AGM Statement

RNS Number : 0258T

RM PLC

23 March 2016

 

23^rd March 2016

RM plc

Annual General Meeting Statement

At the AGM of RM plc, the educational IT and resources group ("RM"), to be held today at 11.30am, John Poulter, Chairman, will make the following statement:

"The UK market for educational products and services remains subdued.  Trading in the first quarter has been consistent with the Board's expectations, taking into account the usual seasonal pattern of demand.

Cash and short-term deposits as at 29^th February were £34.4m.  This is after an £8m cash payment into the RM defined benefit pension scheme as agreed as part of the triennial valuation deficit recovery plan announced in December 2015.

In the light of the strong performance of the business in 2015, the Board is recommending a final dividend of 3.80 pence per share which would constitute, at 5.00 pence in total, an increase of 25% over the prior year."

Contacts:

RM plc                                                                         08450 700300

David Brooks, Chief Executive Officer

Neil Martin, Chief Financial Officer

Greg Davidson, Company Secretary

FTI Consulting                                                 020 3727 1000

Chris Lane / Danny Wong

The RM plc group comprises the following divisions:

RM Resources

The RM Resources Division consists of the operating business TTS.  TTS is a leading provider of physical resources to UK schools, with over 19,000 product lines and an established leadership position in Primary and Early Years age groups.

RM Results

The RM Results business provides IT software and services to enable onscreen exam marking (e-marking), onscreen testing (e-testing) and the management and analysis of educational data. Its customers include government ministries, exam boards and professional awarding bodies in the UK and around the world.

RM Education

RM Education is a UK focused business supplying IT software, services and hardware to schools and colleges.

 

END

 

 

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