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AGM statement Oct 2010

RNS Number : 9776T

AdEPT Telecom plc

06 October 2010

 

AdEPT Telecom plc  (“AdEPT Telecom” or the “Company”)

AdEPT Telecom is pleased to announce that at the Annual General Meeting (“AGM”) of the Company held at 11.00am today, all the proposed resolutions were duly passed.

Roger Wilson, Chairman of AdEPT Telecom, commenting at the Company’s AGM said:

“I am pleased to report that despite the current challenging economic conditions the Company has continued to be highly cash generative.  Net debt reduction of £2m in the last 12 months has been achieved through continued focus on underlying profitability and cash conversion.”

Enquiries:

AdEPT Telecom PlcRoger Wilson, Chairman

Ian Fishwick, Chief Executive

John Swaite, Finance Director

 

07786 111 535

01892 550 225

01892 550 243

 

Astaire Securities PlcShane Gallwey 020 7492 4750

About AdEPT Telecom plc:

AdEPT Telecom plc is one of the UK’s leading independent providers of voice and data telecommunications solutions.  The Company provides fixed line calls, line rental, mobile and data connectivity solutions to thousands of residential and business customers across the UK.  AdEPT Telecom has strategic relationships with tier-1 suppliers such as BT, Cable & Wireless and Carphone Warehouse. The Company employs 54 members of staff at its offices in Tunbridge Wells, Kent.

AdEPT Telecom is listed on the London Stock Exchange (Ticker: ADT).  For further information please visit: www.adept-telecom-investorrelations.co.uk