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FDM Group plc (FDM)

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Tuesday 16 June, 2020

FDM Group plc

AGM Statement and Appointment of Joint Broker

RNS Number : 0266Q
FDM Group (Holdings) plc
16 June 2020
 

16 June 2020

FDM Group (Holdings) plc ("FDM Group" or "the Group")

AGM Statement and Appointment of Joint Broker

Annual General Meeting

FDM Group, a global professional services provider with a focus on Information Technology, today holds its 2020 annual general meeting.

Rod Flavell, CEO of FDM Group and chair of the Annual General Meeting, will present the following update to the meeting:

"Following the Group's First Quarter Trading and Covid-19 update given on 30 April 2020, the Group has traded comfortably in line with the Board's revised expectations. Mounties placed with clients at 15 June 2020 were 3,706 (15 June 2019: 3,812 Mounties placed with clients).

The Group's balance sheet remains strong with £53 million of cash and no debt."

As previously announced, in accordance with Government guidelines and in order to safeguard the health of shareholders and other participants, only two shareholders, who are also Directors, will be physically present at the meeting.

Details of the voting on the resolutions to be proposed at the AGM will be published via the RNS later today, as well as being made available on the Company's website and submitted to the National Storage Mechanism.

Appointment of Joint Broker

FDM Group is pleased to announce the appointment of HSBC Bank plc ("HSBC") as its joint corporate broker with immediate effect. HSBC will work alongside the Group's existing joint corporate brokers Investec Bank plc and Shore Capital.

This announcement may contain statements which constitute 'forward-looking statements'. Although FDM Group believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct. Because these statements involve risks and uncertainties, actual results may differ materially from those expressed or implied by these forward-looking statements.

ENDS

For further information, please contact:

FDM Group

Rod Flavell - Chief Executive

Mike McLaren - Chief Financial Officer

Mark Heather - Company Secretary & Head of Investor Relations

 

 

 

Tel: +44 (0)20 3056 8240

 

HSBC (Joint Corporate Broker)

Adam Miller

Mark Dickenson

Dom O'Carroll

 

Tel: +44 (0)20 7991 8888

Investec (Joint Corporate Broker)

Sara Hale

Will Godfrey

 

Tel: +44 (0)20 7597 5970

Financial PR

Nick Oborne

 

Tel: +44 (0)7850 127526

 

About FDM

FDM's mission is to bring people and technology together, creating and inspiring exciting careers that shape our digital future.

The Group's principal business activities involve recruiting, training and deploying its own permanent IT and business consultants (Mounties) at client sites. FDM specialises in a range of technical and business disciplines including Development, Testing, IT Service Management, Project Management Office, Data Services, Business Analysis, Business Intelligence, Cyber Security and Robotic Process Automation.

The FDM Careers Programme bridges the gap for graduates, ex-Forces and returners to work, providing them with the training and experience required to successfully launch or re-launch their career. FDM has dedicated training centres and sales operations located in London, Leeds, Glasgow, New York NY, Herndon VA, Charlotte NC, Austin TX, Toronto, Frankfurt, Singapore, Hong Kong and Sydney. FDM also operates in Ireland, France, Switzerland, Austria, Denmark, Spain, Luxembourg, the Netherlands, China and South Africa.

FDM is a strong advocate of diversity and inclusion in the workplace, with over 85 nationalities working together as a team. The UK business' Gender Pay Gap Report 2019 showed a median pay gap of -1.7%.

 


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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