REG - MJ Gleeson Plc - Notice of Results & Trading Update

MJ GLEESONAnnouncement

11/01/2022 07:05

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RNS Number : 9962X  MJ Gleeson PLC  11 January 2022

MJ Gleeson plc

(GLE.L)

Notice of Results & Trading Update

("the Company" or "the Group")

 

MJ Gleeson plc, the low-cost housebuilder and land promoter, will report
results for the half-year ended 31 December 2021 on Thursday, 10 February
2022. A presentation to analysts, which will also be webcast, will be held at
9:00am.

Gleeson Homes performed well during the half-year to 31 December 2021
completing the sale of 932 homes, 14.9% more than the pre-Covid half-year to
31 December 2019 of 811 homes and just 2.0% fewer than the 951 homes sold
during the half-year to 31 December 2020 (which was flattered by the
carry-over of delayed completions from the first Covid lockdown at the end of
the previous financial year).

Demand for our low-cost homes remains strong. Our customers continue to find
the cost of owning a Gleeson home significantly lower than the cost of
renting. A young couple on the National Living Wage can afford to buy a
Gleeson home on any one of the Company's sites.

Land continues to be available at sensible prices. Gleeson Homes opened 8 new
build sites during the half-year to 31 December 2021 and anticipates opening a
total of 25 sites during the full year to 30 June 2022.

The Board re-affirms its target of delivering 2,000 homes in the year to June
2022.

Gleeson Land sold three sites during the half-year to 31 December 2021,
reflecting the continued strong demand for high quality consented land from
medium and large housebuilders.

Given the continued strong demand for Gleeson Homes and the positive start
made by Gleeson Land, the Board expects the Group's results for the full year
to 30 June 2022 to be in line with market expectations.

 

This announcement is released by MJ Gleeson plc and contains inside
information for the purposes of Article 7 of the Market Abuse Regulation (EU)
596/2014 (MAR), and is disclosed in accordance with the Company's obligations
under Article 17 of MAR. Upon the publication of this announcement, this
information is considered to be in the public domain.

For the purposes of MAR and Article 2 of Commission Implementing Regulation
(EU) 2016/1055, this announcement is being made on behalf of the Company by
Stefan Allanson, Chief Financial Officer.

LEI: 21380064K7N2W7FD6434

Enquiries:

MJ Gleeson plc
 
Tel: +44 1142 612 900

James Thomson             Chief Executive Officer

Stefan Allanson              Chief Financial Officer

 

Hudson
Sandler
Tel: +44 20 7796 4133

Mark Garraway
               Tel: +44 7771 860 938

Charlotte Cobb
                 Tel: +44 7795 422 131

 

Singer Capital
Markets
Tel: +44 20 7496 3000

Shaun Dobson

Rachel Hayes

 

Liberum
Tel: +44 20 3100 2222

Neil Patel

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