• News Release
•
Issue Date: 25 October 2017
Redde plc
('Group’)
AGM Statement and
Dividend
At today’s AGM, Avril
Palmer-Baunack, chairman of Redde plc will be making the
following statement regarding dividends and by way of an update on
current trading of the business in respect of the period from 1
July to 24 October 2017. Unless
otherwise stated, the financial and operational data, where
identified, relates to the 3 month period that ended on
30 September 2017.
Dividends
Shareholders are being asked today to approve a final dividend
of 5.60 pence per share, amounting to
£17.0m which, if approved, will be paid on Thursday 2 November 2017 to those shareholders who were on
the register at the close of business on Friday 6 October 2017. This dividend, if approved, will
result in total Ordinary Dividends in respect of the year ended
30 June 2017 amounting to
10.60 pence per share totalling
£32.2m in aggregate and will result in the payment of our twelfth
consecutive dividend since June 2013.
Payments since that date will amount to £105m representing 38p per
share.
Current Trading
The positive start to the new financial year, which I described
in my statement of 6 September 2017,
has continued since that date. Sales show an increase over the
corresponding period last year reflecting continued growth in
trading volumes and, as a consequence, trading profits are ahead of
the corresponding period last year. Early indications are that this
trend has continued during October and the Board remains confident
about the Group’s prospects for the financial year as a whole.
Enquiries |
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Redde plc |
Tel: 01225 321134 |
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Martin Ward – Chief
Executive Officer |
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Steve Oakley – Chief
Financial Officer |
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Cenkos Securities
plc (Nominated Adviser and Joint Broker) |
Tel: 0207 397 8900 |
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Liz Bowman |
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N+1 Singer Capital
Markets Limited (Joint Broker) |
Tel: 0207 496
3000 |
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Mark Taylor |
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Square1
Consulting |
Tel: 0207 929
5599 |
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David Bick |
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Notes for
editors:
About Redde plc:
Founded in 1992 and working predominantly with insurance
companies, insurance brokers, prestige motor dealerships, and large
national fleet owners the Group provides a range of accident
management, incident management and legal services.
The Group is one of the market leaders in its fields of
business; it delivers accident management solutions to motorists
ensuring that they remain 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. Legal services
also include wills and probate, family law and employment law
advice.
The name Redde is associated, in Latin, with the concept of
restoration.
**Ends**