Redde Plc Trading Update
15 December 2016 - 6:00PM
UK Regulatory
TIDMREDD
* 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:
Redde plc Tel: 01225 321134
Martin Ward, Chief Executive Officer
Stephen Oakley, Chief Financial Officer
Cenkos Securities plc (Nominated Adviser and Tel: 0207 397 8925
Joint Broker)
Elizabeth Bowman
N+1 Singer Capital Markets Limited (Joint Broker) Tel: 0207 496 3000
Nic Hellyer
Square1 Consulting Tel: 0207 929 5599
David Bick
Brian Alexander
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.
END
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