This announcement contains inside
information as stipulated under The Market Abuse Regulation (EU No.
596/2014).
5 June 2024
RTC Group
Plc
("RTC",
"the Company" or "the Group")
AGM trading
update
RTC Group Plc will hold its Annual
General Meeting at 12 noon today. At the meeting, A M
Pendlebury, Executive Chairman and Chief Executive, will make the
following statement:
"I am pleased to report that since
publication of the 2023 results in March the Company continues to
trade on a positive trajectory with trading levels ahead of the
same period in 2023. The Company trades without long-term gearing
and continues to build its balance sheet through the generation of
strong operating cash flows.
Furthermore, and as I have
previously stated, our key strategic objectives moving into 2024
are to continue to take advantage of our favourable positioning in
solid markets to enhance profitability and support our strategy of
returning cash through dividends to our shareholders.
Longer-term we aim to further build shareholder value through our
diverse and growing order book, and to strengthen the Group Board
for better and broader governance. I am extremely confident we are
making significant progress on all fronts.
The Board is confident of the
trading prospects of the Company in the current financial
year."
ENDS
Enquiries:
About RTC
RTC Group Plc is an AIM listed
business that focuses on white and blue-collar recruitment,
providing temporary and permanent labour to a broad range of
industries and customers in both domestic and international markets
through its geographically defined operating divisions.
UK
division
Through its Ganymede and ATA
Recruitment brands the Group provides a wide range of recruitment
services in the UK.
Ganymede specialise in recruiting
technical and engineering talent and providing complete workforce
solutions to help build and maintain infrastructure and
transportation for a wide range of clients. Ganymede is a market
leader in providing a diverse range of people solutions to the
rail, energy, construction, highways, and transportation sectors.
With offices strategically located across the country, Ganymede
provides its clients with the benefit of a national network of
skilled personnel combined with local expertise.
ATA Recruitment provide technical
recruitment solutions to the manufacturing, engineering, and
technology sectors. Working as an engineering recruitment partner
supporting businesses across the UK. ATA Recruitment has a strong
track record of attracting and recruiting engineering talent for
our clients. ATA's regional offices which are strategically located
in Leicester and Leeds each have dedicated market-experts to ensure
ATA delivers excellence to both our clients and
candidates.
International division
Through its GSS brand the Group
works with customers across the globe that are focused on
delivering projects in a variety of engineering sectors. GSS has a
track record of delivery in some of the world's most hostile
locations. Working closely with its customers GSS provides contract
and permanent staffing solutions on an international basis,
providing key personnel into new projects and supporting ongoing
large-scale project staffing needs. GSS typically recruit across a
range of disciplines and skills from operators and supervisors,
through to senior management level.
UK
Central Services
The Group headquarters are located
at the Derby Conference Centre which also provides office
accommodation for its operating divisions in addition to generating
rental and conferencing income from space not utilised by the
Group.