AGM Statement

RNS Number : 7346P

1PM PLC

07 October 2011

 



1PM PLC

(AIM: OPM)

AGM Statement

1pm plc ("1pm" or "the Company"), the specialist provider of lease asset finance to the SME sector, is holding its Annual General Meeting ("AGM") at The Francis Hotel, Queens Square, Bath BA1 2HH at 10.30am today.

At the AGM Maria Hampton, Managing Director, will give a presentation which will contain the following update on trading:

"It has been a pleasing start to the trading year. In the quarter to 31 August 2011 the business has generated revenue of £567k (Q1'10: £397k).  Profit before tax is also ahead of the equivalent period at £97k (Q1'10: £12k). We continue to write levels of new business that grow the lease portfolio which as at 31 August 2011 was £10.6m (31 May 2011: £10.1m).

Looking ahead, management is confident that with the right support it can grow the lease portfolio further." 

A copy of the presentation will be available to view on the Company's website, www.1pm.co.uk.

Contacts:

1pm plc	www.1pm.co.uk
Mike Johnson, Chairman	0844 967 0944
Maria Hampton, Managing Director	0844 967 0944
WH Ireland (Nomad and Broker)	www.wh-ireland.co.uk
Mike Coe / Marc Davies	0117 945 3470
Walbrook PR Ltd	020 7933 8780
Paul McManus	[e-mail] or 07980 541 893
Paul Cornelius	[e-mail] or 07866 384 707

About 1pm plc

1pm plc is an established small ticket leasing company focused on providing SMEs with an accessible funding pool. Customers must have clear credit histories and an ability to pay their commitments. Assets leased are business critical. 1pm typically lends between £1,000 - £30,000 for between 12 and 60 months.

 

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