Frp Advisory Group Regulatory News (FRP)

26 Mar 2008 08:00

Fairpoint Group PLC26 March 2008 Fairpoint Group plc ("Fairpoint" or "the Company") Annual Report & Accounts and Notice of AGM Fairpoint announces that the Company's Annual Report and Accounts for the periodended 31 December 2007 has been posted to shareholders. The notice convening theCompany's Annual General Meeting, to be held at 9:00 a.m. on 25 April 2008 atHolborn Gate, 26 Southampton Buildings, London WC2A 1PB, has also been posted toshareholders. Amongst the resolutions to be tabled at the Company's AGM is a resolution toapprove a final dividend for the period ended 31 December 2007 of 4 pence pershare. It is proposed that the dividend payment will be made on 30 May 2008 toshareholders on the register on 25 April 2008. The ex-dividend date will be 23April 2008. The Company's Annual Report and Accounts and the Notice of its Annual GeneralMeeting are available on the Company's website: www.fairpoint.co.uk For further information, please contact: Fairpoint Group plcAndrew Redmond, Chief Executive Officer 0800 083 1433Andy Heath, Finance Director 0800 083 1433 Numis SecuritiesChris Wilkinson 020 7260 1000Lee Aston 020 7260 1000 Financial DynamicsEd Gascoigne-Pees 020 7269 7132Nick Henderson 020 7269 7114 Notes At Fairpoint we develop and operate consumer financial services businesses. We select markets or opportunities which show certain characteristics: • Growing and sustainable consumer demand. • Caused by deep-rooted market, regulatory or economic factors. • Where innovation and effective channel execution can give sustainable differentiation. As such our customers tend to be going through a period of life to which themass financial services market is unable to provide a solution. We make it our business to understand our customers in depth, to help themthrough their short term circumstances, and to continue that relationship, ifthey so choose, into the future. The solutions offered range from basic advice,such as simply destroying credit cards and curbing unnecessary expenditure, tothe following solutions: • consolidation loan • re-mortgage • informal arrangement • individual voluntary arrangement (IVA) • bankruptcy Fairpoint always seeks (unlike many of its competitors who sell specificproducts) to systematically and impartially deliver the best advice to theconsumer and recommend them the most appropriate solution. Over the last few years we have been very much focused on the over-indebtedmarket in the UK. Debt Free Direct has pioneered the debt advice and solutionsindustry and is a clear leader in the provision of IVAs, while Clear Start's impartial approach has appealed to a newsegment of consumers, and has helped to take the relationships with the banksinto a new era. Our main objectives are to: • introduce to our existing customer base a further range of 'most wanted' financial products and solutions; • continue to increase our market share, in particular as the market goes through a phase of consolidation; • address the new growth market of cases where customers are over-extended on debt that is secured against their property. In the meantime we will continue to explore opportunities in markets that fitour investment criteria. Fairpoint is based in Chorley, Lancashire, and was admitted to AIM in December2002. This information is provided by RNS The company news service from the London Stock Exchange