Business
Update on Current Trading and Notice of AGM
Update on Current Trading and Notice of AGM.
About this update from Tpximpact Holdings Plc
[{"type":"text","content":"\n\n5 September 2023\nTPXimpact Holdings PLC\n(\"TPXimpact\", \"TPX\", the \"Group\" or the \"Company\")\nUpdate on current trading and Notice of AGM\nTPXimpact Holdings PLC, the technology-enabled services company focused on people-powered transformation, provides an update on current trading and notice of AGM.\nCurrent trading\nThe Board is pleased to confirm trading in the three months to 30 June 2023 (\"Q1 2024\") was in line with management expectations, with like-for-like revenue growth of over 11% and operating margin in line with budget. As stated in the preliminary results new business wins exceeded £90 million in the quarter. Q2 2024 has started well, with like-for-like revenue growth of 26% in the month of July.\nNet debt (excluding lease liabilities) was £17.9 million at 30 June 2023. The Group's new banking covenants came into effect on 1 July 2023 and liquidity has comfortably exceeded the relevant thresholds since that date.\nManagement remains committed to achieving the FY24 targets of like-for-like revenue growth of 15-20% and Adjusted EBITDA margin of 5-6% and are encouraged by the strong start to the year.\n \nNotice of AGM\nThe Company has today posted its report and accounts for the financial year ended 31 March 2023, together with the notice of AGM, to those shareholders who have requested hard copies. Electronic copies of both documents are available to download on the Company's website at www.tpximpact.com/investor-relations in accordance with AIM Rule 20.\nThe Group's Annual General Meeting (\"AGM\") will be held on 28 September 2023 at 9:30 a.m. at the offices of Stifel Nicolaus Europe Limited, 150 Cheapside, Fourth Floor, London, EC2V 6ET.\nTPX invites shareholders to submit questions in advance of the AGM by emailing them to [email protected].\n\nQuestions should be submitted by 9 a.m. on 26 September 2023 and the Company will ensure, to the extent it is able to do so, that the answers are directly responded to, with responses to questions of common interest also made available on its website at www.tpximpact.com as soon as practical following the meeting.\n \n\nENDS \n \n\nEnquiries:\n\n\n\n\n\nTPXimpact Holdings\nBjorn Conway, CEO\nSteve Winters, CFO\nStifel Nicolaus Europe Limited\n(Nomad and Joint Broker)\nFred Walsh\nBen Burnett\n\n\n \nVia Alma PR\n \n \n+44 (0)...