AGM ANNOUNCES ITS SIX MONTHS INTERIM RESULTS
We are delighted to confirm the release of our interim results for the six months ended 31 January 2021.
Operational highlights from the first half-year include continued positive progress within the Coatings, Composites, Functional materials sectors, as well as increased activity within the Car Care industry.
Recent technological developments for the company have enabled the launch of new customer products offering enhanced sustainable credentials through the use of graphene. Despite the challenges of the pandemic, further distributors have been added to enhance AGM’s global presence, increasing our customer-facing representation headcount to around 79 including AGM’s direct sales team. A continued focus on maximising the safety of all team members remains, as commercial momentum increases and the impact of COVID-19 recedes.
Alongside the recent branding refresh and the company’s outstanding ECHA accreditation, a positive financial outlook including the successful fundraise campaign, rounded off the interim report.
“We have made good progress in the period both in our technology development and with specific customers, primarily in the coatings sector. Similarly, our expanded distributor base is generating a growing number of new customer engagements. Our route to significant revenue is through providing our high-quality graphene nanoplatelets dispersed in a format ready to be incorporated into customer product formulations.”
Adrian Potts, Chief Executive Officer of AGM
Read the full Interim Report here.
Watch the Interim Presentation with audio below.
DIRECTORATE CHANGE – MIKE TOWNEND
Our Non-Executive Director, Mike Townend, has indicated that he wishes to step down from the AGM Board with effect from 25 March 2021. Mike is also shareholder IP Group’s representative on the AGM Board. IP Group will not be replacing Mike with a new representative.
“The Board would like to thank Mike for his resolute guidance and input as part of the Board team to help steer AGM to the position of being the leading technology provider that it is today. It has been an absolute pleasure working with Mike and we wish him well in the future.”
Bryan Dobson, Chairman of AGM
APPOINTMENT OF A JOINT BROKER
We are pleased to announce Allenby Capital Limited will be AGM’s joint broker with immediate effect.
N+1 Singer remains as the Company’s nominated adviser and joint broker.
For more information on AGM and its activities, call +44 (0)1642 438214 or email info@appliedgraphenematerials.com
