4 Dec 2018 07:00
4 December 2018
1pm plc
(the "Group" or the "Company")
Trading & Dividend Update; Notice of 2019 Interim Results
Positive trading momentum maintained; Current trading in line with expectations;
First interim dividend planned;
1pm plc, the AIM listed independent specialist finance provider, is pleased to announce that the unaudited results for the first half of the current financial year, which ended on 30 November 2018, will be in line with the Group's expectations, demonstrating continued positive trading momentum and good new business origination across the Group.
The Group's Interim Results are scheduled for release on 16 January 2019 and it is the Board's intention to declare an interim dividend alongside the publication of these results for payment in April 2019. This will be the Group's first interim dividend. It is expected to equate to one-third of the total payment planned for the financial year ending 31 May 2019, in accordance with the Group's progressive dividend policy, announced on 26 July 2018.
For further information, please contact: |
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1pm plc |
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Ian Smith, Chief Executive Officer | 01225 474230 |
James Roberts, Chief Financial Officer | 01225 474230 |
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Cenkos (NOMAD) |
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Max Hartley, Julian Morse (Sales) | 0207 397 8900 |
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Walbrook PR | 0207 933 8780 |
Paul Vann | 07768 807631 |
| paul.vann@walbrookpr.com |
About 1pm:
1pm's strategy is to focus on providing or arranging the finance UK SMEs require to fund their businesses and arranging vehicle and property-backed finance for consumers. The multi-product range for SMEs includes asset, vehicle, loan and invoice finance facilities. The Group operates a "hybrid" lending and broking model enabling it to optimize business levels through market and economic cycles.