3 March 2025
Ramsdens Holdings
PLC
("Ramsdens", the "Group", the "Company")
AGM Business
Update
Ramsdens Holdings PLC, the diversified financial services
provider and retailer, provides an update ahead of the
Group's Annual General Meeting (AGM) at
11:00am today which will be held at Unit 16 Falcon Court, Preston
Farm Industrial Estate, Stockton on Tees.
Trading Update
The
Group has continued to trade well across its key income streams
during the first five months of the financial year from 1 October
2024 to 28 February 2025, with the purchase of precious metals
segment continuing to benefit from the strong gold
price.
The
Group intends to announce a Trading Update for the six months ended
31 March 2025 in April 2025.
Board
Changes
As
announced on 23 May, Andrew (Andy) Meehan, who has been
Non-Executive Chair of the Group since September 2014, is not
seeking re-election at today's AGM and will retire from the Board
at the conclusion of the meeting. Andy will be succeeded by Simon
Herrick, currently the Group's Senior Independent
Director.
The
Board would like to reiterate its thanks to Andy for his invaluable
contributions to the Company over the last 10 years, overseeing the
Group's journey growing from a family-owned business and through PE
ownership, to an AIM listed business with profits of over £11m. The
Board looks forward to welcoming Simon into the Non-Executive Chair
role as the Group executes its growth strategy to create value for
all stakeholders.
Following the AGM, Karen Ingham and Chris Muir, both
Non-Executive Directors, will be appointed Chair of the
Remuneration Committee and Audit & Risk Committee
respectively.
ENDS
Enquiries:
Ramsdens Holdings
PLC
Tel: +44 (0) 1642 579957
Peter Kenyon, CEO
Martin Clyburn, CFO
Panmure Liberum Limited
(Nominated Adviser and Broker)
Tel: +44 (0) 20 3100 2000
Richard Lindley
Will King
Hudson Sandler
(Financial PR)
Tel: +44 (0) 20 7796 4133
Alex Brennan
Lucy Wollam-Coles
Emily Brooker
About Ramsdens
Ramsdens is a growing, diversified,
financial services provider and retailer, operating in the four
core business segments of foreign currency exchange, pawnbroking
loans, precious metals buying and selling and retailing of second
hand and new jewellery. Ramsdens does not offer unsecured
high-cost short term credit.
Headquartered on Teesside, the Group
operates from 169 stores within the UK (including one franchised
store) and has a growing online presence.
Ramsdens is fully FCA authorised for
its pawnbroking and credit broking activities and as an authorised
payment institution.
www.ramsdensplc.com
www.ramsdensjewellery.co.uk
www.ramsdenscurrency.co.uk
www.ramsdenspawnbrokers.co.uk
