JOURNEO PLC

Management Reports • Jun 5, 2014

National Storage Mechanism | Additional information

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RNS Number : 8815I

21st Century Technology PLC

05 June 2014

5 June 2014

21st Century Technology plc

("21st Century" or "the Group")

AGM Statement

At the Annual General Meeting (the "AGM") to be held at 10.30 a.m. today of 21st Century Technology plc (AIM:C21), the specialist service providers of CCTV and monitoring systems to the fleet and network operators in the bus and rail industries, the Chairman, Mark Elliott, will make the following statement:

"In our recently issued Annual Report I said that whilst there have been a number of challenges in the last year I am cautiously optimistic about our future, not least because of the new energy, drive and direction brought about by the new leadership team. I also said that our expectation for the current year is for revenues to be similar to 2013. I added that we are currently trading in line with Board expectations and every effort is being made to develop new lines of business and secure positive outcomes from the important contract negotiations and renewals due later on this year.

Trading in the financial year so far has been in line with those comments, and there has been no material change in our expectations. We have made a number of innovative major system proposals to both rail and bus operators, which if successful will begin in H2 and provide the foundations for a return to growth in 2015.

At the conclusion of the AGM there will be a presentation detailing the new leadership team's strategic approach.  This presentation contains no new price sensitive information and will be posted on our website, www.21stplc.com later today.

In line with the new strategy, and following agreement by the Board, the Remuneration Committee is also progressing initial proposals for the award of further incentives to Russ Singleton and Glenn Robinson as set out in the Report on Directors' remuneration. When finalised in the next few months these will be brought before a General Meeting of the Company and will involve providing Russ Singleton and Glenn Robinson with a combined further interest of approximately 12 per cent in the upside of the Company's market capitalisation".

A copy of this announcement is available on the Group's website: www.21stplc.com

Enquiries:

21 Century Technology plc	Russ Singleton/Glenn Robinson	Tel: 0203 651 9172
finnCap Limited
Nominated Adviser	Julian Blunt/Henrik Persson	Tel: 0207 220 0500
Corporate Broking Media enquiries	Rhys Williams/Malar Velaigam
Communications Portfolio	Ariane Comstive/Helen Carpanini	Tel: 0207 536 2028

Notes to editors:

21st Century Technology plc's (AIM: C21) principal activities are the provision of CCTV and monitoring systems to the fleet and network operators in the bus and rail industries. The Group's business model is changing from providing point solutions for the supply and installation of CCTV, black-box and other monitoring systems towards highly integrated on-board technologies and the supporting back-office requirements. This can be summarised as providing managed services for connected public service vehicles (PSVs).

The Group is the preferred supplier of mobile CCTV to two of the UK's largest bus operators, Arriva UK Bus and First Group UK Bus, and is also the preferred supplier to Keolis Sverige AB in Stockholm. In the rail sector, 21st Century has recently gained two new UK customers including GB Rail Freight and a second with one of the UK's leading train operating companies. These recent new client wins demonstrate the growing adoption of the 21st Century's systems in the rail market as well as the Group's multi-modal approach to servicing fleet customers.

The Group was admitted to trading on AIM in 2005.

This information is provided by RNS

The company news service from the London Stock Exchange

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