NAHL GROUP PLC (NAH) — Annual General Meeting

Investor webinar replay

Replay transcript excerpt

Good morning, and welcome to the NAHL GROUP PLC Annual General Meeting. Throughout this recorded meeting, attendees will be in listen only mode. I'd now like to hand you over to Tim Aspinall, non executive chair. Good morning, Shusur. Good morning, and welcome to the twenty twenty four Annual General Meeting of NAHL GROUP PLC. I'm Tim Aspinall, Chair of the Board. And with me today are James Ceralis, our CEO Chris Hyam, our CFO Sally Tillery, Chair of the Audit and Risk Committee and Brian Phillips, Chair of the Remuneration Committee. The quorum is present, I therefore declare the meeting formally open. Now anyone joining via the investor meet company platform are reminded that they are able to observe proceedings only and are not able to vote, ask questions, or otherwise participate in the meeting. The notice calling the meeting was dispatched to all members on the 05/30/2024, and accordingly, the requisite notice has been given. You may wish to follow the proceedings of this meeting by reference to the notice itself. Before we turn to the formal business set out in the notice, I'd like to draw your attention to the trading update that the company issued this morning as an RNS on the London Stock Exchange and also on our website. We're now going to read out the update for the meeting. In the five months to 05/31/2024, our law firm, National Accident Law or NAHL has performed well as it continues its development towards maturity with the expectation that this will ultimately generate higher profits for the group. NAHL settled 19% more claims than in the equivalent period in 2023 and generated GBP 3,300,000 of cash from settlements, a 56 increase. The National Accident Helpline or NAH, as outlined in the final results on the 05/02/2024, during quarter one, we proacti...