Redde Plc AGM Statement
24 October 2018 - 5:00PM
UK Regulatory
TIDMREDD
* News Release *
Issue Date: 24 October 2018
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 23 October
2018. Unless otherwise stated, the financial and operational data, where
identified, relates to the 3 month period that ended on 30 September 2018.
Dividends
Shareholders are being asked today to approve a final dividend of 6.15 pence
per share, amounting to GBP18.8m which, if approved, will be paid on Thursday 8
November 2018 to those shareholders who were on the register at the close of
business on Friday 5 October 2018. This dividend, if approved, will result in
total Ordinary Dividends in respect of the year ended 30 June 2018 amounting to
11.65 pence per share totalling GBP35.5m in aggregate and will result in the
payment of our fourteenth consecutive dividend since June 2013. Payments since
that date will amount to GBP140.4m representing 49.65p per share.
Current Trading
The positive start to the new financial year, which I described in my statement
of 5 September 2018, has continued since that date. Sales show an increase over
the corresponding period last year reflecting 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 continues to regard the outlook for the financial year as positive.
Enquiries
Redde plc Tel: 01225 321134
Martin Ward - Chief Executive Officer
Steve Oakley - Chief Financial Officer
Cenkos Securities plc (Nominated Adviser and Joint Tel: 0207 397 8900
Broker)
Mark Connelly
Harry Hargreaves
N+1 Singer Capital Markets Limited (Joint Broker) Tel: 0207 496 3000
Mark Taylor
Square1 Consulting Tel: 0207 929 5599
David Bick
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, clinical negligence and employer and public
liability law advice.
The name Redde is associated, in Latin, with the concept of restoration.
**Ends**
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