REG - Property FranchiseGp - AGM Statement

Property FranchiseAnnouncement

06/06/2023 07:00

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RNS Number : 7103B  Property Franchise Group PLC (The)  06 June 2023

6 June 2023

 

THE PROPERTY FRANCHISE GROUP PLC

("TPFG", the "Company" or the "Group")

 

AGM Statement

 

The Property Franchise Group PLC, the UK's largest property franchisor, will
hold its Annual General Meeting at 11:00am today during which the
Non-Executive Chairman, Paul Latham, will make the following statement:

 

"The Board is pleased to announce that in a challenging environment, the
resilience of TPFG's franchise model and of its recurring income streams, most
notably lettings, continue to stand the Group in a strong position despite the
wider market challenges.

 

"As expected, Group revenue for the first 4 months to 30 April 2023 was
unchanged over the prior year as were Management Service Fees.

 

"Whilst the broader market remains uncertain, the Board expects this to
present opportunities that the Group's robust balance sheet will allow it to
explore. Overall, the Board continues to remain confident in achieving
expectations for the full financial year."

 

 

For further information, please contact:

 

 

 The Property Franchise Group PLC                                 01202 405549

 Gareth Samples, Chief Executive Officer

 David Raggett, Chief Financial Officer

 Canaccord Genuity Limited (Nominated Adviser and Joint Broker)  0207 523 8000

 Max Hartley

 Tom Diehl

 Singer Capital Markets (Joint Broker)                           020 7496 3000

 Rick Thompson

 James Fischer

 Alma PR                                                         020 3405 0205

 Justine James                                                   propertyfranchise@almapr.co.uk

 Joe Pederzolli

 Kinvara Verdon

 

About The Property Franchise Group PLC:

 

The Property Franchise Group PLC (AIM: TPFG) is the largest property
franchisor in the UK and manages the second largest estate agency network and
portfolio of lettings properties in the UK.

 

The Company was founded in 1986 and has since grown to a diverse portfolio of
nine brands operating throughout the UK, comprising longstanding high-street
focused brands and a hybrid, no sale no fee agency.

 

The Property Franchise Group's brands are Martin & Co, EweMove, Hunters,
CJ Hole, Ellis & Co, Parkers, Whitegates, Mullucks & Country
Properties.

 

Headquartered in Bournemouth, UK, the Company was listed on AIM on the London
Stock Exchange in 2013. More information is available
at www.propertyfranchise.co.uk (http://www.propertyfranchise.co.uk/)

 

 

 

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