Last checked at 21 Mar 2018 11:00
21 March 2018
RM plc
Annual General Meeting Statement
At the AGM of RM plc ("RM"), a leading supplier of technology and resources to the education sector, to be held today at 11.30am, John Poulter, Chairman, will make the following statement:
"All three divisions continue to make progress. Trading in the first quarter has been consistent with the Board's expectations, taking into account the usual seasonal pattern of demand.
In March, RM Results signed a 32 month contract with Singapore Examination and Assessment Board (SEAB) to deliver their new Integrated Digitisation of Scripts and Electronic Marking System with the option to provide an additional four years of support and maintenance. This contract win continues the trend of an increasing number of opportunities in e-assessment.
Net debt as at 28 February was £26.1m.
The full year outlook for the Group remains in-line with the Board's expectations.
The Board is recommending a final dividend of 4.95 pence per share which, together with the interim dividend paid in September 2017, constitutes a total dividend for the year ended 30 November 2017 of 6.60 pence per share, an increase of 10% over the prior year. The Board remains committed to a dividend policy with the objective of a dividend cover of two to three times."
Contacts
RM plc 08450 700 300
David Brooks, Chief Executive Officer
Neil Martin, Chief Financial Officer
Greg Davidson, Company Secretary
FTI Consulting 020 3727 1000
Jamie Ricketts
Elena Kalinskaya