AGM Statement

RNS Number : 1585H

GB Group PLC

09 July 2012

 

9 July 2012

GB GROUP PLC

("GB Group" or the "Group")

AGM Statement

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

"The Group has made good progress in the first quarter of the financial year, demonstrating strong year on year growth, and continues to perform well.

Our DataAuthentication division, which provides the electronic ID verification component of GB Group's identity management offerings, continues to grow, benefiting from new client additions as a result of both the enrichment of its solutions and the increasing demand for electronic identity verification solutions.

Our DataSolutions division, which provides the remaining three of GB Group's identity management offerings, ID Customer Registration; ID Tracing; and ID Marketing Services, is well positioned to address the opportunities in its markets and continues to grow both organically and as a result of the acquisitions made over the last 12 months.

As previously reported at the time of the final results in May 2012, our three acquisitions made during the last financial year have been successfully integrated into the business and continue to trade in line with our expectations.

The Board remains confident that GB Group will perform strongly this year and will continue to develop strategically, providing continued value to both our shareholders and clients."

The Group expects to announce its half year results for the six months ended 30 September 2012 at the end of November 2012.

For further information, please contact:

GB Group plc	01244 657333
John Constantin, Company Secretary
Peel Hunt LLP (Nominated Adviser and Broker)	020 7418 8900
Richard Kauffer
Daniel Harris
Newgate Threadneedle	020 7653 9850
Caroline Evans-Jones
Heather Armstrong
Website	www.gb.co.uk

Editors' Notes

Who are GB Group

The most successful organisations recognise the value of understanding your individual identity - who you are, what you need and what you like. GB 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 under age content, 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-date identity 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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