TIDMCTH

RNS Number : 5545R

CareTech Holdings PLC

09 March 2021

 
     9 March 2021

CareTech Holdings PLC

("CareTech" or "the Group")

AGM Statement

CareTech Holdings PLC (AIM: CTH), a pioneering provider of specialist social care and education services to adults and children in the UK, will hold its closed Annual General Meeting ("AGM") at 10:00am today at CareTech's headquarters, Metropolitan House, 3 Darkes Lane, Potters Bar, Hertfordshire EN6 1AG.

At the AGM, Farouq Sheikh, Executive Chairman of CareTech, will confirm that the Group's trading performance to-date for FY 2021 is in-line with the Board's and market's expectations and that the Group has successfully maintained its proactive approach to managing the impact of COVID-19.

The Group's priority has continued to be the safety, health and well-being of its employees and on continuing to deliver a high quality service to those in its care. Following on from previous announcements, all operational sites continue to be open in the current lockdown and, in the absence of routine regulatory inspections, the Group has effectively reinforced the management of quality and care governance functions keeping to its high standards.

CareTech's financial position remains robust with strong cash generation being deployed across a growing pipeline of development opportunities across the Group as well as continuing to de-lever in line with stated targets.

No other new material information will be disclosed.

The results of CareTech's AGM resolutions will be announced following the meeting later today.

For further information, please contact:

   CareTech Holdings PLC                                                  01707 601800

Farouq Sheikh, Executive Chairman

Christopher Dickinson, Group Finance Director

   Consilium Strategic Communications                           020 3709 5700

Mary-Jane Elliott

Chris Welsh

Angela Gray

   Panmure Gordon (Nomad and Joint Broker)                020 7886 2500

Emma Earl

Freddy Crossley

Charles Leigh-Pemberton

   Numis (Joint Broker)                                                       020 7260 1000

Jonathan Wilcox

James Black

Duncan Monteith

About CareTech

CareTech Holdings PLC is a leading provider of specialist social care services supporting around 5,000 adults and children with a wide range of complex needs in more than 550 day services the UK employing more than 10,500 staff; and an emerging presence in international markets.

Committed to the highest standards of care and care governance, CareTech's innovative Care Pathway covers Foster care, Children's Services, Adults Services and Technology Solutions.

CareTech, which was founded in 1993, began trading on the AIM market of the London Stock Exchange in October 2005 under the ticker symbol CTH.

For further information please visit: www.caretech-uk.com

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March 09, 2021 02:00 ET (07:00 GMT)

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