TIDMSECG

RNS Number : 5427Q

SEC Newgate S.p.A.

19 June 2020

This announcement replaces RNS number 5125Q released at 10.48 a.m. on 19 June 2020. The CEO's quote now includes unaudited four-month consolidated gross profit (c. EUR19.0m) and profit before tax (c. EUR760k) figures. All other details remain the same and the full corrected announcement is set out below.

19 June 2020

SEC Newgate S.p.A.

("SEC Newgate", the "Group" or the "Company")

Result of Annual General Meeting

SEC Newgate (AIM: SECG), the international communications, advocacy and research group, is pleased to announce that at the adjourned annual general meeting ("AGM") held earlier today all resolutions were duly passed.

Fiorenzo Tagliabue, CEO of SEC Newgate, commented:

"The success of the most significant corporate event of 2019 is clear in our results and we continued to reap the benefits of the enlarged Group in the first four months of the current year. Despite the challenges of the Coronavirus emergency the Group's performance, up to the end of April 2020, is stable and remains in line with budget, with a consolidated gross profit of c. EUR19.0 million (unaudited) and consolidated profit before tax of c. EUR760 k (unaudited).

"All this is the output of a clear vision, strong management, a shared sense of ownership throughout the Group and an incredible team of world class professionals. All these strengths were immediately clear when the Coronavirus emergency struck. As a Group we initiated clear actions to protect the finances of the business and each or our subsidiary businesses developed effective commercial initiatives to retain existing clients and continue winning new mandates to expand the client base.

"I am confident that 2020 will confirm the consistent excellence of our work."

Further information:

For further information please contact:

 
 SEC Newgate S.p.A. 
 Fiorenzo Tagliabue (Group CEO)        Telephone: +39 335 6008858 
                                        tagliabue@secrp.com 
 Emma Kane (Deputy Group CEO,          Telephone: +44 (0) 20 
  CEO Newgate Communications UK)        3757 6860 
                                        emma.kane@newgatecomms.com 
 Federico Vecchio (Group CFO) /        federico.vecchio@secnewgate.com 
  Sergio Penna (Group CFO)              penna@secrp.com 
 
   Arden Partners (Nominated Adviser 
   and Broker) 
 Richard Johnson / Benjamin Cryer      Telephone: +44 207 614 
                                        5900 
 

Notes to Editors about SEC Newgate

   --          Further information is available at www.secnewgate.com 

-- On 3 September 2019, SEC S.p.A. and Porta Communications Plc merged to create SEC Newgate S.p.A.

-- The Group's principal brands are: ACH SEC Global (Spain); Cambre Associates (Belgium); Cambre Maroc (Morocco); Clai (France); Kohl PR (Germany); Martis Consulting (Poland); SEC Latam (Colombia); Newgate Communications (Abu Dhabi, Australia, Greater China, Singapore, UK); Newington (UK); Publicasity (UK); SEC Newgate S.p.A. (Italy); and 2112 (UK).

***

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). With the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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June 19, 2020 08:35 ET (12:35 GMT)

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