Gateley (Holdings) - Class Action Update
7 September 2026
Gateley (Holdings) Plc
("Gateley" or the "Group")
(AIM:GTLY)
Class action update
Gateley, the professional services group, can announce that its class action business, Austen Hays, has secured a settlement in respect of its first class action. This represents a significant milestone for Austen Hays, and a resolution for the clients involved in the case.
Settlement payments will be made available for distribution by no later than 31 March 2027. It is anticipated that this settlement will result in a significantly improved contribution from Austen Hays and a cash benefit to the Group's net debt position this financial year.
This is a positive outcome for Austen Hays's clients, and reflects the demonstrable progress that Austen Hays has made over recent years. Driving positive returns from the Group's historic growth investments is a key component of the Group's margin improvement strategy.
The Board looks forward to providing further detail and the broader trading performance of the Group in due course at its H1 pre-close trading update.
Martin Pike, Interim Chief Executive, commented:
"Austen Hays has passed an important milestone with the meaningful conclusion to a class action and we look forward to further progress as this business continues to develop. Delivering positive returns from our historic investments remains a key priority for the Group as we look to drive further revenue and margin growth."
Enquiries:
Gateley (Holdings) Plc
John Paton, Chief Financial Officer
Tel: +44 (0) 121 212 7890
Nick Smith, Acquisitions Director and Head of Investor Relations
Tel: +44 (0) 20 7653 1665
Cara Zachariou, Communications Director
Tel: +44 (0) 121 234 0074
Mob: +44 (0) 7703 684 946
Panmure Liberum - Nominated adviser and Broker
Nicholas How / Satbir Kler / Izzy Anderson
Tel: +44 (0) 20 3100 2000
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.ENDMSCGZGGLMVNGVZZ
