Pre Close Trading Update

RNS Number : 4040U
NAHL Group PLC
18 January 2017
 

18 January 2017

 

NAHL Group PLC

("NAHL" or the "Group")

 

Pre Close Trading Update

 

NAHL, the leading marketing and services business focused on the UK consumer legal market, today provides a trading update for the year ended 31 December 2016.

 

The Group confirms it has traded in line with Board expectations.

 

Following publication by the Ministry of Justice of its consultation regarding Personal Injury ("PI") claims on 17 November 2016, National Accident Helpline, the Group's PI division, as an interested stakeholder, submitted its response to the consultation in December 2016. A copy of that response is available on our website (1). The Board understands the MoJ's response to the consultation is currently due to be published in April 2017.

 

Fitzalan and Bush, the Group's Conveyancing and Critical Care divisions, are unaffected by this consultation and we expect both to continue to make good progress in 2017.

 

The interim dividend of 6.35p per share was paid on 31 October 2016 and the Group intends to propose a final dividend, payable in May 2017. The Board's dividend policy is to pay two thirds of the Group's retained earnings each year, with one third of this at the interim stage.

 

(1)       The consultation response is available at the following link: http://www.nahlgroupplc.co.uk/announcements/national-accident-helpline-respond-to-the-governments-consultation-on-pi-reforms 

 

 

For further information please call:

 

NAHL Group plc

Russell Atkinson (CEO)

Steve Dolton (CFO)

 

via FTI Consulting

Tel: +44 (0) 20 3727 1000

Investec Bank plc (NOMAD & Broker)

Garry Levin

David Flin

James Ireland

David Anderson

William Godfrey

 

Tel: +44 (0) 20 7597 5970

FTI Consulting (Financial PR)

Oliver Winters

Alex Beagley

James Styles

Tel: +44 (0) 20 3727 1000

Notes to Editors

NAHL Group

NAHL Group plc is a leading UK consumer marketing business focused on the UK legal services market. The Group comprises three companies: National Accident Helpline (NAH), Fitzalan Partners (Fitzalan) and Bush & Company Rehabilitation (Bush). NAH provides outsourced marketing services in the personal injury market, Fitzalan, which includes Searches UK a leading conveyancing search provider, provides marketing services in the property market and Bush provides a range of specialist services in the catastrophic injury market.

 

More information is available at www.nahlgroupplc.co.uk and www.national-accident-helpline.co.uk.

 

 

 

 


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