Frp Advisory Group Regulatory News (FRP)

9 May 2016 08:00

Fairpoint Group plc / AGM StatementFairpoint Group plc: AGM statement - trading update 09-May-2016 / 08:00 CET/CESTDissemination of a Regulatory Announcement, transmitted by EQS Group AG.The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- 9th May 2016 Fairpoint Group plc AGM statement - trading update Fairpoint Group plc ('Fairpoint' or 'the Group'), one of the UK's leadingproviders of consumer professional services, announces the following updateon the Group's performance for the first three months of 2016, ahead of itsAnnual General Meeting being held later today. Overall the Group is performing in line with management expectations duringthe historically quieter first three months of the year. The first half of the year is anticipated to feature: - Growth in the Legal Services division to reflect the additional contribution from the acquisition of Colemans-CTTS LLP and CT Support Services Limited ('Colemans'); - Good progress on the integration of Colemans and Simpson Millar, albeit with a quieter than anticipated start to the year in conveyancing, given housing transactions have not been as expected; - the Group's continued investment in infrastructure to enable the pursuit of acquisition opportunities to further develop the Legal Services platform; - As expected, market conditions in the Group's core debt solutions market remain challenging and focus remains on cost control. The Board anticipates providing a further update in July following the halfyear end, ahead of the half year results announcement scheduled inSeptember 2016. Director succession planning John Gittins, who has been the Group's Chief Financial Officer since 2011,has indicated to the Board his desire to step down from his executive rolewith Fairpoint to pursue a portfolio career of non-executive positions(having been appointed to one such role last year). John will work withthe Board to ensure a smooth transition to his successor and recruitmentconsultants have been appointed to identify suitable candidates. A furtherannouncement will be made as and when appropriate. Enquiries please contact: Fairpoint Group Plc Chris Moat, Chief Executive Officer 0845 296 0100John Gittins, Chief Financial Officer Shore Capital (Nomad and Broker) Mark Percy 020 7408 4090Edward Mansfield Panmure Gordon & Co (Joint Broker) Dominic Morley 020 7866 2500Charles Leigh-Pemberton MHP Reg Hoare 020 3128 8794Katie Hunt --------------------------------------------------------------------------- 09-May-2016 The EQS Distribution Services include Regulatory Announcementsas well as Financial and Media Releases.Media archive at www.dgap.de/ukreg --------------------------------------------------------------------------- Language: English Company: Fairpoint Group plc Fairclough House, Church Street PR7 4EX Adlington, Lancashire United Kingdom Phone: +44 1257 486979 Fax: +44 844 826 1176 E-mail: abuck@fairpoint.co.uk Internet: www.fairpoint.co.uk ISIN: GB0032360280 WKN: 911565 Category Code: AGM TIDM: FRP Sequence Number: 3140 Time of Receipt: 09-May-2016 / 07:03 CET/CEST End of Announcement EQS News Service --------------------------------------------------------------------------- 461311 09-May-2016

UK-Regulatory-announcement transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.