Parity Group PLC AGM Statement (0694O)

TIDMPTY

RNS Number : 0694O

Parity Group PLC

08 June 2022

8 June 2022

Parity Group plc

(the "Company" or the "Group")

AGM Statement

Parity Group plc (AIM: PTY), the data and technology-focussed recruitment and professional services company, announces that at the Company's Annual General Meeting ("AGM") being held at 12 p.m. today, Mark Braund, the Company's Executive Chairman, will make the following statement:

"During the Company's recent presentation, on 27th April 2022, of its results for the year ended 31st December 2021, we highlighted that the first half of 2022 was about identifying and building new business opportunities.

As a result of the reduction in costs in 2021, we have had scope to make investments in building capability in areas where the market is stronger and where we can deliver on new business opportunities in H2:

-- In H1 we established a new team dedicated to Permanent Recruitment and can evidence both early success with placements and a rapidly growing pipeline;

-- Within the private sector, we have added four new revenue generating clients since the start of the year and have focused our marketing initiatives on developing more private sector relationships and revenue; and

-- Our core market in the public sector has not been overlooked and we are focused on expanding our reach within this area by winning places on new frameworks, adding four new local government frameworks within the last two months.

Over the last 12 months, we have changed the direction of the business and now have momentum that we are confident can be transformed into improved financial returns as we move forward."

 
 Contacts 
 
 Parity Group plc                             Tel: + 44 (0) 20 8171 
                                               1729 
 
 Mark Braund, Executive Chairman              www.parity.net 
 Mike Johns, Chief Financial Officer 
 
 Allenby Capital Limited (Nominated Adviser   Tel: [phone] 
  and Broker)                                  5656 
 
 David Hart / Freddie Wooding (Corporate 
  Finance) 
 Tony Quirke (Sales and Corporate Broking) 
 

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June 08, 2022 02:00 ET (06:00 GMT)