• News Release
•
Issue Date: Thursday 15 December
2016
Redde plc (‘Redde’
or ‘Group’)
Trading Update
Current Trading
The Redde Board is pleased to announce that the Group’s strong
start to the year that we referred to in our announcements on 1
September and 27 October 2016 has
continued through into December.
Sales continue to show an increase over the corresponding period
last year reflecting both organic growth and the effect of the
acquisition of FMG on 27 October
2015. As a consequence, trading profits remain ahead of our
own expectations and the corresponding period last year.
Results for the 6 months to
31 December 2016 and Interim
Dividend
The Board expects to announce the results for the 6 months to
31 December 2016 at the end of
February 2017.
Based upon trading to date the Board would expect to declare at
that time an interim dividend of not less than 4.90 pence per share for the year ending
30 June 2017. This would compare to
an interim dividend of 4.50 pence in
respect of the financial year ended 30 June
2016 and would represent an increase of 8.9%.
For further information,
contact: |
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Redde plc |
Tel: 01225 321134 |
Martin Ward, Chief Executive
Officer |
|
Stephen Oakley, Chief Financial
Officer |
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Cenkos Securities plc
(Nominated Adviser and Joint Broker) |
Tel: 0207 397 8925 |
Elizabeth Bowman |
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N+1 Singer Capital Markets
Limited (Joint Broker) |
Tel: 0207 496
3000 |
Nic Hellyer |
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Square1 Consulting |
Tel: 0207 929 5599 |
David Bick |
|
Brian Alexander |
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Notes for
Editors:
About Redde plc:
Founded in 1992 and working predominantly with insurance
companies, insurance brokers and prestige motor dealerships, the
Group provides a range of accident management and legal services.
The Group also deals directly with large national fleets providing
incident management and mobility continuity and the Group's
activities also encompass a range of legal services designed to
assist claimant parties in partnership with leading insurance
companies, brokers and other bodies.
The Group is one of the market leaders in its fields of
business; it delivers accident management solutions to motorists
ensuring that they remained mobile until their own vehicles are
repaired or until they are put in a position to obtain a
replacement and it provides legal services ensuring that they are
properly compensated for their injuries and losses.
The name Redde is associated, in Latin, with the concept of
restoration.