Bonhill Group PLC AGM Statement (9484Z)
May 27 2021 - 1:00AM
UK Regulatory
TIDMBONH
RNS Number : 9484Z
Bonhill Group PLC
27 May 2021
27 May 2021
Bonhill Group plc
("Bonhill", the "Company" or the "Group")
AGM Statement
Bonhill Group Plc (AIM: BONH), a leading B2B media business
specialising in three key areas: Business Information, Events and
Data & Analytics, is hosting its Annual General Meeting ("AGM")
today in line with the arrangements announced on 27 April 2021.
The Company is pleased to announce that trading in the year to
date is in line with market expectations for the year ending 31
December 2021.
The Company announces the following update:
-- H1 revenue is currently expected to be slightly lower than
H1 2020 as continued COVID-restrictions have resulted in an
absence of any live events in 2021. Revenue is still in line
with the Board's expectations.
-- H1 PBT loss is expected to be significantly reduced vs H1 2020,
reflecting the cost saving initiatives taken in 2020 and having
no adjusting items in 2021.
-- ESG related activity continues to dominate with continued growth
of ESG Clarity globally and the launch of the inaugural Global
ESG Summit, in partnership with the United Nations Capital
Development Fund. It has over 1,000 registered attendees and
will be streamed live across Asia, UK, Europe and the US.
-- A small number of live events are planned for H2 2021 in the
UK and US reflecting the easing of restrictions and both sponsor
and delegate support.
-- Continued development of existing brands into new territories
and the expansion of our successful and high growth content
marketing solutions business.
-- Successful completion of the head office move will result in
significant cash benefits in H2 2021 and in 2022.
Neil Sachdev, Non-Executive Chairman of Bonhill, commented:
"We have seen an encouraging start to the year despite the
ongoing challenges of the COVID-19 pandemic, demonstrating the
continued resilience of our business following the swift and
decisive action taken last year. Our performance in the absence of
live events in the first half is testament to our new digital-first
strategy and we continue to evolve to meet the needs of the market.
It has been an exciting start to the year with the launch of our
inaugural Global ESG Summit, in partnership with the UN, as we
continue to build our scale and reach, and we look forward to
hosting similar future events. Following the strong start, we
remain confident of meeting market expectations for the year."
Simon Stilwell, Chief Executive of Bonhill, commented:
"On behalf of the Board, I would like to thank Neil who steps
down from the Board at the conclusion of the AGM for his time,
effort and commitment to Bonhill over the last four years. His
support, inspiration and counsel, particularly since the
acquisition of Investment News in August 2018, have been
invaluable. During this time, we have all benefitted from his broad
business experience and leadership and Neil has been personally
engaged with our employees and the business throughout. He leaves
the Bonhill Group with our gratitude and very best wishes for the
future."
-ends-
For further enquiries please contact:
Bonhill Group plc +44 (0)20 7250 7035
Simon Stilwell, Chief Executive
Sarah Thompson, Chief Financial Officer
Shore Capital (Nominated Adviser and Joint
Broker) +44 (0)20 7408 4080
Tom Griffiths/David Coaten (Corporate Advisory)
Fiona Conroy (Corporate Broking)
Canaccord Genuity Limited (Joint Broker)
Bobbie Hilliam
Georgina McCooke +44 (0)20 7523 8000
Houston (PR Adviser)
Alexander Clelland +44 (0)20 4529 0549
About Bonhill Group plc
Bonhill Group plc is a leading, AIM-quoted, B2B media company
providing Business Insight, Events and Data & Analytics
propositions to Financial Services, Business Solutions and
Governance business communities in 25 countries. Bonhill operates
fifteen information websites, publishes four regular print titles,
hosts 120 events per annum, offers a portfolio of data &
analytics propositions and provides a range of content marketing
solutions.
The business creates content, sales and marketing opportunities,
networking events and transactional opportunities for its audiences
of entrepreneurs, business owners and managers, CTOs &
technology leaders, asset & wealth managers, and professional
women, in addition to its sponsors, advertising clients and
customers. Flagship brands include: InvestmentNews, Portfolio
Adviser, Fund Selector Asia, What Investment, SmallBusiness.co.uk,
GrowthBusiness.co.uk, Information Age, Women in... events series,
ESG Clarity and DiversityQ.
For more information visit www.bonhillplc.com
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