BCA Marketplace PLC AGM Statement (0437Q)
September 07 2017 - 2:00AM
UK Regulatory
TIDMBCA
RNS Number : 0437Q
BCA Marketplace PLC
07 September 2017
7 September 2017
BCA Marketplace plc
("BCA" or the "Company")
AGM Statement
BCA Marketplace plc, which provides customer centric solutions
across the automotive value chain, fueling the largest used vehicle
remarketing exchange in the UK and Europe, is pleased to provide
the following update prior to its Annual General Meeting to be held
at 9.30am today at the offices of Berwin Leighton Paisner LLP,
Adelaide House, London Bridge, London EC4R 9HA.
The Board is pleased to report that the Company continues to
trade and grow in line with our strategy, growth and financial
expectations. The Board remains confident about the Group's
prospects for the financial year as a whole and its strategic
development plans for the future.
The core auction related Vehicle Remarketing division continues
to trade well and enhance its market leading position by focusing
on a professional and efficient operational delivery and a growing
portfolio of digital products which are driving growth in both the
physical and online channels.
Our Vehicle Buying division, led by the Webuyanycar brand, is
the clear market leader in its sector and continues to demonstrate
its position as the car buying company of choice for consumers
which is delivering sustained double digit volume growth and high
Trustpilot ratings.
The Automotive Services division is growing in line with our
plans. We have recently appointed Ian Carlisle as CEO of this
division. Ian is an experienced leader, with a broad career across
a number of complex service industries at a senior board level,
including Marks and Spencer, Autoglass and Homeserve. Ian will lead
the next phase in the development of the Division as we progress to
offer customers fully integrated solutions for all their automotive
needs.
In line with our strategy to grow our digital and online
capabilities and product offering, we are pleased to announce the
appointment of Jonny Crowe, who joined the Group as Chief Digital
Officer on 1 September 2017. Jonny will be responsible for all of
our IT, data, digital and online systems and products. He is an
extremely experienced internet and media executive, most recently
as an adviser to Apax Partners and prior to that in a number of
roles including CEO of Grupa Onet, Pl SA, Chief Digital Officer of
Ringier Axel Springer, COO Europe of Naspers. He was also a founder
of the EU arm of US incubator idealab.
Shareholders are being asked today to approve a final dividend
of 4.55 pence per ordinary share, which if approved, will be paid
on 29 September 2017 to those shareholders on the Register at the
close of business on 15 September 2017. If approved, this will
result in a total dividend of 6.75 pence per share for the
financial year ending 2 April 2017.
The Board is also pleased to confirm that it is well advanced in
the process to transfer the listing category of its ordinary shares
from a Standard Listing to a Premium Listing on the Official List
of the UK Listing Authority ("UKLA") and, subject to the approval
of the UKLA, anticipates announcing its notification of intention
to transfer in the coming weeks.
Enquiries:
Square1 Consulting (Financial PR) +44 (0)20 7929 5599
David Bick
BCA Marketplace plc (Investor Relations)
Tim Richmond tim.richmond@bca.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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