AGM Trading Update

RNS Number : 8806B

Anexo Group PLC

12 June 2019

 

For immediate release

12 June 2019

Anexo Group plc

('Anexo' or the 'Group')

AGM Trading Update

Anexo Group plc (AIM: ANX), the specialist integrated credit hire and legal services provider, is pleased to provide the following Trading Update ahead of its Annual General Meeting, to be held at 12 noon today.

The Board is pleased to announce that overall trading within the Group remains strong and, as a result, it anticipates that profit before tax for the year ending 31 December 2019 will be ahead of current market expectations of £18.1 million. A further update will be provided when the Group reports its interim results in September 2019.

Integration of the new regional office for Bond Turner, the Group's legal services division, which is located in Bolton and which became operational on 3 December 2018, has progressed at a faster rate than originally expected. The Group continues to actively recruit new staff to its team of solicitors and other litigation specialists allowing the Group to process an increasing volume of cases.

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For further enquiries:

Anexo Group plc	[phone] www.anexo-group.com
Alan Sellers, Executive Chairman Mark Bringloe, Chief Financial Officer Nick Dashwood Brown, Head of Investor Relations
Arden Partners plc (Nominated Adviser and Broker)
John Llewellyn-Lloyd / Benjamin Cryer (Corporate) Fraser Marshall (Equity sales)	[phone] www.arden-partners.co.uk
Buchanan (Financial Communications)
Henry Harrison-Topham / Steph Watson	[phone] [e-mail]

Notes to Editors:

Anexo is a specialist integrated credit hire and legal services provider.  The Group has created a unique business model by combining a direct capture Credit Hire business with a wholly owned Legal Services firm.  The integrated business targets the impecunious not at fault motorist, referring to those who do not have the financial means or access to a replacement vehicle.

Through its dedicated Credit Hire sales team and network of 1,100 plus active referrers around the UK, Anexo provides customers with an end-to-end service including the provision of Credit Hire vehicles, assistance with repair and recovery, and claims management services.  The Group's Legal Services division, Bond Turner, provides the legal support to maximise the recovery of costs through settlement or court action as well as the processing of any associated personal injury claim.

The Group was admitted to trading on AIM in June 2018 with the ticker ANX.

For additional information please visit: www.anexo-group.com

 

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