Redde Plc AGM Statement

 
TIDMREDD 
 
* News Release * 
 
Issue Date: 25 October 2017 
 
                                   Redde plc 
 
                                   ('Group') 
 
                          AGM Statement and Dividend 
 
At today's AGM, Avril Palmer-Baunack, chairman of Redde plc will be making the 
following statement regarding dividends and by way of an update on current 
trading of the business in respect of the period from 1 July to 24 October 
2017. Unless otherwise stated, the financial and operational data, where 
identified, relates to the 3 month period that ended on 30 September 2017. 
 
Dividends 
 
Shareholders are being asked today to approve a final dividend of 5.60 pence 
per share, amounting to GBP17.0m which, if approved, will be paid on Thursday 2 
November 2017 to those shareholders who were on the register at the close of 
business on Friday 6 October 2017. This dividend, if approved, will result in 
total Ordinary Dividends in respect of the year ended 30 June 2017 amounting to 
10.60 pence per share totalling GBP32.2m in aggregate and will result in the 
payment of our twelfth consecutive dividend since June 2013. Payments since 
that date will amount to GBP105m representing 38p per share. 
 
Current Trading 
 
The positive start to the new financial year, which I described in my statement 
of 6 September 2017, has continued since that date. Sales show an increase over 
the corresponding period last year reflecting continued growth in trading 
volumes and, as a consequence, trading profits are ahead of the corresponding 
period last year. Early indications are that this trend has continued during 
October and the Board remains confident about the Group's prospects for the 
financial year as a whole. 
 
Enquiries 
 
              Redde plc                                              Tel: [phone] 
 
              Martin Ward - Chief Executive Officer 
 
              Steve Oakley - Chief Financial Officer 
 
              Cenkos Securities plc (Nominated Adviser and Joint     Tel: [phone] 
              Broker) 
 
              Liz Bowman 
 
              N+1 Singer Capital Markets Limited (Joint Broker)      Tel: [phone] 
 
             Mark Taylor 
 
             Square1 Consulting                                      Tel: [phone] 
 
             David Bick 
 
 
Notes for editors: 
 
About Redde plc: 
 
Founded in 1992 and working predominantly with insurance companies, insurance 
brokers, prestige motor dealerships, and large national fleet owners the Group 
provides a range of accident management, incident management and legal 
services. 
 
The Group is one of the market leaders in its fields of business; it delivers 
accident management solutions to motorists ensuring that they remain 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. Legal services also include 
wills and probate, family law and employment law advice. 
 
The name Redde is associated, in Latin, with the concept of restoration. 
 
**Ends** 
 
 
 
END 
 

(END) Dow Jones Newswires

October 25, 2017 02:00 ET (06:00 GMT)