REG - Parity Group PLC - AGM Statement

PartwayAnnouncement

08/06/2022 07:00

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RNS Number : 0694O  Parity Group PLC  08 June 2022

8 June 2022

Parity Group plc

(the "Company" or the "Group")

AGM Statement

Parity Group plc (AIM: PTY), the data and technology-focussed recruitment and
professional services company, announces that at the Company's Annual General
Meeting ("AGM") being held at 12 p.m. today, Mark Braund, the Company's
Executive Chairman, will make the following statement:

"During the Company's recent presentation, on 27th April 2022, of its results
for the year ended 31st December 2021, we highlighted that the first half of
2022 was about identifying and building new business opportunities.

As a result of the reduction in costs in 2021, we have had scope to make
investments in building capability in areas where the market is stronger and
where we can deliver on new business opportunities in H2:

·    In H1 we established a new team dedicated to Permanent Recruitment
and can evidence both early success with placements and a rapidly growing
pipeline;

·    Within the private sector, we have added four new revenue generating
clients since the start of the year and have focused our marketing initiatives
on developing more private sector relationships and revenue; and

·    Our core market in the public sector has not been overlooked and we
are focused on expanding our reach within this area by winning places on new
frameworks, adding four new local government frameworks within the last two
months.

Over the last 12 months, we have changed the direction of the business and now
have momentum that we are confident can be transformed into improved financial
returns as we move forward."

 

 Contacts

 Parity Group plc                                        Tel: + 44 (0) 20 8171 1729

 Mark Braund, Executive Chairman                         www.parity.net
 Mike Johns, Chief Financial Officer

 Allenby Capital Limited (Nominated Adviser and Broker)  Tel: +44 (0) 20 3328 5656

 David Hart / Freddie Wooding (Corporate Finance)
 Tony Quirke (Sales and Corporate Broking)

 

 

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