Last checked at 24 Jan 2019 07:00
24 January 2019
JTC PLC
(the "Company" and together with its subsidiaries "JTC" or the "Group")
Trading Update
JTC, the award winning provider of fund, corporate and private wealth services to institutional and private clients, today issues the following trading update following the Company's financial year end on 31 December 2018.
JTC has maintained good momentum through the second half of the year in both divisions and continues to deliver on the strategic and financial initiatives outlined at the time of its initial public offering. As a result, the Board expects that full year results will be in line with management expectations.
Nigel Le Quesne, CEO of JTC PLC, said:
"We have built on a solid first half performance with continued progress towards our goals in the second half of the year. Integration of both the Van Doorn and Minerva acquisitions has been as planned, including synergies and the transfer of new business pipeline and connected relationships, with positive feedback from clients and staff. We remain confident in our pipeline and new business wins across both divisions, incremental improvements in our global operating model and the continued opportunities for acquisitive growth. Importantly, our people remain at the heart of the business and we concluded 2018 by communicating to staff the latest iteration of our 'Ownership for All' programme, which updates it for the listed environment and supports JTC's long and established record of shared ownership for all employees."
The Company will announce its full year results for the year ended 31 December 2018 on Wednesday 3 April 2019.
Enquiries:
JTC PLC +44 (0) 1534 700 000
Nigel Le Quesne, Chief Executive Officer
Martin Fotheringham, Chief Financial Officer
David Vieira, Chief Communications Officer
Camarco +44(0)20 3757 4985
Geoffrey Pelham-Lane
Kimberley Taylor
Sophie Boyd
About JTC
JTC is an award-winning provider of fund, corporate and private wealth services to institutional and private clients. The Company has a global presence, with over 650 staff operating from a network of 20 offices and assets under administration totalling c. US$ 100 billion.
JTC remains fully committed to its shared ownership culture and philosophy, with management and staff continuing to hold over 20% of the equity in the firm, clearly aligning the interests of clients, employees and other stakeholders.
www.jtcgroup.com