REG-FirstGroup PLC: AGM Statement

FirstgroupAnnouncement

25/07/2019 07:05

FIRSTGROUP PLC
2019 AGM STATEMENT

FirstGroup plc ('FirstGroup', the 'Group'), a leading provider of transport
services in North America and the UK, will be holding its Annual General
Meeting (‘AGM’) at 2.30pm today.

Ahead of the meeting, FirstGroup notes that overall trading performance in the
first quarter has been in line and there is no change to our expectations for
the current financial year.

The Group is focused on delivering the strategy announced on 30 May at pace.
By executing the announced portfolio rationalisation plans our future emphasis
will be on the Group’s core contracting businesses in North America, where
we see significant potential to generate long term, sustainable value. In
parallel with these plans, we continue to drive forward the clear strategies
set for each of our divisions. By doing so the Group will achieve further
progress and growth for shareholders, while delivering on our promises to our
customers, passengers and other stakeholders.

As previously announced, Wolfhart Hauser will step down from the Board and as
Chairman at the end of the AGM today, and Senior Independent Director David
Robbie will become interim Chairman of the Board at that time. A formal and
rigorous process to select a new Chairman in accordance with UK Corporate
Governance Code principles is well underway, overseen by David Robbie. The
Board is clear that the priority is to complete this process without delay,
while selecting a candidate with the necessary skills and experience to serve
effectively in the interests of all shareholders. The Group has consulted with
major shareholders to hear their views and suggestions, and looks forward to
updating the market of a satisfactory outcome at the earliest opportunity.

The Group is scheduled to announce interim results for the six months to the
end of September on Thursday 14 November 2019.

Contacts at FirstGroup:
Faisal Tabbah, Head of Investor Relations
Stuart Butchers, Group Head of Media
Tel: +44 (0) 20 7725 3354

Contacts at Brunswick PR:
Andrew Porter / Alison Lea, Tel: +44 (0) 20 7404 5959

Legal Entity Identifier (LEI): 549300DEJZCPWA4HKM93. Classification as per
DTR 6 Annex 1R: 3.1.

Forward-looking statements
Certain statements included or incorporated by reference within this document
may constitute ‘forward-looking statements’ with respect to the business,
strategy and plans of the Group and our current goals, assumptions and
expectations relating to our future financial condition, performance and
results. By their nature, forward-looking statements involve known and unknown
risks, assumptions, uncertainties and other factors that cause actual results,
performance or achievements of the Group to be materially different from any
future results, performance or achievements expressed or implied by such
forward-looking statements. Shareholders are cautioned not to place undue
reliance on the forward-looking statements. Except as required by the UK
Listing Rules and applicable law, the Group does not undertake any obligation
to update or change any forward-looking statements to reflect events occurring
after the date of this document.

About FirstGroup
FirstGroup plc (LSE: FGP.L) is a leading provider of transport services in the
UK and North America. With £7.1 billion in revenue and around 100,000
employees, we transported 2.2 billion passengers last year. Whether for
business, education, health, social or recreation – we get our customers
where they want to be, when they want to be there. We create solutions that
reduce complexity, making travel smoother and life easier.

We provide easy and convenient mobility, improving quality of life by
connecting people and communities.

Each of our five divisions is a leader in its field: In North America, First
Student is the largest provider of home-to-school student transportation with
a fleet of 42,500 yellow school buses, First Transit is one of the largest
providers of outsourced transit management and contracting services, while
Greyhound is the only nationwide operator of scheduled intercity coaches. In
the UK, First Bus is one of Britain's largest bus companies with 1.6 million
passengers a day, and First Rail is one of the country's largest and most
experienced rail operators, carrying 345 million passengers last year.

Visit our website at www.firstgroupplc.com and follow us @firstgroupplc on
Twitter.



Copyright (c) 2019 PR Newswire Association,LLC. All Rights Reserved