding its 2018 Annual Meeting of Shareholders at 11.00am on Wednesday 8th August 2018 at the Pullman Hotel, Corner Princes Street and Waterloo Quadrant, Auckland. A formal notice of meeting will be sent to shareholders in late June.

For the purposes of NZX Listing Rule 3.3.5 the company advises that the closing date for Director Nominations is Monday, 2nd July 2018. All nominations must be made by 5pm on the closing date.

Nominations may only be made by a shareholder entitled to attend and vote at the Annual Meeting, and should be addressed to:

Andrew Dalziel
Chief Financial Officer
Plexure Group Limited
Email: andrew.dalziel@plexure.com

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Plexure Cash Flow Positive and 61% Revenue Growth in FY18

30/5/2018, 9:58 am ANNREP

Key Achievements

  • Significantly improved financial performance – revenue growth of 61%, up $4.474m from FY17. 
  • The Company had $4.097m of cash on hand at balance date and remains cash flow positive with cashflow from operating activities generating $2.634m. 
  • Significant reduction in operating expenses resulting in a substantial decrease in net loss after tax by 74% for FY18.
  • A new executive team to take the business to the next stage of growth. 
  • Implementation of a refined strategic direction with a focus on growing existing customers and new business development. 
  • Significant new product extension with the development and deployment of mobile order and pay for McDonald’s.

For the year ended 31 March 2018, the Company’s total comprehensive loss decreased by 75% to $1.617m (2017: $6.482m). The decrease in the loss was driven by strong revenue growth and a decrease in operating expenses, which resulted in the Company becoming cash flow positive for the year.

Plexure’s strong revenue growth of 61%, or $4.474m, came from existing customers with whom the Company continues to develop and grow commercially significant relationships. The Company’s global footprint also continues to grow with 18 countries added in the year ended 31 March 2018 through its relationship with McDonald’s. Deeper relationships throughout Plexure’s customer set have fuelled significant new revenues, as the Company continues to build new features and capabilities into its technology platform.

Operating expenses decreased by 13%, or $1.737m, during the year, primarily through cost management and re-structuring. 

Of the total comprehensive loss of $1.617m, $1.255m relates solely to the accounting treatment of the $1.675m convertible note.

The Board is extremely pleased with the progress the Company has made in the last 12 months. The financial results, cash position and substantial reduction in loss are clear evidence that our strategic direction is positioning Plexure for sustainable growth and profitability.

For more information please contact:

Phil Norman
Chairman
Plexure Group Limited
Mobile: +64 21 667 210
Email: phil@norman.co.nz

Andrew Dalziel
Chief Financial Officer
Plexure Group Limited
Mobile: +64 27 6777 575
Email: andrew.dalziel@plexure.com

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Director resignation

30/5/2018, 9:58 am ADMIN

Scott Bradley has resigned as a Director of Plexure with immediate effect.

In September 2017, Scott relinquished his executive role as CEO but continued as a Non-executive Director. The Company has today released its 2018 Annual Report and Financial Statements, which detail Plexure’s improved trading performance and cash position. Scott considers the time is now right for him to step down as a Director to pursue other business interests.

Plexure’s Chairman, Phil Norman, expressed his thanks to Scott for his seven years of service in both executive and Director roles.

For more information please contact:

Phil Norman
Chairman
Plexure Group Limited
Mobile: +64 21 667 210
Email: phil@norman.co.nz

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Plexure Group Limited issues share options

20/11/2017, 11:07 am ADMIN

Plexure Group Limited are issuing 800,000 share options to the two new members of the Executive team. The share options are priced at the 20 day volume weighted average price of 12 cents per share option and vest over 3 years.

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

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Plexure increases revenue by 54% and decreases loss by 93%

14/11/2017, 8:46 am INTERIM

For the six months ended 30 September 2017, Plexures total revenue grew 48.8% to $5.4m. During the same period operating revenue grew 54.4% to $5.2m, reflecting the growth in the underlying business. 

As we have previously signalled we have also been focussed on streamlining the business. As a result, all expense categories, with the exception of contractors (which increased $10k) and amortisation ($129k) decreased. Operating expenses decreased by 22.9% or $1.7m, to $5.6m. 

The combination of increased revenue and decreased costs has resulted in a 92.9% improvement in the bottom line, with a total comprehensive loss of $0.3m for the period, compared to a loss of $3.3m in the prior year. 

The improved financial performance means that the operating cash burn for the first 6 months was $0.1m. With the capital raise of $1.9m, the Company finished the period with cash and cash equivalents of $2.4m.

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