Christie Group PLC Trading update and 2019 results (9943N)

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RNS Number : 9943N

Christie Group PLC

27 May 2020

27 May 2020

Christie Group plc

("Christie Group" or the "Company")

Trading Update and Publication of 2019 Results

The Board of Christie Group plc (CTG.L), the leading provider of Professional & Financial Services and Stock & Inventory Systems & Services to the hospitality, leisure, healthcare, medical, childcare & education and retail sectors, has issued the following statement:

"Christie Group plc is pleased to advise that it has accepted the offer of a CLBILS loan in the sum of GBP6 million.

The loan terms require that it is drawn down in full. The loan will be additional to existing bank facilities and cash resources.

The new loan is a precautionary and prudent measure ready to assist with working capital and operational changes in response to the disruption caused by the Covid19 pandemic as the Group's businesses re-establish more normalised trading.

Chris Day has agreed to delay his retirement from the Board of Christie Group plc and will now step down from the Board no later than 30(th) September 2020.

In line with a number of other businesses, Christie Group plc has obtained permission to delay the publication and filing of its 2019 annual results until no later than 30(th) September 2020, if required. As previously reported, the Group expect the 2019 results to be in line with market expectations."

Enquiries:

Christie Group plc

David Rugg

Chairman and Chief Executive 020 7227 0722

Dan Prickett

Chief Operating Officer 020 7227 0700

Shore Capital

Antonio Bossi / Sarah Mather

Nominated Advisor and Broker

020 7408 4090

Notes to Editors:

Christie Group plc, quoted on AIM, is a leading professional business services group with 43 offices across the UK, Europe and Canada, catering to its specialist markets in the hospitality, leisure, healthcare, medical, childcare & education and retail sectors.

Christie Group operates in two complementary business divisions: Professional & Financial Services (PFS) and Stock & Inventory Systems & Services (SISS). These divisions trade under the brand names: PFS - Christie & Co, Pinders, Christie Finance and Christie Insurance: SISS - Orridge, Venners and Vennersys.

Tracing its origins back to 1846, the Group has a long-established reputation for offering essential services to client companies in agency, valuation services, investment, consultancy, project management, multi-functional trading systems and online ticketing services, stock audit and inventory management. The diversity of these services provides a natural balance to the Group's core agency business.

For more information, please go to www.christiegroup.com.

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May 27, 2020 02:00 ET (06:00 GMT)