Anexo Group PLC AGM Trading Update (8806B)
12 June 2019 - 4:00PM
UK Regulatory
TIDMANX
RNS Number : 8806B
Anexo Group PLC
12 June 2019
For immediate release 12 June 2019
Anexo Group plc
('Anexo' or the 'Group')
AGM Trading Update
Anexo Group plc (AIM: ANX), the specialist integrated credit
hire and legal services provider, is pleased to provide the
following Trading Update ahead of its Annual General Meeting, to be
held at 12 noon today.
The Board is pleased to announce that overall trading within the
Group remains strong and, as a result, it anticipates that profit
before tax for the year ending 31 December 2019 will be ahead of
current market expectations of GBP18.1 million. A further update
will be provided when the Group reports its interim results in
September 2019.
Integration of the new regional office for Bond Turner, the
Group's legal services division, which is located in Bolton and
which became operational on 3 December 2018, has progressed at a
faster rate than originally expected. The Group continues to
actively recruit new staff to its team of solicitors and other
litigation specialists allowing the Group to process an increasing
volume of cases.
- Ends -
For further enquiries:
Anexo Group plc +44 (0) 151 227 3008
www.anexo-group.com
Alan Sellers, Executive Chairman
Mark Bringloe, Chief Financial Officer
Nick Dashwood Brown, Head of Investor
Relations
Arden Partners plc
(Nominated Adviser and Broker)
John Llewellyn-Lloyd / Benjamin Cryer +44 (0) 20 7614 5900
(Corporate) www.arden-partners.co.uk
Fraser Marshall (Equity sales)
Buchanan
(Financial Communications)
Henry Harrison-Topham / Steph Watson +44 (0) 20 7466 5000
Anexo@buchanan.uk.com
Notes to Editors:
Anexo is a specialist integrated credit hire and legal services
provider. The Group has created a unique business model by
combining a direct capture Credit Hire business with a wholly owned
Legal Services firm. The integrated business targets the
impecunious not at fault motorist, referring to those who do not
have the financial means or access to a replacement vehicle.
Through its dedicated Credit Hire sales team and network of
1,100 plus active referrers around the UK, Anexo provides customers
with an end-to-end service including the provision of Credit Hire
vehicles, assistance with repair and recovery, and claims
management services. The Group's Legal Services division, Bond
Turner, provides the legal support to maximise the recovery of
costs through settlement or court action as well as the processing
of any associated personal injury claim.
The Group was admitted to trading on AIM in June 2018 with the
ticker ANX.
For additional information please visit: www.anexo-group.com
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END
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