Redde Plc Trading Update

 
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: [phone] 
 
Martin Ward, Chief Executive Officer 
 
Stephen Oakley, Chief Financial Officer 
 
Cenkos Securities plc (Nominated Adviser and      Tel: [phone] 
Joint Broker) 
 
Elizabeth Bowman 
 
N+1 Singer Capital Markets Limited (Joint Broker) Tel: [phone] 
 
Nic Hellyer 
 
Square1 Consulting                                Tel: [phone] 
 
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 
 

(END) Dow Jones Newswires

December 15, 2016 02:00 ET (07:00 GMT)