REG - Wilmington PLC - Trading impact of face-to-face events

WilmingtonAnnouncement

15/03/2022 07:00

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RNS Number : 7125E  Wilmington PLC  15 March 2022

15 March 2022

 

Wilmington plc

 

Trading impact of face-to-face events

 

Wilmington plc, (LSE: WIL 'Wilmington', 'the Group') the provider of data,
information, education and training in the global Governance, Risk and
Compliance markets, confirms that the Group's major face-to-face event in the
US - Rise National - has successfully taken place and therefore its
profitability in FY22 is now expected to be at least 10% above market
consensus expectations(1).

 

As Wilmington stated in its interims results on 21 February 2022 trading in
the current financial year to 30 June 2022 was already ahead of its earlier
expectations excluding this event.

 

Mark Milner, Chief Executive Officer, commented:

 

"We are delighted that Rise National has successfully returned to being a
face-to-face event.  This major event and the more general return of
face-to-face events is a further cash generative boost to our profitability in
the current financial year and beyond."

 

(1) Consensus for the year ending 30 June 2022 is adjusted profit before tax
of £18.05m within a range of £18.0 million to £18.1 million

 

The information contained within this announcement is deemed to constitute
inside information as stipulated under the UK version of Market Abuse
Regulation (EU) No. 596/2014, as it forms part of UK domestic law by virtue of
the European Union (Withdrawal) Act 2018. Upon the publication of this
announcement this inside information is now considered to be in the public
domain.

 

For further information, contact:

 

 Wilmington plc                          020 7422 6800

 Mark Milner, Chief Executive Officer

 Guy Millward, Chief Financial Officer

 Meare Consulting                        07990 858548

 Adrian Duffield

 

Notes to Editors

Wilmington plc is the recognised knowledge leader and partner of choice for
data, information, education and training in the global Governance, Risk and
Compliance (GRC) markets. Wilmington employs close to 1,000 people and sells
to around 120 countries. Wilmington is listed on the main market of the London
Stock Exchange.

 

 

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