Last checked at 2 Nov 2022 07:00
This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.
2 November 2022
MALVERN INTERNATIONAL PLC
("Malvern", the "Company" or the "Group")
Trading update
Malvern International plc (AIM: MLVN), the global learning and skills development partner, is pleased to provide a trading update ahead of the General Meeting being held later today.
University Pathways
Whilst numbers are not yet certain, based on deposits, we expect this coming January's student intake for pathways to be significantly ahead of the previous January's intake and management's budget. This is the product of the strategic investment over the last two years in sales and marketing, management team and processes within our University Partnerships structure.
English Learning Training ("ELT") and Juniors
The results from our Summer British Council inspection of our Language in Action junior programmes have been published and are available to view on this link (https://www.britishcouncil.org/sites/default/files/language_in_action_full_2022_published.pdf). The final result is excellent and puts us in the top quartile of inspections in the industry. The Malvern Board see this as a great result not only for the team running the Junior division but for ongoing marketing of our products for 2023 and beyond. Our next full inspection of Junior programmes is due in 2026.
For ELT, Q4 is a period where the sales cycle begins for 2023. Our team will be attending events and focusing on building our international agent network.
The Board believes Malvern in a strong position to grow its market share in 2023 and beyond.
For further information please contact:
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Malvern International Plc | www.malverninternational.com |
Mark Elliott - Chairman | Via our website |
Richard Mace - Chief Executive Officer
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WH Ireland (NOMAD & Broker) | www.whirelandcb.com |
Mike Coe / Sarah Mather | 0207 220 1666 |
Notes to Editors:
Malvern International is a learning and language skills development partner, offering international students essential academic and English language skills, cultural experiences and the support they need to thrive in their academic studies, daily life and career development.
University Pathways - on and off-campus university pathway programmes helping students progress to a range of universities, as well as in-sessional and pre-sessional courses.
Malvern House Schools - British Council accredited English Language Training at English UK registered schools in London, Brighton and Manchester.
Malvern Online Academy - British Council accredited online school, offering supported tuition to students from around the world in English language, higher education, and professional education.
Juniors and summer camps - fully-immersive summer residential English language camps and bespoke group programmes for 13 to 18 year olds.
For further investor information go to www.malverninternational.com