Last checked at 17 Jun 2020 07:00
This announcement contains inside information as stipulated under The Market Abuse Regulation (EU No. 596/2014).
17 June 2020
RTC Group Plc
("RTC", "the Company" or "the Group")
AGM trading update
RTC Group Plc will hold its Annual General Meeting at 12 noon today. At the meeting, S L Dye, will take the Chair, and will make the following statement:
"As anticipated in our statement on 28 April 2020, due to the COVID-19 situation, some disruption has been experienced in Q2.
We continued to provide contract workers to the infrastructure and railway transportation sectors but at reduced levels from Q1. General UK recruitment and smart-meter installation activities were significantly impacted by the lockdown and our hotel and conference centre remained closed in line with Government instruction. Internationally our activities remained largely unaffected.
The Directors believe that the number of contract workers required in the infrastructure and railway transportation sectors will increase in Q3 and smart-meter installation activity will recommence.
The Board still believe that it is too early to quantify the impact of COVID-19 on revenues and operational profits for the full calendar year 2020. The Company's interim results for the six months ended 30 June 2020 will be published on or around 3 August 2020 when a further update will be issued."
S L Dye, Chair.
Enquiries:
RTC Group Plc Tel: 0133 286 1835
Bill Douie, Chairman
Andy Pendlebury, Chief Executive
SPARK Advisory Partners Limited (Nominated Adviser) Tel: 0203 368 3550
Matt Davis / James Keeshan
www.Sparkadvisorypartners.com
Whitman Howard Limited (Broker) Tel: 020 7659 1234
Nick Lovering
www.Whitman-howard.com
About RTC
RTC Group Plc is an AIM listed recruitment business that focuses on white and blue-collar recruitment, providing temporary and permanent labour to a broad range of industries and customers in both domestic and international markets through its geographically defined operating divisions.
UK division
Through its Ganymede and ATA Recruitment brands the Group provides a wide range of recruitment services in the UK.
Ganymede specialise in recruiting the best technical and engineering talent and providing complete workforce solutions to help build and maintain infrastructure and transportation for a wide range of UK and international clients. Ganymede is a market leader in providing a diverse range of people solutions to the rail, energy, construction, highways and transportation sectors. With offices strategically located across the country, Ganymede provides its clients with the benefit of a national network of skilled personnel combined with local expertise.
ATA Recruitment provide high-quality technical recruitment solutions to the manufacturing, engineering and technology sectors. Working as an engineering recruitment partner supporting businesses across the UK. ATA Recruitment has a strong track record of attracting and recruiting the best engineering talent for our clients. ATA's regional offices which are strategically located in Leicester and Leeds each have dedicated market-experts to ensure ATA delivers excellence to both our clients and candidates.
The Group headquarters are located at the Derby Conference Centre which also provides office accommodation for its operating divisions in addition to generating rental and conferencing income from space not utilised by the Group.
International division
Through its GSS brand the Group works with customers across the globe that are focused on delivering projects in a variety of engineering sectors. GSS has a track record of delivery in some of the world's most hostile locations. Working closely with its customers GSS provides contract and permanent staffing solutions on an international basis, providing key personnel into new projects and supporting ongoing large-scale project staffing needs. GSS typically recruit across a range of disciplines and skills from operators and supervisors, through to senior management level.
www.rtcgroupplc.co.uk