Drumz “looking forward to the future with optimism”

Drumz plc (LON:DRUM) the investing company focused on building value in technology, has announced its final results for the year ended 31 December 2020.  

Highlights 

  • In the year the Company changed its investing policy to focus on the technology sector.
  • First technology investment made in Acuity Risk Management Limited (“Acuity”), an award winning cybersecurity software company.
  • Despite COVID, Acuity announces new business wins and significant growth in forward contracted revenues.

Angus Forrest, Chief Executive commented on the results:

“We have made progress in the past six months and are increasingly confident that the promise shown by Acuity and its improved SaaS business model which is beginning to show with growth in new business should accelerate from here.  Drumz has reviewed many new investment opportunities, and we are determined to focus on the opportunities which offer Drumz and its shareholders the best returns. We look forward to the future with optimism.”

Annual General Meeting

In view of the current prevailing guidance from the British Government in relation to the COVID-19 pandemic and specifically the restrictions on large gatherings, the 2021 AGM which will be held on 18 June will be convened with the minimum quorum of shareholders (which will comprise the Company’s directors) in order to conduct the business of the meeting.

This year, we are requesting that any relevant questions on the Annual Accounts or other business to be transacted at the meeting are submitted by shareholders in advance. Shareholders can do so by sending questions in writing to the Registered Office or by emailing info@drumzplc.com no later than 14 June (at least 4 days before the AGM). Prior to the meeting, answers to questions will be provided on the Investor Section of the Company’s website at www.drumzplc.com.

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