Notice of Results and Pre-close Trading Update (1220L)
July 27 2011 - 2:00AM
UK Regulatory
TIDMACS
RNS Number : 1220L
AI Claims Solutions PLC
27 July 2011
Ai Claims Solutions Plc
(AIM: ACS)
Notice of Results and Pre-close Trading Update
Ai Claims Solutions Plc ("Ai"or "the Company"), the leading
ethical motor claims solution provider,
announces that its preliminary results for the year ended 30
June 2011, will be released on Tuesday
27th September 2011.
As anticipated in the announcement of interim results dated
1 March 2011, the company is pleased to report that trading
profit in the financial year is in line with market expectations.
As has been widely reported, the insurance market has witnessed
a reduction in the frequency of motor accidents. This is attributed
to economic factors affecting motorists, including significant
increases in both motor insurance premiums and petrol prices.
Against a backdrop of a difficult UK economy, the Company continues
to develop new service offerings and maintains a strong focus
on margins and costs.
The Company also notes the recent position taken by the Association
of British Insurers calling for a ban on the payment of referral
fees by solicitors to insurance companies and intermediaries
in relation to Personal Injury compensation claims. The Company
handles a small number of Personal Injury claims which have
an immaterial impact on its trading results.
-ENDS-
For further information, please contact:
Ai Claims Solutions Plc
David Sandhu
Peter Harrison
Tel - 0870 889 0409
Shore Capital & Corporate Limited
Nominated Adviser to the Company
Dru Danford / Stephane Auton
Tel - 0207 468 7905
This information is provided by RNS
The company news service from the London Stock Exchange
END
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