AGM Statement
30/09/2024 07:00
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RNS Number : 0940G Marlowe PLC 30 September 2024
30 September 2024
Marlowe plc
AGM Statement
Marlowe plc ("Marlowe" or the "Group"), the leader in business-critical
services which assure regulatory compliance, provides the following statement
in respect of the five-month period from 1 April 2024 to 30 August 2024 (the
"Period") ahead of the Group's Annual General Meeting ("AGM") to be held today
at 14:00 BST at 20 Grosvenor Place, London SW1X 7HN.
Lord Ashcroft, Interim Non-Executive Chairman, will state at the AGM:
"The Group performed well in the Period, with Marlowe's continuing TIC
operations trading in line with the Board's expectations and delivering
mid-single digit organic revenue growth.
"All restructuring investments have now been completed, with costs incurred
within the previously guided £5 million in the first half of the current
financial year. The share buyback programme has been successful with over £40
million returned to shareholders through the repurchase of shares to date.
"The Group is well positioned and has a clear strategy to drive organic
growth, margin enhancement and strong cash generation."
For further information:
Marlowe plc
Lord Ashcroft, Interim Non-Executive Chair www.marloweplc.com
Adam Councell, Chief Financial Officer Tel: +44 (0)20 3813 8498
Benjamin Tucker, Head of Investor Relations & Strategy IR@marloweplc.com (mailto:IR@marloweplc.com)
Cavendish Capital Markets Limited (Nominated Adviser & Joint Broker)
Ben Jeynes Tel: +44 (0)20 7220 0500
George Lawson
Investec Bank (Joint Broker)
Henry Reast Tel: +44 (0)20 7597 5970
Oliver Cardigan
FTI Consulting
Nick Hasell Tel: +44 (0)20 3727 1340
Alex Le May
About Marlowe plc
Marlowe is a leader in business-critical services which ensures compliance
with strict regulations and insurance requirements across Fire Safety &
Security and Water & Air Hygiene. The Group has a national footprint and
serves approximately 27,000 customers across office complexes, high streets
& leisure facilities, manufacturing plants and industrial estates, and
include thousands of SMEs, local authorities, facilities management providers,
multi-site NHS trusts and FTSE 100 companies.
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