REG - Marlowe PLC - Annual General Meeting and Trading Update

MarloweAnnouncement

13/09/2023 07:15

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RNS Number : 2318M  Marlowe PLC  13 September 2023

13 September 2023

 

Marlowe plc

 

Annual General Meeting and Trading Update

 

Marlowe plc ("Marlowe" or the "Group"), the leader in business-critical
services and software which assure regulatory compliance, provides the
following trading update covering the four-month period from 1 April 2023 to
31 July 2023 (the "Period") ahead of the Group's Annual General Meeting
("AGM") to be held today at 10:00am BST at 20 Grosvenor Place, London SW1X
7HN.

 

Kevin Quinn, Non-Executive Chairman of Marlowe plc, will state at the AGM:

 

"The Group has started the year well with trading in line with expectations as
it continues to deliver strong strategic progress, with high single digit
organic revenue growth in the Period. We occupy resilient compliance service
& software markets which demonstrate attractive structural growth. Since
the start of the financial year, Marlowe has completed five acquisitions for a
total enterprise value of £35 million, including the recent acquisition of
IMSM, a key step in the Group's strategy to broaden its GRC capabilities into
the highly complementary ISO certification market. We expect to continue to
deliver strong performance with high single digit organic growth across FY24."

Change of Name of Nominated Adviser

The Company also announces that its Nominated Adviser and Joint Broker has
changed its name to Cavendish Securities plc following completion of its own
corporate merger.

For further information:

 Marlowe plc
 Alex Dacre, Chief Executive                     www.marloweplc.com (http://www.marloweplc.com)
 Adam Councell, Chief Financial Officer          Tel: +44 (0) 203 813 8498
 Benjamin Tucker, Investor Relations Manager

 Cavendish Securities plc (Nominated Adviser and Joint Broker)
 Ben Jeynes                                      Tel: +44 (0)20 7220 0500
 George Lawson

 Berenberg (Joint Broker)
 Ben Wright              Tel: +44 (0)20 3207 7800
 Mark Whitmore

 Stifel (Joint Broker)
 Matthew Blawat          Tel: +44 (0)20 7710 7688
 Francis North

 FTI Consulting
 Nick Hasell             Tel: +44 (0)20 3727 1340
 Alex Le May

 

About Marlowe plc

Marlowe is a leader in business-critical services and software which assure
regulatory compliance. The company was formed to create sustainable
shareholder value through the acquisition and development of businesses that
provide regulated safety and compliance services and software. It is focused
on compliance software, eLearning, health & safety, employment law &
HR compliance, fire safety & security, water & air hygiene and
occupational health services - all of which are vital to the wellbeing of its
customers operations and are invariably governed by regulation. Marlowe
currently provides software to over 1 million users and services to over 25%
of Britain's commercial premises. The Group provides customers with a single
outsourced, nationwide, provider of a range of regulated compliance and safety
solutions. Our customers can be found in 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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