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ELIX Elixirr International Plc

610.00
0.00 (0.00%)
Last Updated: 08:00:23
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Elixirr International Plc LSE:ELIX London Ordinary Share GB00BLPHTX84 ORD 0.005P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 610.00 600.00 620.00 610.00 610.00 610.00 5,599 08:00:23
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Management Consulting Svcs 85.89M 17.24M 0.3732 16.35 281.74M

Elixirr International PLC Trading Update and Change to Dividend Policy (8395Y)

08/01/2024 7:00am

UK Regulatory


Elixirr (LSE:ELIX)
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TIDMELIX

RNS Number : 8395Y

Elixirr International PLC

08 January 2024

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED.

8 January 2024

ELIXIRR INTERNATIONAL PLC

Trading Update, Change to Dividend Policy and Interim Dividend

The Board of Elixirr International plc (AIM: ELIX) ("Elixirr", the "Company") the established, global, award-winning, challenger consultancy, is pleased to provide an update on trading in the year ended 31 December 2023 ("FY23"), advise shareholders of a change in dividend policy and announce an interim dividend.

Trading

Subject to audit, FY23 results are expected to be in line with market expectations with:

   -     Revenue within the guidance range of GBP85m - GBP90m 
   -     Adjusted EBITDA of approximately GBP25.4 million 
   -     Year-end cash of approximately GBP17.9 million 

Dividend Policy

In line with comparable companies, the Board has decided to declare two dividends per year, with an interim dividend payable shortly after the end of the year and a final dividend payable in August.

Interim Dividend

The Company is declaring an interim dividend (the "Dividend") of 5.3p per Ordinary Share.

The Dividend will be payable to Shareholders on the register at 19 January 2024 and has an associated ex-dividend date of 18 January 2024. The Dividend of approximately GBP2.5 million in total will be paid to Shareholders on 15 February 2024 and funded from the Company's existing cash reserves.

For further information please contact:

 
     Elixirr International plc 
      Stephen Newton, CEO 
      Graham Busby, CFO 
 
       Public and Investor Relations contacts: 
       investor-relations@elixirr.com 
 
       Cavendish Capital Markets Ltd (Nominated Adviser           +44 (0) 20 7220 
       & Joint Broker)                                            0500 
       Stephen Keys, Charlie Beeson (Corporate Finance), 
       Sunila De Silva (ECM) 
 
       Investec Bank plc (Joint Broker)                           +44 (0) 20 7597 
       Carlton Nelson, Henry Reast (Corporate Broking)            4000 
 
 

About Elixirr International plc

Elixirr is an established global award-winning management consultancy, challenging the larger consultancies by delivering innovative and bespoke solutions to a repeat, globally-recognised client base.

Elixirr was founded in 2009, by Stephen Newton, Graham Busby, Ian Ferguson, Andy Curtis and Mark Goodyear, experienced business advisors who identified a market opportunity to provide bespoke, personal services as a 'challenger' to the traditional consultancy businesses in the market. Elixirr guides its clients to overcome challenges such as: future-proofing against technological disruption; development and roll-out of innovative new propositions, products and services; incubating new businesses; navigating a more complex and multinational regulatory environment; and project management and implementation of major change programmes.

General

This announcement is for information purposes only and does not constitute or form part of any offer to issue or sell, or the solicitation of an offer to acquire, purchase or subscribe for, any securities in any jurisdiction and should not be relied upon in connection with any decision to subscribe for or acquire ordinary shares in the capital of the Company. In particular, this announcement does not constitute or form part of any offer to issue or sell, or the solicitation of an offer to acquire, purchase or subscribe for, any securities in the United States.

This announcement has been issued by, and is the sole responsibility of, the Company. No person has been authorised to give any information or to make any representations other than those contained in this announcement and, if given or made, such information or representations must not be relied on as having been authorised by the Company.

No statement in this announcement is intended to be a profit forecast or profit estimate and no statement in this announcement should be interpreted to mean that earnings per share of the Company for the current or future financial years would necessarily match or exceed the historical published earnings per share of the Company.

This announcement may include statements that are, or may be deemed to be, "forward-looking statements". These forward-looking statements can be identified by the use of forward-looking terminology, including the terms "believes", "estimates", "plans", "projects", "anticipates", "expects", "intends", "may", "will", "would" or "should" or, in each case, their negative or other variations or comparable terminology. These forward-looking statements include matters that are not historical facts. They appear in a number of places throughout this announcement and include statements regarding the directors of the current Company's intentions, beliefs or expectations concerning, among other things, the Company's results of operations, financial condition, liquidity, prospects, growth, strategies, and the Company's markets. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances. Actual results and developments could differ materially from those expressed or implied by the forward-looking statements. Forward-looking statements may and often do differ materially from actual results. Any forward-looking statements in this announcement are based on certain factors and assumptions, including the directors of the Company's current view with respect to future events and are subject to risks relating to future events and other risks, uncertainties and assumptions relating to the Company's operations, results of operations, growth strategy and liquidity. Whilst the directors of the Company consider these assumptions to be reasonable based upon information currently available, they may prove to be incorrect. Save as required by applicable law, the AIM Rules or the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority, the Company undertakes no obligation to release publicly the results of any revisions to any forward-looking statements in this announcement that may occur due to any change in the directors of the Company's expectations or to reflect events or circumstances after the date of this announcement.

Neither the content of the Company's website nor any website accessible by hyperlinks to the Company's website is incorporated in, or forms part of, this announcement.

Certain figures contained in this announcement, including financial information, have been subject to rounding adjustments. Accordingly, in certain instances, the sum or percentage change of the numbers contained in this announcement may not conform exactly with the total figure given.

All references to time in this announcement are to London time, unless otherwise stated.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

TSTUVVSRSSUARAR

(END) Dow Jones Newswires

January 08, 2024 02:00 ET (07:00 GMT)

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