REG - TPXimpact Holdings - Update on Current Trading and Notice of AGM

Tpximpact HoldingsAnnouncement

05/09/2023 13:15

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RNS Number : 4548L  TPXimpact Holdings PLC  05 September 2023

5 September 2023

TPXimpact Holdings PLC

("TPXimpact", "TPX", the "Group" or the "Company")

Update on current trading and Notice of AGM

TPXimpact Holdings PLC, the technology-enabled services company focused on
people-powered transformation, provides an update on current trading and
notice of AGM.

Current trading

The Board is pleased to confirm trading in the three months to 30 June 2023
("Q1 2024") was in line with management expectations, with like-for-like
revenue growth of over 11% and operating margin in line with budget. As stated
in the preliminary results new business wins exceeded £90 million in the
quarter. Q2 2024 has started well, with like-for-like revenue growth of 26% in
the month of July.

Net debt (excluding lease liabilities) was £17.9 million at 30 June 2023. The
Group's new banking covenants came into effect on 1 July 2023 and liquidity
has comfortably exceeded the relevant thresholds since that date.

Management remains committed to achieving the FY24 targets of like-for-like
revenue growth of 15-20% and Adjusted EBITDA margin of 5-6% and are encouraged
by the strong start to the year.

 

Notice of AGM

The Company has today posted its report and accounts for the financial year
ended 31 March 2023, together with the notice of AGM, to those shareholders
who have requested hard copies. Electronic copies of both documents are
available to download on the Company's website at
www.tpximpact.com/investor-relations
(http://www.tpximpact.com/investor-relations) in accordance with AIM Rule 20.

The Group's Annual General Meeting ("AGM") will be held on 28 September 2023
at 9:30 a.m. at the offices of Stifel Nicolaus Europe Limited, 150 Cheapside,
Fourth Floor, London, EC2V 6ET.

TPX invites shareholders to submit questions in advance of the AGM by emailing
them to tpx@almapr.co.uk.

Questions should be submitted by 9 a.m. on 26 September 2023 and the Company
will ensure, to the extent it is able to do so, that the answers are directly
responded to, with responses to questions of common interest also made
available on its website at www.tpximpact.com (http://www.tpximpact.com) as
soon as practical following the meeting.

 

ENDS

 

Enquiries:

 TPXimpact Holdings

 Bjorn Conway, CEO                Via Alma PR

 Steve Winters, CFO

 Stifel Nicolaus Europe Limited

 (Nomad and Joint Broker)         +44 (0) 207 710 7600

 Fred Walsh

 Ben Burnett

 Dowgate Capital Limited          +44 (0) 203 903 7715

 (Joint Broker)

 James Serjeant

 David Poutney

 Alma PR                          tpx@almapr.co.uk

 (Financial PR)                   +44 (0) 203 405 0209

 Josh Royston

 Kieran Breheny

 Matthew Young

 

 About TPXimpact

We believe in a world enriched by people-powered digital transformation.
Working together in close collaboration, we want to help our clients reimagine
their organisations, services and experiences to accelerate positive change
and build a future where people, places and the planet are supported to
thrive.

Led by passionate people, we care deeply about the work we do and the impact
we have in the world. Working alongside our clients teams, we work to
understand their unique challenges and find new ways forward together;
challenging assumptions, testing new approaches and building capabilities,
leaving them with the tools, the insight and the confidence to continue
iterating and innovating.

Combining rich heritage and expertise in human-centred design, data,
experience and technology, we bring over 15 years experience across the
public, private and third sectors, creating sustainable solutions with the
flexibility to learn, evolve and change.

The business is being increasingly recognised as a leading alternative digital
transformation provider to the UK public services sector, with c.72% of its
client base representing the public sector and c.28% representing the
commercial sector.

More information is available at www.tpximpact.com (http://www.tpximpact.com/)
.

 

 

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