Hunters Property PLC AGM Statement and Trading Update (3271Z)
17 May 2019 - 4:00PM
UK Regulatory
TIDMHUNT
RNS Number : 3271Z
Hunters Property PLC
17 May 2019
Embargoed 7.00a.m.
17 May 2019
Dissemination of a Regulatory Announcement that contains inside
information according to REGULATION (EU) No 596/2014 (MAR).
HUNTERS PROPERTY PLC
("Hunters" or the "Group")
AGM Statement and Trading Update
Hunters (AIM - HUNT), one of the UK's largest franchised sales
and lettings agency businesses, issues an AGM Statement and Trading
Update for the first four months of the year, ahead of its Annual
General Meeting to be held today at 10.00 am. The Chairman, Kevin
Hollinrake, will make the following statement:
"So far this year we have opened seven new Hunters branches
against three for the same period last year. Despite the market's
difficulties I am delighted to announce that the first half year is
expected to end slightly better than the Board anticipated which
puts us in a good position. As we approach H2 we expect some
challenges in the market due to the tenant fee ban which we have
already factored in having adopted our plans to manage the
transition. Given our strong sales profile our exposure is expected
to be less significant than predominately lettings-based
businesses. We believe that as the burden of regulation increases
the demand from independent businesses to join our Network to take
advantage of our portal discounts, technology, procurement and
training and demonstrable record of improving revenue will prove
even more compelling.
Finally, I am further delighted to announce our Customer Service
Rating has continued at 96% across both sales and lettings and we
retain a healthy pipeline of potential new franchisees seeking to
join the network. I look forward to updating you further as the
year progresses."
For more information, please contact:
Hunters Property Plc
Kevin Hollinrake, Chairman
Glynis Frew, Chief Executive Officer
Ed Jones, Chief Financial Officer 01904 756 197
SPARK Advisory Partners Limited
Mark Brady and Andrew Emmott (Nominated
Adviser) 020 3368 3551
Dowgate Capital Stockbrokers
James Serjeant (Corporate Broking) 020 3903 7715
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END
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