Trintech Group Plc’s Annual General Meeting for 2009 Chairman’s Updating Statement
Dublin, Ireland - July 23, 2009
Trintech Group Plc (NASDAQ: TTPA), a leading global provider of integrated financial governance, risk management, and compliance solutions, today held its 10th Annual General Meeting (AGM) as a public company in Dublin, Ireland.
At the AGM, Cyril McGuire, Chairman and CEO, welcomed the approval by shareholders of all the ordinary and special resolutions including the approval of the share buy-back agreement with First Analysis Securities Corporation. The timing and amount of any repurchase by Trintech under the share buy-back programme will be dependent upon market conditions, securities law limitations and other corporate considerations.
Mr. McGuire said, “Following a solid performance in FY09, Trintech is on track to achieve a strong EBITDA net income growth in the current trading year. The company is well positioned with over 65% recurring revenues, good operating cash generation and a strong balance sheet with $17 million cash with no debt or borrowings, to capitalize on future market opportunities as the global economy recovers.”
About Trintech Group
Trintech Group Plc (NASDAQ: TTPA) is a leading global provider of integrated financial governance, transaction risk management, and compliance solutions. The Company enables companies to achieve excellence in financial governance and performance management through a comprehensive platform of account reconciliation, accounting compliance, and financial reporting applications across the financial lifecycle.
Over 600 leading global organizations are realizing the benefits of Trintech solutions every day to gain greater control, visibility, and efficiency across financial processes; improve financial performance through stronger management of revenue and cost cycles; ensure the accuracy and integrity of financial data, thereby reducing the risk of material weaknesses and restatements and to drive immediate efficiencies and cost reductions in financial operations through automation and scalability. Trintech’s customers include retail chains, commercial companies, financial institutions and healthcare providers in the United States, the UK and the Republic of Ireland, continental Europe and Australia. Customers who have used our software in recent years include Ericsson, Blackstone Group, Regis Corporation, Providence Health Systems and Cleveland Clinic Foundation.
For more information on how Trintech can help you increase confidence in business performance and reduce financial risk, please contact us online at www.trintech.com or at our principal business office in Addison, Texas, or through an international office in Ireland, the United Kingdom, or the Netherlands.
Trintech • 15851 Dallas Parkway, Suite 900 • Addison, TX 75001 • Tel 1 972 701 9802
Trintech UK Ltd. • Warnford Court, 29 Throgmorton St. • London EC2N2AT, UK • Tel +44 (0) 20 7628 5235
Trintech Technologies • Block C, Central Park • Leopardstown, Dublin 18, Ireland • Tel +353 1 293 9840
Trintech • Cypresbaan 9 • 2908 LT Capelle a/d Ijssel, The Netherlands • Tel +31 (0) 10 8507 474
Trintech Press Contact:
Paul Byrne
President
Trintech Group plc
T. +353 1 293 9840
E. paul.byrne@www.trintech.com
Published Thursday, July 23rd, 2009 and filed under Corporate
