26 September 2024
FRP ADVISORY GROUP
PLC
("FRP", the "Group" or the
"Company")
AGM Statement and Q1 Dividend
Declaration
FRP Advisory Group plc, a leading
national specialist business advisory firm, is holding its Annual
General Meeting today. At the meeting, Penny Judd, Non-Executive
Chair, will make the following statement:
"During the last financial year to
30 April 2024, the Group made excellent progress. We delivered a
further year of revenue and profit growth, demonstrating the
strength of our proven strategy focused on strong organic growth,
supplemented by selective acquisitions.
Encouraging performance in the new financial year (FY
2025)
As noted in our full year results
announcement on 24 July 2024, activity
levels across the Group in the current financial year-to-date have
been encouraging.
Earlier this month, the Group
announced the acquisition of Williams Ali CF Limited, our eleventh
acquisition since our IPO in March 2020, in line with our
strategy.
Q1
Dividend
In line with the Company's quarterly
dividend policy, the Board is pleased to declare an interim
dividend of 0.95p per eligible ordinary share for the first quarter
of FY 2025 (Q1 2024: 0.9p). The dividend will be paid on 20
December 2024 to shareholders on the register on 22 November 2024,
with the ex-dividend date being 21 November 2024.
Outlook
Trading in the year-to-date
continues to be in line with the Board's expectations and the
integration of our recently acquired businesses is progressing as
planned. The short and medium-term outlook for our business remains
positive and we are confident of continued progress.
The Company expects to announce a
trading update for the six months to 31 October 2024, in mid
November 2024"
Enquiries:
FRP
Advisory Group plc
Geoff Rowley, CEO
Jeremy French, COO
Gavin Jones, CFO
Enquiries via MHP
Cavendish Capital Markets Limited (Nominated Adviser
and Joint Broker)
Katy Birkin/ Stephen Keys/George
Lawson (Corporate Finance)
Tel: +44 (0) 207 220 0500
Investec Bank plc (Joint Broker)
Carlton Nelson / James Rudd
(Corporate Broking)
Tel: +44 (0) 207 597 4000
MHP
Group (Financial Public Relations)
Oliver Hughes
Eleni Menikou
Catherine Chapman
Tel: +44 (0)7711 191518
FRP@mhpgroup.com
Notes to Editors
FRP is a leading national specialist
business advisory firm established in 2010. It offers a range of
advisory services to companies, lenders, investors and other
stakeholders, as well as individuals. These services
include:
· Restructuring advisory: corporate financial advisory, formal
insolvency appointments, informal restructuring advisory, personal
insolvency and general advice to all stakeholders.
· Corporate finance: mergers & acquisitions (M&A),
strategic advisory and valuations, financial due diligence, capital
raising, special situations M&A and partial exits.
· Debt
advisory: raising and refinancing debt, debt amendments and
extensions, restructuring debt, asset based lending and corporate
and leveraged debt advisory.
· Forensic services: forensic investigations, compliance and
risk advisory, dispute services and forensic technology.
· Financial advisory: transaction services including financial
due diligence, lender services, financial modelling, valuations,
pensions and company-side advisory services.