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Lighthouse Group PLC (LGT)

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Friday 20 July, 2018

Lighthouse Group PLC

Trading Update and Notice of Results

RNS Number : 2185V
Lighthouse Group PLC
20 July 2018
 

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014

 

20 July 2018

 

Lighthouse Group plc

('Lighthouse" or the "Group")

 

Trading Update and Notice of Results

 

Lighthouse Group plc (AIM: LGT), the national financial advisory group, is pleased to provide a trading update for the six months ended 30 June 2018.

 

The Group, which is the preferred financial adviser to 21 (2017: 19) affinity partners with a combined membership of more than 6 million individuals, has continued to trade positively in the first half of 2018, in line with management's expectations and ahead of the comparator period for the six months ended 30 June 2017.

 

The Group continues to maintain a strong balance sheet with cash balances at 30 June 2018 amounting to £9.6 million and no debt (30 June 2017: £8.1 million, net of £0.4 million mortgage since redeemed).

 

The Board is pleased with trading to date in 2018 and is confident of further progress over the remainder of the year.

 

Lighthouse Group will be announcing its half year results for the six-month period ended 30 June 2018, on 4 September 2018.

- Ends -

 

For further information, please contact:

Lighthouse Group plc

 

Richard Last, Chairman

 

Malcolm Streatfield, Chief Executive

 

Peter Smith, Finance Director

[email protected]

Tel: +44 (0) 20 7065 5640

www.lighthousegroup.plc.uk

 

 

 

 

 

finnCap Limited

 

 

 

(Nominated Adviser and Broker to the Company)

Tel: + 44 (0) 20 7220 0500

 

 

Adrian Hargrave / Emily Watts/ Hannah Boros

 

 

         

Media enquiries:

IFC Advisory Limited

 

Graham Herring/ Heather Armstrong/  Florence Chandler

Tel: +44 (0) 20 3934 6630

[email protected]

www.investor-focus.co.uk

About Lighthouse Group plc

Lighthouse has been listed on AIM since 2000 as an integrated financial services company for investors, coupled with significant scale in terms of distribution through financial advisers and wealth managers and its fully diversified business model.

As one of the UK's largest autonomous financial advice and wealth management groups, Lighthouse provides a comprehensive range of services to businesses and individuals and is retained by most of the major trades unions and other affinity groups to advise their combined memberships of over 6 million members.

The Group aims to increase its relationships with, and the benefits it derives from, its relationships with affinity groups and professional partners.

In addition to a wide range of financial advice, the Group has developed innovative products to meet the specific needs of its retail and corporate customers in the asset management and workplace solutions sectors.

Lighthouse operates from its headquarters in London as well as having principal operating offices in Stockport and Woodingdean, near Brighton. 

For more information please visit: http://www.lighthousegroup.plc.uk/   

 


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 [email protected] or visit www.rns.com.
 
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