AGM statement - trading update

Fairpoint Group plc / AGM Statement Fairpoint Group plc: AGM statement - trading update 09-May-2016 / 08:00 CET/CEST Dissemination of a Regulatory Announcement, transmitted by EQS Group AG. The issuer is solely responsible for the content of this announcement. 9th May 2016 Fairpoint Group plc AGM statement - trading update Fairpoint Group plc ('Fairpoint' or 'the Group'), one of the UK's leading providers of consumer professional services, announces the following update on the Group's performance for the first three months of 2016, ahead of its Annual General Meeting being held later today. Overall the Group is performing in line with management expectations during the historically quieter first three months of the year. The first half of the year is anticipated to feature: - Growth in the Legal Services division to reflect the additional contribution from the acquisition of Colemans-CTTS LLP and CT Support Services Limited ('Colemans'); - Good progress on the integration of Colemans and Simpson Millar, albeit with a quieter than anticipated start to the year in conveyancing, given housing transactions have not been as expected; - the Group's continued investment in infrastructure to enable the pursuit of acquisition opportunities to further develop the Legal Services platform; - As expected, market conditions in the Group's core debt solutions market remain challenging and focus remains on cost control. The Board anticipates providing a further update in July following the half year end, ahead of the half year results announcement scheduled in September 2016. Director succession planning John Gittins, who has been the Group's Chief Financial Officer since 2011, has indicated to the Board his desire to step down from his executive role with Fairpoint to pursue a portfolio career of non-executive positions (having been appointed to one such role last year). John will work with the Board to ensure a smooth transition to his successor and recruitment consultants have been appointed to identify suitable candidates. A further announcement will be made as and when appropriate. Enquiries please contact: Fairpoint Group Plc Chris Moat, Chief Executive Officer 0845 296 0100 John Gittins, Chief Financial Officer Shore Capital (Nomad and Broker) Mark Percy 020 7408 4090 Edward Mansfield Panmure Gordon & Co (Joint Broker) Dominic Morley 020 7866 2500 Charles Leigh-Pemberton MHP Reg Hoare 020 3128 8794 Katie Hunt 09-May-2016 The EQS Distribution Services include Regulatory Announcements as well as Financial and Media Releases. Media archive at www.dgap.de/ukreg

Language:	English
Company:	Fairpoint Group plc
	Fairclough House, Church Street
	PR7 4EX Adlington, Lancashire
	United Kingdom
Phone:	[phone]
Fax:	[phone]
E-mail:	[e-mail]
Internet:	www.fairpoint.co.uk
ISIN:	GB0032360280
WKN:	911565
Category Code:	AGM
TIDM:	FRP
Sequence Number:	3140
Time of Receipt:	09-May-2016 / 07:03 CET/CEST

End of Announcement	EQS News Service

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