AGM Statement (7346P)

TIDMOPM

RNS Number : 7346P

1PM PLC

07 October 2011

1PM PLC

(AIM: OPM)

AGM Statement

1pm plc ("1pm" or "the Company"), the specialist provider of lease asset finance to the SME sector, is holding its Annual General Meeting ("AGM") at The Francis Hotel, Queens Square, Bath BA1 2HH at 10.30am today.

At the AGM Maria Hampton, Managing Director, will give a presentation which will contain the following update on trading:

"It has been a pleasing start to the trading year. In the quarter to 31 August 2011 the business has generated revenue of GBP567k (Q1'10: GBP397k). Profit before tax is also ahead of the equivalent period at GBP97k (Q1'10: GBP12k). We continue to write levels of new business that grow the lease portfolio which as at 31 August 2011 was GBP10.6m (31 May 2011: GBP10.1m).

Looking ahead, management is confident that with the right support it can grow the lease portfolio further."

A copy of the presentation will be available to view on the Company's website, www.1pm.co.uk.

Contacts:

 
 1pm plc                                             www.1pm.co.uk 
 Mike Johnson, Chairman                              0844 967 0944 
 Maria Hampton, Managing 
  Director                                           0844 967 0944 
 
 WH Ireland (Nomad and 
  Broker)                                     www.wh-ireland.co.uk 
 Mike Coe / Marc Davies                              0117 945 3470 
 
 Walbrook PR Ltd                                     020 7933 8780 
 Paul McManus                 paul.mcmanus@walbrookpr.com or 07980 
                                                           541 893 
 Paul Cornelius             paul.cornelius@walbrookir.com or 07866 
                                                           384 707

About 1pm plc

1pm plc is an established small ticket leasing company focused on providing SMEs with an accessible funding pool. Customers must have clear credit histories and an ability to pay their commitments. Assets leased are business critical. 1pm typically lends between GBP1,000 - GBP30,000 for between 12 and 60 months.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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