AGM Trading Update

RNS Number : 8806B
Anexo Group PLC
12 June 2019
 

For immediate release

12 June 2019

 

Anexo Group plc

('Anexo' or the 'Group')

 

AGM Trading Update

 

Anexo Group plc (AIM: ANX), the specialist integrated credit hire and legal services provider, is pleased to provide the following Trading Update ahead of its Annual General Meeting, to be held at 12 noon today.

 

The Board is pleased to announce that overall trading within the Group remains strong and, as a result, it anticipates that profit before tax for the year ending 31 December 2019 will be ahead of current market expectations of £18.1 million. A further update will be provided when the Group reports its interim results in September 2019.

 

Integration of the new regional office for Bond Turner, the Group's legal services division, which is located in Bolton and which became operational on 3 December 2018, has progressed at a faster rate than originally expected. The Group continues to actively recruit new staff to its team of solicitors and other litigation specialists allowing the Group to process an increasing volume of cases.

 

 

- Ends -

 

For further enquiries:

Anexo Group plc

+44 (0) 151 227 3008

www.anexo-group.com

Alan Sellers, Executive Chairman

Mark Bringloe, Chief Financial Officer

Nick Dashwood Brown, Head of Investor Relations

 

Arden Partners plc

(Nominated Adviser and Broker)


John Llewellyn-Lloyd / Benjamin Cryer (Corporate)

Fraser Marshall (Equity sales)

+44 (0) 20 7614 5900

www.arden-partners.co.uk

 

Buchanan

(Financial Communications)

 

 

Henry Harrison-Topham / Steph Watson

+44 (0) 20 7466 5000

Anexo@buchanan.uk.com

 

Notes to Editors:

 

Anexo is a specialist integrated credit hire and legal services provider.  The Group has created a unique business model by combining a direct capture Credit Hire business with a wholly owned Legal Services firm.  The integrated business targets the impecunious not at fault motorist, referring to those who do not have the financial means or access to a replacement vehicle.

 

Through its dedicated Credit Hire sales team and network of 1,100 plus active referrers around the UK, Anexo provides customers with an end-to-end service including the provision of Credit Hire vehicles, assistance with repair and recovery, and claims management services.  The Group's Legal Services division, Bond Turner, provides the legal support to maximise the recovery of costs through settlement or court action as well as the processing of any associated personal injury claim.

 

The Group was admitted to trading on AIM in June 2018 with the ticker ANX.

 

For additional information please visit: www.anexo-group.com

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
MSCSFIFMFFUSEEM

Companies

Anexo Group (ANX)
UK 100

Latest directors dealings