AGM Statement

RNS Number : 8357O

GB Group PLC

12 August 2014

 



Embargoed until 7.00 a.m.

12 August 2014

GB GROUP PLC

("GBGroup", "GBG" or the "Group")

AGM Statement

GBGroup, the identity intelligence specialist, will be holding its Annual General Meeting today.  At the meeting, the Group's Chairman, David Rasche, will provide the following statement: 

"The Board is pleased to report that we have enjoyed another strong start to the financial year, driven by continued growth in the demand for our identity intelligence services both in the UK and globally. The strategic acquisition of DecTech, announced on 24 April 2014, has brought greater scale, technical capability and geographical reach and is already showing tangible benefits to the Group.  We have been very pleased by the success of the integration of the business to date and by the pipeline of new business.

The Board is confident that the Group will continue to grow throughout the year and deliver increased value to both our clients and shareholders. Our priorities for the year are the continued internationalisation of our product portfolio, making sure that we continue to invest wisely and improving our margins. The Board is pleased with the success achieved in the year to date and is confident that GBGroup will deliver another year of positive progress.

Cash balances at the end of July were £9.7 million.

The Group expects to announce its half year results for the six months ended 30 September 2014 in late November 2014.

As announced on 2 July 2014, I am pleased to confirm that the Board has recommended the payment of an increased final dividend of 1.65p per share which is 10% higher than the previous year.  This will be submitted for formal approval at the AGM today.

Finally, we greatly appreciate the continued support of all of our shareholders.  The Board and the Group's dedicated team of managers and employees look forward to the year ahead being one of significant growth, opportunities and progress."

- Ends -

For further information, please contact:

GB Group plc Richard Law, Chief Executive Dave Wilson, Group Finance Director & Operations Director	01244 657333
Peel Hunt LLP (Nominated Adviser and Broker) Richard Kauffer Daniel Harris	020 7418 8900
Newgate Threadneedle Caroline Forde Josh Royston Heather Armstrong	020 7653 9850
Website	www.gbgplc.com

About GBGroup

The most profitable and successful organisations recognise the value of understanding the individual identity of their customers and employees. GBG combines this concept of identity with technology to create an environment of trust, so that organisations can employ people and connect, communicate and transact with consumers, safely and responsibly.

We call this Identity Intelligence.

GBG's solutions include:

Register & Verify  -  International software and services for quick and accurate customer registration; prevention and detection of fraud and the verification of identities of individuals & businesses remotely.

Cleanse & Engage - Innovative software and services which provide accurate and up-to-date identity information to deliver improved intelligent customer contact strategies.

Employ & Comply - Thorough background checks through online verification and authentication of individuals enabling organisations to safeguard, recruit and engage with confidence.

Trace & Investigate - Leading software and services which provide the most accurate and up-to-date picture of the UK's population, properties and businesses to quickly locate, investigate and contact the right individual, first time.

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

 

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