REG - FRP Advisory Grp PLC - AGM Statement and Q1 Dividend Declaration

Frp AdvisoryAnnouncement

26/09/2024 07:00

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RNS Number : 7779F  FRP Advisory Group PLC  26 September 2024

26 September 2024

 

FRP ADVISORY GROUP PLC

("FRP", the "Group" or the "Company")

AGM Statement and Q1 Dividend Declaration

FRP Advisory Group plc, a leading national specialist business advisory firm,
is holding its Annual General Meeting today. At the meeting, Penny Judd,
Non-Executive Chair, will make the following statement:

"During the last financial year to 30 April 2024, the Group made excellent
progress. We delivered a further year of revenue and profit growth,
demonstrating the strength of our proven strategy focused on strong organic
growth, supplemented by selective acquisitions.

Encouraging performance in the new financial year (FY 2025)

As noted in our full year results announcement on 24 July 2024, activity
levels across the Group in the current financial year-to-date have been
encouraging.

Earlier this month, the Group announced the acquisition of Williams Ali CF
Limited, our eleventh acquisition since our IPO in March 2020, in line with
our strategy.

Q1 Dividend

In line with the Company's quarterly dividend policy, the Board is pleased to
declare an interim dividend of 0.95p per eligible ordinary share for the first
quarter of FY 2025 (Q1 2024: 0.9p). The dividend will be paid on 20 December
2024 to shareholders on the register on 22 November 2024, with the ex-dividend
date being 21 November 2024.

Outlook

Trading in the year-to-date continues to be in line with the Board's
expectations and the integration of our recently acquired businesses is
progressing as planned. The short and medium-term outlook for our business
remains positive and we are confident of continued progress.

The Company expects to announce a trading update for the six months to 31
October 2024, in mid November 2024"

Enquiries:

 

FRP Advisory Group
plc

Geoff Rowley, CEO

Jeremy French, COO

Gavin Jones, CFO

Enquiries via MHP

 

Cavendish Capital Markets Limited (Nominated Adviser and Joint Broker)

Katy Birkin/ Stephen Keys/George Lawson (Corporate Finance)

Tel: +44 (0) 207 220 0500

 

Investec Bank plc (Joint Broker)

Carlton Nelson / James Rudd (Corporate Broking)

Tel: +44 (0) 207 597 4000

 

MHP Group (Financial Public Relations)

Oliver Hughes

Eleni Menikou

Catherine Chapman

Tel: +44 (0)7711 191518

FRP@mhpgroup.com (mailto:FRP@mhpgroup.com)

 

Notes to Editors

FRP is a leading national specialist business advisory firm established in
2010. It offers a range of advisory services to companies, lenders, investors
and other stakeholders, as well as individuals. These services include:

 

· Restructuring advisory: corporate financial advisory, formal insolvency
appointments, informal restructuring advisory, personal insolvency and general
advice to all stakeholders.

· Corporate finance: mergers & acquisitions (M&A), strategic
advisory and valuations, financial due diligence, capital raising, special
situations M&A and partial exits.

· Debt advisory: raising and refinancing debt, debt amendments and
extensions, restructuring debt, asset based lending and corporate and
leveraged debt advisory.

· Forensic services: forensic investigations, compliance and risk advisory,
dispute services and forensic technology.

· Financial advisory: transaction services including financial due
diligence, lender services, financial modelling, valuations, pensions and
company-side advisory services.

 

 

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