RTC Group PLC AGM Statement (9112K)
April 22 2015 - 2:00AM
UK Regulatory
TIDMRTC
RNS Number : 9112K
RTC Group PLC
22 April 2015
RTC Group Plc (or the "Company" or "the Group")
AGM statement
RTC will hold its Annual General Meeting at 12 noon today. At
the meeting Bill Douie, Chairman of RTC, will make the following
statement:
"I am pleased to report that the Group has traded well since the
publication of the 2014 results in March and we continue to
experience strong demand from both new and existing customers.
Ganymede's mobilisation to provide contingent labour services to
Network Rail Infrastructure Limited for the next five years is well
underway and we are currently investing in the ongoing increased
level of resources required to deliver the additional volume and
enable Ganymede to perform at the service level agreed with Network
Rail. Volumes are expected to increase significantly after 18 May
2015 (the end of the mobilisation period) and we therefore
anticipate the positive impact of this contract will become
apparent in our second half figures. All Ganymede businesses are
performing to our expectations.
The significant investment in headcount in ATA towards the end
of 2014 is settling in well and we expect to see the positive
impact of this in the second half of the year.
GSS continues to support NATO operations in Afghanistan through
its contract with Kellogg, Brown, Root (KBR) and has now secured a
number of smaller additional contracts with KBR in both Afghanistan
and Iraq. The business is continuing its discussions with a range
of clients to provide workforce solutions on a range of
non-military opportunities.
The Derby Conference Centre has made a good start to the year
with activity in line with the previous year and expectations.
Cash generation has continued to be strong and has facilitated
the purchase of own shares by the Company to enable it to implement
its long term strategic reward programme to incentivise key
employees as the Group enters the next phase of its exciting growth
plan. To that end I am pleased to confirm the Group has now
established an Employee Benefit Trust, set up for the purpose of
granting options to key employees both currently employed and in
the future.
Whilst it is still early in the current financial year, trading
remains positive and the Board is confident the Group will meet
market expectations for 2015."
ENDS
Enquiries:
RTC Group plc
Bill Douie, Executive Chairman
Andy Pendlebury, CEO Tel: 01332 861
Sarah Dye, Group Finance Director 844
Tel: 07766 505
402
WH Ireland (Nominated Adviser and Broker) Tel: 0113 394
Andrew Kitchingman / Liam Gribben 6600
About RTC
RTC has three principal trading subsidiaries engaged in the
recruitment of human capital resources and the provision of managed
services.
ATA is one of the UK's leading engineering and technical
recruitment consultancies. Supplying white and blue collar
engineering and technical staff to a broad range of SME clients and
vertical markets.
Ganymede is focussed on the supply and operation of blue collar
contingent labour into safety critical markets.
Global Staffing Solutions predominantly provides managed service
solutions for international clients.
www.rtcgroupplc.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
END
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