TPXimpact Holdings PLC Update on Current Trading and Notice of AGM (4548L)
05 September 2023 - 2:05PM
UK Regulatory
TIDMTPX
RNS Number : 4548L
TPXimpact Holdings PLC
05 September 2023
5 September 2023
TPXimpact Holdings PLC
("TPXimpact", "TPX", the "Group" or the "Company")
Update on current trading and Notice of AGM
TPXimpact Holdings PLC, the technology-enabled services company
focused on people-powered transformation, provides an update on
current trading and notice of AGM.
Current trading
The 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 GBP90 million in the quarter. Q2 2024 has
started well, with like-for-like revenue growth of 26% in the month
of July.
Net debt (excluding lease liabilities) was GBP17.9 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.
Management 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.
Notice of AGM
The 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.
The 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.
TPX invites shareholders to submit questions in advance of the
AGM by emailing them to tpx@almapr.co.uk.
Questions 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.
ENDS
Enquiries:
TPXimpact Holdings
Bjorn Conway, CEO Via Alma PR
Steve Winters, CFO
Stifel Nicolaus Europe Limited
(Nomad and Joint Broker) +44 (0) 207 710 7600
Fred Walsh
Ben Burnett
Dowgate Capital Limited
(Joint Broker)
James Serjeant
David Poutney +44 (0) 203 903 7715
Alma PR tpx@almapr.co.uk
(Financial PR) +44 (0) 203 405 0209
Josh Royston
Kieran Breheny
Matthew Young
About TPXimpact
We believe in a world enriched by people-powered digital
transformation. Working together in close collaboration, we want to
help our clients reimagine their organisations, services and
experiences to accelerate positive change and build a future where
people, places and the planet are supported to thrive.
Led by passionate people, we care deeply about the work we do
and the impact we have in the world. Working alongside our clients
teams, we work to understand their unique challenges and find new
ways forward together; challenging assumptions, testing new
approaches and building capabilities, leaving them with the tools,
the insight and the confidence to continue iterating and
innovating.
Combining rich heritage and expertise in human-centred design,
data, experience and technology, we bring over 15 years experience
across the public, private and third sectors, creating sustainable
solutions with the flexibility to learn, evolve and change.
The business is being increasingly recognised as a leading
alternative digital transformation provider to the UK public
services sector, with c.72% of its client base representing the
public sector and c.28% representing the commercial sector.
More information is available at www.tpximpact.com .
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END
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September 05, 2023 08:05 ET (12:05 GMT)
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