REG - Elixirr Intnl PLC - Trading Update and Change to Dividend Policy

Elixirr InternationalAnnouncement

08/01/2024 07:00

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RNS Number : 8395Y  Elixirr International PLC  08 January 2024

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
REGULATION 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE
EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED.

8 January 2024

 

ELIXIRR INTERNATIONAL PLC

 

Trading Update, Change to Dividend Policy and Interim Dividend

 

The Board of Elixirr International plc (AIM: ELIX) ("Elixirr", the "Company")
the established, global, award-winning, challenger consultancy, is pleased to
provide an update on trading in the year ended 31 December 2023 ("FY23"),
advise shareholders of a change in dividend policy and announce an interim
dividend.

 

Trading

Subject to audit, FY23 results are expected to be in line with market
expectations with:

-     Revenue within the guidance range of £85m - £90m

-     Adjusted EBITDA of approximately £25.4 million

-     Year-end cash of approximately £17.9 million

 

Dividend Policy

In line with comparable companies, the Board has decided to declare two
dividends per year, with an interim dividend payable shortly after the end of
the year and a final dividend payable in August.

 

Interim Dividend

The Company is declaring an interim dividend (the "Dividend") of 5.3p per
Ordinary Share.

The Dividend will be payable to Shareholders on the register at 19 January
2024 and has an associated ex-dividend date of 18 January 2024. The Dividend
of approximately £2.5 million in total will be paid to Shareholders on 15
February 2024 and funded from the Company's existing cash reserves.

 

For further information please contact:

 Elixirr International plc

 Stephen Newton, CEO

 Graham Busby, CFO

 Public and Investor Relations contacts:

 investor-relations@elixirr.com

 Cavendish Capital Markets Ltd (Nominated Adviser & Joint Broker)       +44 (0) 20 7220 0500

 Stephen Keys, Charlie Beeson (Corporate Finance),

 Sunila De Silva (ECM)

 Investec Bank plc (Joint Broker)                                       +44 (0) 20 7597 4000

 Carlton Nelson, Henry Reast (Corporate Broking)

About Elixirr International plc

Elixirr is an established global award-winning management consultancy,
challenging the larger consultancies by delivering innovative and bespoke
solutions to a repeat, globally-recognised client base.

Elixirr was founded in 2009, by Stephen Newton, Graham Busby, Ian
Ferguson, Andy Curtis and Mark Goodyear, experienced business advisors who
identified a market opportunity to provide bespoke, personal services as a
'challenger' to the traditional consultancy businesses in the
market. Elixirr guides its clients to overcome challenges such as:
future-proofing against technological disruption; development and roll-out of
innovative new propositions, products and services; incubating new businesses;
navigating a more complex and multinational regulatory environment; and
project management and implementation of major change programmes.

 

General

This announcement is for information purposes only and does not constitute or
form part of any offer to issue or sell, or the solicitation of an offer to
acquire, purchase or subscribe for, any securities in any jurisdiction and
should not be relied upon in connection with any decision to subscribe for or
acquire ordinary shares in the capital of the Company.  In particular, this
announcement does not constitute or form part of any offer to issue or sell,
or the solicitation of an offer to acquire, purchase or subscribe for, any
securities in the United States.

This announcement has been issued by, and is the sole responsibility of, the
Company.  No person has been authorised to give any information or to make
any representations other than those contained in this announcement and, if
given or made, such information or representations must not be relied on as
having been authorised by the Company.

No statement in this announcement is intended to be a profit forecast or
profit estimate and no statement in this announcement should be interpreted to
mean that earnings per share of the Company for the current or future
financial years would necessarily match or exceed the historical published
earnings per share of the Company.

This announcement may include statements that are, or may be deemed to be,
"forward-looking statements". These forward-looking statements can be
identified by the use of forward-looking terminology, including the terms
"believes", "estimates", "plans", "projects", "anticipates", "expects",
"intends", "may", "will", "would" or "should" or, in each case, their negative
or other variations or comparable terminology. These forward-looking
statements include matters that are not historical facts. They appear in a
number of places throughout this announcement and include statements regarding
the directors of the current Company's intentions, beliefs or expectations
concerning, among other things, the Company's results of operations, financial
condition, liquidity, prospects, growth, strategies, and the Company's
markets. By their nature, forward-looking statements involve risk and
uncertainty because they relate to future events and circumstances. Actual
results and developments could differ materially from those expressed or
implied by the forward-looking statements. Forward-looking statements may and
often do differ materially from actual results. Any forward-looking statements
in this announcement are based on certain factors and assumptions, including
the directors of the Company's current view with respect to future events and
are subject to risks relating to future events and other risks, uncertainties
and assumptions relating to the Company's operations, results of operations,
growth strategy and liquidity. Whilst the directors of the Company consider
these assumptions to be reasonable based upon information currently available,
they may prove to be incorrect. Save as required by applicable law, the AIM
Rules or the Disclosure Guidance and Transparency Rules of the Financial
Conduct Authority, the Company undertakes no obligation to release publicly
the results of any revisions to any forward-looking statements in this
announcement that may occur due to any change in the directors of the
Company's expectations or to reflect events or circumstances after the date of
this announcement.

Neither the content of the Company's website nor any website accessible by
hyperlinks to the Company's website is incorporated in, or forms part of, this
announcement.

Certain figures contained in this announcement, including financial
information, have been subject to rounding adjustments. Accordingly, in
certain instances, the sum or percentage change of the numbers contained in
this announcement may not conform exactly with the total figure given.

All references to time in this announcement are to London time, unless
otherwise stated.

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