REG - MJ Gleeson Plc - AGM Trading Update

MJ GLEESONAnnouncement

16/11/2023 07:00

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RNS Number : 6202T  MJ Gleeson PLC  16 November 2023

MJ Gleeson plc  (GLE.L)

 

AGM Trading Update

16 November 2023

MJ Gleeson plc, the low-cost housebuilder and land promoter, is holding its
Annual General Meeting  later today at which James Thomson, Chairman, will
make the following comments:

"Gleeson Homes has traded in line with the expectations set out in our
September announcement.

Net reservation rates for the 9 weeks to 3 November 2023 increased to 0.47 per
site per week (0.46 excluding bulk reservations), from 0.43 per site per week
during the previous 9 weeks to 1 September 2023.

Mortgage rates have begun to stabilise and, against a more certain backdrop,
we would expect buyer interest to pick up into the seasonally stronger Spring
selling season.

Gleeson Land has completed the sale of one site since the start of the
financial year.

The Board therefore currently expects that the results for FY2024 will be in
line with market expectations.

We will provide a further update on 11 January 2024 following the conclusion
of the half year."

 

This announcement, which contains inside information, has been authorised for
release by              Stefan Allanson, Chief Financial
Officer.

 

LEI: 21380064K7N2W7FD6434

Enquiries:

                                                              Tel: 01142 612900

   MJ Gleeson plc
   Graham Prothero      Chief Executive Officer
   Stefan Allanson         Chief Financial Officer

 Hudson Sandler
 Mark Garraway                                              Tel: 07771 860 938
 Charlotte Cobb                                             Tel: 07795 422131

 Harry Griffiths                                            Tel: 07860 630046

 Singer Capital Markets
 Shaun Dobson                                               Tel: 020 7496 3000
 James Moat

 Liberum
 Richard Crawley                                            Tel: 020 3100 2222

 

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