Business
AGM Trading Statement
AGM Trading Statement.
About this update from Fintel Plc
[{"type":"text","content":"\n\n 18 May 2023\nFintel plc\n(the \"Company\" or \"Fintel\")\n \nAnnual General Meeting Statement\n \nFintel plc (AIM: FNTL), as previously announced, is holding its Annual General Meeting (\"AGM\") today at 10:00 at Fintel House, St Andrew's Road, Huddersfield, HD1 6NA.\nTRADING UPDATE\nThe Company is pleased to report continued trading in line with the Board's expectations, coupled with operational progress in line with the company's strategy.\nWe continue to benefit from a strong balance sheet with our unaudited net cash position increasing to c.£13.6m of net cash as of 30 April 2023 (31 December 2022: £12.8m), providing significant flexibility for inorganic and organic growth opportunities. \nThe Board remains confident that Fintel's strategy, underpinned by positive market dynamics, positions it well to deliver strong and sustainable growth.\nWe look forward to updating shareholders again in our half year trading update in July 2023 and interim results in September 2023.\nTHE BOARD\nAs previously announced, Ken Davy will be stepping down today from the role of Chair of the Company and will be succeeded by Phil Smith, who was Independent Non-Executive Director of Fintel. Ken will remain on the Board as a Non-Executive Director.\nKen Davy remarked: \"I am delighted that Phil is stepping up to succeed me in the role as Chair of Fintel. Phil brings a wealth of industry knowledge, leadership qualities and business transformation experience, fully aligned to the strategic direction of Fintel. We are confident that Phil will take Fintel to even greater heights and the Board will fully support him in this endeavour.\nPhil Smith commented: \"Having had the pleasure of serving on the Board of Fintel for the last year, it is my privilege to be taking over as Chair of this incredible company. I am grateful to Ken for his ongoing counsel and support and look forward to continuing to work with him, and the wider Board, as Fintel continues to execute its growth strategy.\"\nFor further information, please contact:\n \n\n\n\n\n\n\nFintel plc\nMatt Timmins (Joint Chief Executive Officer)\nNeil Stevens (Joint Chief Executive Officer)\nDavid Thompson (Chief Financial Officer)\n \n\n\nvia MHP Group\n\n\n\n\nZeus (Nominated Adviser and Joint Broker)\nMartin Green\nDan Bate\n \n\n\n+44 (0) 20 3829 50...