Trading Update and Equity Placing
Actual Experience plc (AIM: ACT), the analytics-as-a-service company, provides the following update on trading ahead of announcing its full year results for the year ended 30 September 2020. The Company has also separately announced today its intention to raise gross proceeds of £10.0 million by means of a placing to institutional investors (the Placing ).
· Reduction in operating loss before exceptional items to £4.58m (FY19: £6.26m) · Reduction in loss for the year to £4.68m (FY19: loss of £5.91m) · Loss per share of 9.87p (FY19: loss per share of 13.04p) · Cash at year end of £2.75m (FY19: £7.88m)
· Amendments to agreements with two existing Channel Partners to accommodate the Company s Human Experience Management ( HXM ) offering