Grafenia Plc provided earnings guidance for 2017. For the year, the company expects full year results to be in line with revised market expectations for revenue and EBITDA and net cash at bank to be £0.52 million. Consequently, whilst the company expects EBITDA to be in line with market expectations, the company expects EBIT to be below them. The company expects licence fee income to be ahead of last year.

The company also announced retirement of Pavel Begun from the Board at the AGM in July. The board announced that following the resignation of the previous Chairman in August 2016, and interim rotations, it has appointed Jan Mohr as Chairman with immediate effect. Jan joined the Board as a Non-Executive Director in March 2016.