Notice of Results and Pre-close Trading Update (1220L)

TIDMACS

RNS Number : 1220L

AI Claims Solutions PLC

27 July 2011

Ai Claims Solutions Plc

(AIM: ACS)

Notice of Results and Pre-close Trading Update

Ai Claims Solutions Plc ("Ai"or "the Company"), the leading ethical motor claims solution provider,

announces that its preliminary results for the year ended 30 June 2011, will be released on Tuesday

27th September 2011.

 
     As anticipated in the announcement of interim results dated 
      1 March 2011, the company is pleased to report that trading 
   profit in the financial year is in line with market expectations. 
    As has been widely reported, the insurance market has witnessed 
  a reduction in the frequency of motor accidents. This is attributed 
    to economic factors affecting motorists, including significant 
     increases in both motor insurance premiums and petrol prices. 
  Against a backdrop of a difficult UK economy, the Company continues 
     to develop new service offerings and maintains a strong focus 
                         on margins and costs. 
  The Company also notes the recent position taken by the Association 
   of British Insurers calling for a ban on the payment of referral 
     fees by solicitors to insurance companies and intermediaries 
    in relation to Personal Injury compensation claims. The Company 
      handles a small number of Personal Injury claims which have 
             an immaterial impact on its trading results. 
                                -ENDS- 
               For further information, please contact: 
                        Ai Claims Solutions Plc 
                             David Sandhu 
                            Peter Harrison 
                          Tel - 0870 889 0409 
                   Shore Capital & Corporate Limited 
                   Nominated Adviser to the Company 
                     Dru Danford / Stephane Auton 
                          Tel - 0207 468 7905 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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