Last checked at 18 Jan 2017 07:00
18 January 2017
NAHL Group PLC
("NAHL" or the "Group")
Pre Close Trading Update
NAHL, the leading marketing and services business focused on the UK consumer legal market, today provides a trading update for the year ended 31 December 2016.
The Group confirms it has traded in line with Board expectations.
Following publication by the Ministry of Justice of its consultation regarding Personal Injury ("PI") claims on 17 November 2016, National Accident Helpline, the Group's PI division, as an interested stakeholder, submitted its response to the consultation in December 2016. A copy of that response is available on our website (1). The Board understands the MoJ's response to the consultation is currently due to be published in April 2017.
Fitzalan and Bush, the Group's Conveyancing and Critical Care divisions, are unaffected by this consultation and we expect both to continue to make good progress in 2017.
The interim dividend of 6.35p per share was paid on 31 October 2016 and the Group intends to propose a final dividend, payable in May 2017. The Board's dividend policy is to pay two thirds of the Group's retained earnings each year, with one third of this at the interim stage.
(1) The consultation response is available at the following link: http://www.nahlgroupplc.co.uk/announcements/national-accident-helpline-respond-to-the-governments-consultation-on-pi-reforms
For further information please call:
NAHL Group plc Russell Atkinson (CEO) Steve Dolton (CFO)
| via FTI Consulting Tel: +44 (0) 20 3727 1000 |
Investec Bank plc (NOMAD & Broker) Garry Levin David Flin James Ireland David Anderson William Godfrey
| Tel: +44 (0) 20 7597 5970 |
FTI Consulting (Financial PR) Oliver Winters Alex Beagley James Styles | Tel: +44 (0) 20 3727 1000 |
Notes to Editors
NAHL Group
NAHL Group plc is a leading UK consumer marketing business focused on the UK legal services market. The Group comprises three companies: National Accident Helpline (NAH), Fitzalan Partners (Fitzalan) and Bush & Company Rehabilitation (Bush). NAH provides outsourced marketing services in the personal injury market, Fitzalan, which includes Searches UK a leading conveyancing search provider, provides marketing services in the property market and Bush provides a range of specialist services in the catastrophic injury market.
More information is available at www.nahlgroupplc.co.uk and www.national-accident-helpline.co.uk.