21 Apr 2016 07:00
For Immediate Release | 21 April 2016 |
BELVOIR LETTINGS PLC
(the "Group" or "Belvoir")
Notice of Annual General Meeting,
Dividend Dates and
Posting of Annual Report and Accounts
Belvoir Lettings PLC (AIM:BLV), one of the UK's largest property franchises, is pleased to announce that its Annual General Meeting will be held at 10.00am on 26 May 2016 at Belvoir Lettings Office, The Old Courthouse, 60a London Road, Grantham, Lincolnshire, NG31 6HR.
Following the announcement of preliminary results for the financial year ended 31 December 2015 on 4 April, the Group announces that the Annual Report and Accounts and notice of Annual General Meeting have now been posted to shareholders. The Annual Report and Accounts is also available to view on Belvoir's website at www.belvoirlettingsplc.com.
For further details:
Belvoir Lettings PLC Mike Goddard, Chairman and CEO Louise George, Chief Financial Officer
|
01476 584900 investorrelations@belvoirlettings.com |
Cantor Fitzgerald Europe Rick Thompson, Phil Davies, Michael ReynoldsCorporate Finance | 020 7894 7000
|
Buchanan Charles Ryland, Victoria Watkins, Madeleine Seacombe |
0207 466 5000 |
About Belvoir Lettings PLC
Founded in 1995, Belvoir is one of the UK's largest specialist lettings agency franchises, with 212 outlets nationwide.
Since listing on AIM in February 2012 (BLV.L), Belvoir has continued to diversify its core business offer in lettings (representing 77% of revenue) by broadening into property sales. Operating from its Central Office in Grantham, Lincolnshire the Group now offers a range of specialist services in property rental, property management, residential lettings, buy to let and property sales.
Belvoir's core revenue is derived from Management Service Fees (MSF); a reliable recurring revenue model which allows the Group to offer franchisees significant support and advice.
In 2015, Belvoir launched its multi-brand franchising strategy; acquiring Newton Fallowell Ltd, a network of 30 franchised and one corporate estate and lettings agencies in July 2015. Furthermore, in October 2015 the Group acquired Goodchilds Estate Agents and Lettings Limited, a network of 14 property sales and lettings branches located across the West Midlands.
Belvoir continues to grow organically by delivering award winning service, prioritising franchisee recruitment and supporting franchisee acquisitions. In recognition, the Group was awarded the "Best Lettings Agency Franchise Award" at the 2015 Agency of the Year Awards for the fifth time since the awards started six years ago.
The Company remains committed to diversifying its brand portfolio, utilising Belvoir's strong franchising expertise and infrastructure, in order to capitalise on a rapidly increasing target market.