REG-RM plc RM plc: Annual General Meeting Statement

RMAnnouncement

07/04/2022 11:15

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   RM plc (RM.)
   RM plc: Annual General Meeting Statement

   07-Apr-2022 / 11:00 GMT/BST
   Dissemination of a Regulatory Announcement that contains inside
   information according to REGULATION (EU) No 596/2014 (MAR), transmitted by
   EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   7th April 2022

   RM

   Annual General Meeting Statement

   The AGM of RM plc ("RM"),  a leading supplier of technology and  resources
   to the education sector,  will be held today  at 11:30am. At the  meeting,
   Helen Stevenson, Chairman, will make the following statement: 

   "The first  quarter  of  2022  has provided  a  challenging  backdrop,  in
   particular the  inflationary  and  supply chain  environments.  Whilst  we
   remain mindful of the uncertain economic conditions, the full-year outlook
   for the Group remains unchanged.

   RM's net debt as at  31 March 2022 is  £39m (March 2021: £10m)  reflecting
   normal operating cash  outflows and  the previously  announced step-up  in
   investment into the  two capital  programmes - the  consolidation of  five
   distribution  centres   into  a   single   automated  facility   and   the
   implementation of a new group-wide IT platform, both of which are  planned
   to complete this year.

   At our full-year results, we outlined our intention to invest to establish
   a clear  path  to  sustainable  organic growth.  The  leadership  team  is
   progressing against that plan but as stated previously, it will take  time
   to unlock growth and realise the full benefits."

    

   Contacts:

   RM plc                                                    08450 700 300
   Neil Martin, Chief Executive Officer                                   
   Mark Berry, Chief Financial Officer                                    
                                                              
   Headland Consultancy (PR adviser to RM)                   0203 805 4822
   Stephen Malthouse ( 1 smalthouse@headlandconsultancy.com)              
                                                                    

    

   Notes to Editors:

   RM provides market-leading products and services to educational
   institutions, exam bodies and international governments which improve,
   simplify and support education and learning.

   The education sector is transforming, and RM is well positioned to
   capitalise on this through its three divisions.

   RM Resources is the established provider of education resources for early
   years, primary schools and secondary schools across the UK and to 80
   countries internationally.

   RM Assessment is a leading provider of assessment software, supporting
   exam awarding bodies, universities and governments worldwide to digitise
   their assessment delivery

   RM Technology is a market-leading supplier of ICT software, technology and
   services to UK schools and colleges

    

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   ISIN:           GB00BJT0FF39
   Category Code:  AGM
   TIDM:           RM.
   LEI Code:       2138005RKUCIEKLXWM61
   OAM Categories: 3.1. Additional regulated information required to be
                   disclosed under the laws of a Member State
   Sequence No.:   154287
   EQS News ID:    1322991


    
   End of Announcement EQS News Service

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References

   Visible links
   1. mailto:smalthouse@headlandconsultancy.com


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