Last checked at 23 Mar 2016 11:00
23rd March 2016
RM plc
Annual General Meeting Statement
At the AGM of RM plc, the educational IT and resources group ("RM"), to be held today at 11.30am, John Poulter, Chairman, will make the following statement:
"The UK market for educational products and services remains subdued. Trading in the first quarter has been consistent with the Board's expectations, taking into account the usual seasonal pattern of demand.
Cash and short-term deposits as at 29th February were £34.4m. This is after an £8m cash payment into the RM defined benefit pension scheme as agreed as part of the triennial valuation deficit recovery plan announced in December 2015.
In the light of the strong performance of the business in 2015, the Board is recommending a final dividend of 3.80 pence per share which would constitute, at 5.00 pence in total, an increase of 25% over the prior year."
Contacts:
RM plc 08450 700300
David Brooks, Chief Executive Officer
Neil Martin, Chief Financial Officer
Greg Davidson, Company Secretary
FTI Consulting 020 3727 1000
Chris Lane / Danny Wong
The RM plc group comprises the following divisions:
RM Resources
The RM Resources Division consists of the operating business TTS. TTS is a leading provider of physical resources to UK schools, with over 19,000 product lines and an established leadership position in Primary and Early Years age groups.
RM Results
The RM Results business provides IT software and services to enable onscreen exam marking (e-marking), onscreen testing (e-testing) and the management and analysis of educational data. Its customers include government ministries, exam boards and professional awarding bodies in the UK and around the world.
RM Education
RM Education is a UK focused business supplying IT software, services and hardware to schools and colleges.