TIDMELIX
RNS Number : 8395Y
Elixirr International PLC
08 January 2024
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF REGULATION 596/2014 AS IT FORMS PART OF UK DOMESTIC
LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS
AMENDED.
8 January 2024
ELIXIRR INTERNATIONAL PLC
Trading Update, Change to Dividend Policy and Interim
Dividend
The Board of Elixirr International plc (AIM: ELIX) ("Elixirr",
the "Company") the established, global, award-winning, challenger
consultancy, is pleased to provide an update on trading in the year
ended 31 December 2023 ("FY23"), advise shareholders of a change in
dividend policy and announce an interim dividend.
Trading
Subject to audit, FY23 results are expected to be in line with
market expectations with:
- Revenue within the guidance range of GBP85m - GBP90m
- Adjusted EBITDA of approximately GBP25.4 million
- Year-end cash of approximately GBP17.9 million
Dividend Policy
In line with comparable companies, the Board has decided to
declare two dividends per year, with an interim dividend payable
shortly after the end of the year and a final dividend payable in
August.
Interim Dividend
The Company is declaring an interim dividend (the "Dividend") of
5.3p per Ordinary Share.
The Dividend will be payable to Shareholders on the register at
19 January 2024 and has an associated ex-dividend date of 18
January 2024. The Dividend of approximately GBP2.5 million in total
will be paid to Shareholders on 15 February 2024 and funded from
the Company's existing cash reserves.
For further information please contact:
Elixirr International plc
Stephen Newton, CEO
Graham Busby, CFO
Public and Investor Relations contacts:
investor-relations@elixirr.com
Cavendish Capital Markets Ltd (Nominated Adviser +44 (0) 20 7220
& Joint Broker) 0500
Stephen Keys, Charlie Beeson (Corporate Finance),
Sunila De Silva (ECM)
Investec Bank plc (Joint Broker) +44 (0) 20 7597
Carlton Nelson, Henry Reast (Corporate Broking) 4000
About Elixirr International plc
Elixirr is an established global award-winning management
consultancy, challenging the larger consultancies by delivering
innovative and bespoke solutions to a repeat, globally-recognised
client base.
Elixirr was founded in 2009, by Stephen Newton, Graham Busby,
Ian Ferguson, Andy Curtis and Mark Goodyear, experienced business
advisors who identified a market opportunity to provide bespoke,
personal services as a 'challenger' to the traditional consultancy
businesses in the market. Elixirr guides its clients to overcome
challenges such as: future-proofing against technological
disruption; development and roll-out of innovative new
propositions, products and services; incubating new businesses;
navigating a more complex and multinational regulatory environment;
and project management and implementation of major change
programmes.
General
This announcement is for information purposes only and does not
constitute or form part of any offer to issue or sell, or the
solicitation of an offer to acquire, purchase or subscribe for, any
securities in any jurisdiction and should not be relied upon in
connection with any decision to subscribe for or acquire ordinary
shares in the capital of the Company. In particular, this
announcement does not constitute or form part of any offer to issue
or sell, or the solicitation of an offer to acquire, purchase or
subscribe for, any securities in the United States.
This announcement has been issued by, and is the sole
responsibility of, the Company. No person has been authorised to
give any information or to make any representations other than
those contained in this announcement and, if given or made, such
information or representations must not be relied on as having been
authorised by the Company.
No statement in this announcement is intended to be a profit
forecast or profit estimate and no statement in this announcement
should be interpreted to mean that earnings per share of the
Company for the current or future financial years would necessarily
match or exceed the historical published earnings per share of the
Company.
This announcement may include statements that are, or may be
deemed to be, "forward-looking statements". These forward-looking
statements can be identified by the use of forward-looking
terminology, including the terms "believes", "estimates", "plans",
"projects", "anticipates", "expects", "intends", "may", "will",
"would" or "should" or, in each case, their negative or other
variations or comparable terminology. These forward-looking
statements include matters that are not historical facts. They
appear in a number of places throughout this announcement and
include statements regarding the directors of the current Company's
intentions, beliefs or expectations concerning, among other things,
the Company's results of operations, financial condition,
liquidity, prospects, growth, strategies, and the Company's
markets. By their nature, forward-looking statements involve risk
and uncertainty because they relate to future events and
circumstances. Actual results and developments could differ
materially from those expressed or implied by the forward-looking
statements. Forward-looking statements may and often do differ
materially from actual results. Any forward-looking statements in
this announcement are based on certain factors and assumptions,
including the directors of the Company's current view with respect
to future events and are subject to risks relating to future events
and other risks, uncertainties and assumptions relating to the
Company's operations, results of operations, growth strategy and
liquidity. Whilst the directors of the Company consider these
assumptions to be reasonable based upon information currently
available, they may prove to be incorrect. Save as required by
applicable law, the AIM Rules or the Disclosure Guidance and
Transparency Rules of the Financial Conduct Authority, the Company
undertakes no obligation to release publicly the results of any
revisions to any forward-looking statements in this announcement
that may occur due to any change in the directors of the Company's
expectations or to reflect events or circumstances after the date
of this announcement.
Neither the content of the Company's website nor any website
accessible by hyperlinks to the Company's website is incorporated
in, or forms part of, this announcement.
Certain figures contained in this announcement, including
financial information, have been subject to rounding adjustments.
Accordingly, in certain instances, the sum or percentage change of
the numbers contained in this announcement may not conform exactly
with the total figure given.
All references to time in this announcement are to London time,
unless otherwise stated.
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END
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