REG - Facilities by ADF - Notice of AGM and Update re Proposed Dividend

Facilities by ADFAnnouncement

02/06/2025 07:00

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RNS Number : 9739K  Facilities by ADF plc  02 June 2025

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 2 June 2025

 

Facilities by ADF plc

 

("Facilities by ADF", "ADF", the "Company" or the "Group")

 

Notice of Annual General Meeting

 

Update re Proposed FY24 Final Dividend

 

 

Facilities by ADF, the leading provider of premium serviced production
facilities to the UK film and high-end television industry ("HETV") announces
that the Group's Annual Report and Accounts for the year ended 31 December
2024 ("FY24") and Notice of Annual General Meeting ("AGM") will today be
posted to shareholders and are available for download on the Company's
website at www.facilitiesbyadf.com/investors/reports-presentations
(http://www.facilitiesbyadf.com/investors/reports-presentations) .

 

The AGM will be held at 11.00 a.m. on Wednesday, 25 June 2025 at Kitsmead
Lane, Longcross, Lyne, Chertsey, KT16 0EF.

 

ADF announced on 6 May 2025 that the Board would be recommending a final
dividend for FY24 of 0.9 pence per ordinary share in the Company ("Ordinary
Shares") (the "Final Dividend"), which, if approved by ADF shareholders at the
AGM, would take the total dividend for the year ended 31 December 2024 to an
aggregate of 1.4 pence per Ordinary Share.

 

Trading in the current financial year remains in line with market expectations
with activity levels expected to be weighted to the second half. The Board
continues to expect the Company to be cash generative in the year ending 31
December 2025 ("FY25") with closing cash balances anticipated to be in line
with current market expectations.

 

As previously announced on 6 May 2025, the timing of projects continues to be
uncertain and the macro-economic environment has continued to evolve.
Following feedback from, and consultation with a number of the Company's major
shareholders, representing in aggregate in excess of 40 per cent. of the
Company's issued ordinary share capital, the Board is now recommending a
revised Final Dividend of 0.5 pence per Ordinary Share. (FY24 Interim
Dividend: 0.5 pence per Ordinary Share). The total dividend for the year ended
31 December 2024 would amount to an aggregate of 1.0 pence per Ordinary Share.

 

Subject to the approval of ADF shareholders at the AGM, the Final Dividend
will be paid on an unchanged date of 13 August 2025 to shareholders on the
register at close of business on 25 July 2025.

 

The Board remains committed to the Group's progressive dividend policy in the
longer term and, whilst the Company remains financially robust, the prudent
approach to the Final Dividend will allow the Company to maintain maximum
flexibility in the near term in what remains an evolving macro-economic
environment.

 

 

 

 

For further enquiries:

 

 Facilities by ADF plc                                                via Alma

 Marsden Proctor, Chief Executive Officer

 Neil Evans, Chief Financial Officer

 Ruseell Down, Chairman

 Cavendish Capital Markets (Nomad and Broker)                         Tel: +44 (0)20 7397 8900

 Ben Jeynes / George Lawson / Hamish Waller - Corporate Finance

 Michael Johnson / Sunila de Silva / George Budd - Sales / ECM

 Alma Strategic Communications                                        Tel: +44 (0)20 3405 0205

 Josh Royston                                                         facilitiesbyadf@almastrategic.com (mailto:facilitiesbyadf@almastrategic.com)

 Hannah Campbell

 Robyn Fisher

 

OVERVIEW OF FACILITIES BY ADF PLC

 

The Facilities by ADF Group is the leading provider of premium serviced
production facilities along with location services and ground protection
equipment to the UK film and high-end television (HETV) industry.

 

The Group serves customers in an industry that has experienced,
notwithstanding the Strikes in 2023, significant growth in recent years, with
additional demand driven by a material rise in the consumption of film and
HETV content via streaming platforms such as Netflix, Disney+, Apple TV+ and
Amazon Prime. The UK film and TV industry has directly benefited during this
growth due to the quality of its production facilities and studios, highly
skilled domestic workforce, geography, accessibility to Europe, English
language environment and strong governmental support. Major US streaming
companies have now set up permanent bases in the UK, with the UK now the film
and TV industry's second largest operation after North America.

 

Facilities by ADF production fleet is made up of more than 700 premium mobile
make-up, costume and artiste trailers, production offices, mobile bathrooms,
diners, school rooms and technical vehicles.

 

To strengthen its position as a One-Stop-Shop for the Film and HETV industry,
ADF acquired Location One Ltd, the UK's largest TV and film location service
provider, in November 2022, and then further expanded in September 2024 by
acquiring Autotrak Portable Roadways Ltd, a market leader in portable roadway
solutions, diversifying the Group's offerings and customer base.

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