GB Group PLC AGM Statement (9262L)
25 July 2017 - 4:00PM
UK Regulatory
TIDMGBG
RNS Number : 9262L
GB Group PLC
25 July 2017
Embargoed until 7.00 a.m. 25 July 2017
GB GROUP PLC
("GBG" or the "Group")
AGM Statement
GBG (AIM: GBG), the Identity Data Intelligence specialist, today
provides the following statement ahead of its Annual General
Meeting, to be held today at its Chester Headquarters at 1.00 p.m.
At the AGM, Non-Executive Chairman, David Rasche will make the
following statement:
"We have made good strategic progress with the
earnings-accretive acquisition of Postcode Anywhere (Holdings)
Limited ("PCA Predict"), as well as increasing our international
presence and credentials.
Acquired in May 2017, PCA Predict is a leading provider of UK
and international address validation services, with an
easy-to-deploy SaaS platform. We are now a leader in Address Data
Intelligence, thanks to the combination of these capabilities and
our existing in-depth Identity Data Intelligence datasets. We are
pleased with the progress that PCA Predict is making, both in
respect of its performance since May and its planned integration
into GBG.
In terms of international activities, we remain focussed on
serving our customers globally. Today, a growing amount of GBG's
revenue comes from our international customer base. We have an
enviable global data reach, through access to over 400 datasets
operated through a network of more than 200 data partners. In
addition, we have in excess of 150 active fraud solutions deployed
in around 50 countries. Our activities and innovations continue to
reap rewards through new business wins, as demonstrated by the
addition in the first quarter of the year of six new financial
institutions in China investing in our application fraud detection
solution. This brings the number of Chinese financial services
customers to 46.
Our achievements and performance have also been recognised by a
number of industry and sector bodies. We were particularly pleased
that GBG won 'Best Performing Company' for Security &
Infrastructure Software at this year's Megabuyte Quoted25 awards.
Not only is this a fantastic achievement in itself, it also marks
the third year running that we've secured both a top ten slot in
Megabuyte's Quoted25 overall rankings and the highest score in the
Security & Infrastructure Software subcategory
(http://www.megabuyte-awards.com).
Our strong performance in the year to 31 March 2017, along with
confidence in our future prospects, means that we can maintain our
progressive dividend policy this year. We are submitting for
shareholder approval at today's AGM a proposed final dividend of
2.35p per share. This represents a 13% increase on last year.
Our successes put us in a strong position, and we want to make
sure we continue on this path in future. The Board is committed to
delivering sustainable growth and building value for our
stakeholders. We believe it is important to be responsive to the
increasing global demand for identity data intelligence - which we
are doing both through acquisition and investment in product
development. The Board reports that trading is progressing in line
with management expectations.
Finally, I would like to thank my colleagues on the Board for
their excellent and constructive input; the senior management team
for their considerable effort; and to all our people, in all our
offices across the world, for their hard work and dedication."
- Ends -
For further information, please contact:
GBG
Chris Clark, CEO
Dave Wilson, Group Finance Director
& Operations Director 01244 657333
Peel Hunt LLP (Nominated Adviser
and Broker) 020 7418
Richard Kauffer 8900
Newgate
Bob Huxford 020 7653
Ed Treadwell 9850
Website www.gbgplc.com
About GBG
GBG is a global specialist in Identity Data Intelligence. We
help organisations make decisions about the customers they serve
and the people they employ.
Through our fundamental belief that the digital economy relies
on everyone having access to data they can trust, GBG enables
companies and governments to fight fraud and cybercrime, to improve
the customer experience and help to protect the more vulnerable
people in our society.
Headquartered in Chester (UK) and with people in 17 countries,
GBG provides solutions to many of the world's biggest
organisations, from established brands like HSBC and Zurich
Insurance to disruptive newcomers such as Xpress Money and
Stripe.
Find out more about how we use identity intelligently by
visiting www.gbgplc.com, following us on Twitter @gbgplc and
reading our newsroom: www.gbgplc.com/uk/newsroom
This information is provided by RNS
The company news service from the London Stock Exchange
END
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