AGM Statement

RNS Number : 2291L

GB Group PLC

28 July 2011

 



Embargoed until 7.00 a.m.

28 July 2011

GB Group plc

(the "Company" or "GB Group")

AGM Statement

GB Group Plc, the identity management specialist, will be holding its Annual General Meeting today. At the meeting, Chairman, David Rasche, will provide the following statement:

"The Company continues to make good progress in the first four months of the financial year with the Group performing well against our expectations, delivering both organic and acquisitive growth.

DataAuthentication, GB Group's identity verification business, continues to benefit from new customers and increased business from newly introduced software and services.

DataSolutions, GB Group's provider of identity based marketing services, has invested in sales resources and product differentiation and we are confident that it is well positioned to address its developing markets.

The recent acquisition of DataDiscoveries is being integrated and continues to meet our expectations at the time of its acquisition.

In addition, we have today announced the acquisition of Advanced Services Checking Ltd ("ACS"), a business involved in driving licence checking, for the purpose of compliance with health & safety and corporate manslaughter legislation, which will complement our products and services in DataAuthentication.  A separate announcement in relation to this acquisition was released this morning.

We continue to seek other development and acquisition opportunities, concentrating on our core competence of identity management.

The Board remains confident that GB Group will perform in line with expectations this year and with GB's end markets linked to a growing emphasis on online identity for enterprise needs, we believe that long term trends favour the Group."

The Group will be announcing its half year results for the six months ended 30 September 2011 on 30 November 2011.

- Ends -

For further information, please contact:

GB Group plc                                                                                                         01244 657333

Richard Law, Chief Executive

Dave Wilson, Finance Director

Peel Hunt (Nominated Adviser and Broker)                                                  020 7418 8900

Richard Kauffer

Daniel Harris

Weber Shandwick Financial                                                                               020 7067 0700

Nick Oborne

John Moriarty

Website:                                                                                                               www.gb.co.uk

Notes to Editors

About GB Group plc

The most successful organisations recognise the value of understanding your individual identity - who you are, what you need and what you like. GB Group combines this concept of identity with technology to create an environment of trust so that organisations can connect, communicate and transact with consumers safely, responsibly and profitably. We call this Identity Management.

GB Group has four complementary Identity Management offerings:

·      ID Verification - which provides the ability to verify consumers' identities remotely without the physical presentation of documentation, in order to combat ID fraud, money laundering and restrict access to age- related purchases and gambling

·      ID Customer Registration - which includes software and services for quick and accurate customer registration and validation of records

·      ID Marketing Services - which provides database services so our clients can better understand, target and retain their customers and offers accurate and up-to-dateidentity information for their contact strategies

·      ID Tracing Services - which provides the largest and most accurate picture of the UK's population and properties in order to locate and contact the right individual, first time. 

This enables our clients to make informed business decisions based on a thorough knowledge of consumer identity and behaviour, leading to more effective communication and interaction with the customer.

GB Group is listed on the London Stock Exchange (GBG). For more information, please visit GB Group's website: www.gb.co.uk.

GB Group - because identity matters® 

 

END

 

 

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