AGM Statement and Q1 Dividend Declaration

FRP Advisory Group PLC

26 September 2024

 

26 September 2024

FRP ADVISORY GROUP PLC

("FRP", the "Group" or the "Company")

AGM Statement and Q1 Dividend Declaration

FRP Advisory Group plc, a leading national specialist business advisory firm, is holding its Annual General Meeting today. At the meeting, Penny Judd, Non-Executive Chair, will make the following statement:

"During the last financial year to 30 April 2024, the Group made excellent progress. We delivered a further year of revenue and profit growth, demonstrating the strength of our proven strategy focused on strong organic growth, supplemented by selective acquisitions.

Encouraging performance in the new financial year (FY 2025)

As noted in our full year results announcement on 24 July 2024, activity levels across the Group in the current financial year-to-date have been encouraging.

Earlier this month, the Group announced the acquisition of Williams Ali CF Limited, our eleventh acquisition since our IPO in March 2020, in line with our strategy.

Q1 Dividend

In line with the Company's quarterly dividend policy, the Board is pleased to declare an interim dividend of 0.95p per eligible ordinary share for the first quarter of FY 2025 (Q1 2024: 0.9p). The dividend will be paid on 20 December 2024 to shareholders on the register on 22 November 2024, with the ex-dividend date being 21 November 2024.

Outlook

Trading in the year-to-date continues to be in line with the Board's expectations and the integration of our recently acquired businesses is progressing as planned. The short and medium-term outlook for our business remains positive and we are confident of continued progress.

The Company expects to announce a trading update for the six months to 31 October 2024, in mid November 2024"

Enquiries:

FRP Advisory Group plc                                                                     

Geoff Rowley, CEO

Jeremy French, COO

Gavin Jones, CFO

Enquiries via MHP

Cavendish Capital Markets Limited (Nominated Adviser and Joint Broker)

Katy Birkin/ Stephen Keys/George Lawson (Corporate Finance)

Tel: [phone]

Investec Bank plc (Joint Broker)

Carlton Nelson / James Rudd (Corporate Broking)

Tel: [phone]

MHP Group (Financial Public Relations)

Oliver Hughes

Eleni Menikou

Catherine Chapman

Tel: [phone]

[e-mail] 

Notes to Editors

FRP is a leading national specialist business advisory firm established in 2010. It offers a range of advisory services to companies, lenders, investors and other stakeholders, as well as individuals. These services include:

· Restructuring advisory: corporate financial advisory, formal insolvency appointments, informal restructuring advisory, personal insolvency and general advice to all stakeholders.

· Corporate finance: mergers & acquisitions (M&A), strategic advisory and valuations, financial due diligence, capital raising, special situations M&A and partial exits.

· Debt advisory: raising and refinancing debt, debt amendments and extensions, restructuring debt, asset based lending and corporate and leveraged debt advisory.

· Forensic services: forensic investigations, compliance and risk advisory, dispute services and forensic technology.

· Financial advisory: transaction services including financial due diligence, lender services, financial modelling, valuations, pensions and company-side advisory services. 

 

END