RM plc: Annual General Meeting Statement (1322991)
April 07 2022 - 6:00AM
UK Regulatory
RM plc (RM.) RM plc: Annual General Meeting Statement
07-Apr-2022 / 11:00 GMT/BST Dissemination of a Regulatory
Announcement that contains inside information according to
REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. The
issuer is solely responsible for the content of this
announcement.
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7th April 2022
RM
Annual General Meeting Statement
The AGM of RM plc ("RM"), a leading supplier of technology and
resources to the education sector, will be held today at 11:30am.
At the meeting, Helen Stevenson, Chairman, will make the following
statement:
"The first quarter of 2022 has provided a challenging backdrop,
in particular the inflationary and supply chain environments.
Whilst we remain mindful of the uncertain economic conditions, the
full-year outlook for the Group remains unchanged.
RM's net debt as at 31 March 2022 is GBP39m (March 2021: GBP10m)
reflecting normal operating cash outflows and the previously
announced step-up in investment into the two capital programmes -
the consolidation of five distribution centres into a single
automated facility and the implementation of a new group-wide IT
platform, both of which are planned to complete this year.
At our full-year results, we outlined our intention to invest to
establish a clear path to sustainable organic growth. The
leadership team is progressing against that plan but as stated
previously, it will take time to unlock growth and realise the full
benefits."
Contacts:
RM plc 08450 700 300
Neil Martin, Chief Executive Officer
Mark Berry, Chief Financial Officer
Headland Consultancy (PR adviser to RM) 0203 805 4822
Stephen Malthouse (smalthouse@headlandconsultancy.com)
Notes to Editors:
RM provides market-leading products and services to educational
institutions, exam bodies and international governments which
improve, simplify and support education and learning.
The education sector is transforming, and RM is well positioned
to capitalise on this through its three divisions.
RM Resources is the established provider of education resources
for early years, primary schools and secondary schools across the
UK and to 80 countries internationally.
RM Assessment is a leading provider of assessment software,
supporting exam awarding bodies, universities and governments
worldwide to digitise their assessment delivery
RM Technology is a market-leading supplier of ICT software,
technology and services to UK schools and colleges
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ISIN: GB00BJT0FF39
Category Code: AGM
TIDM: RM.
LEI Code: 2138005RKUCIEKLXWM61
OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State
Sequence No.: 154287
EQS News ID: 1322991
End of Announcement EQS News Service
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