MRL Marlowe Plc

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RNS Number : 2318M

Marlowe PLC

13 September 2023

13 September 2023

Marlowe plc

Annual General Meeting and Trading Update

Marlowe plc ("Marlowe" or the "Group"), the leader in business-critical services and software which assure regulatory compliance, provides the following trading update covering the four-month period from 1 April 2023 to 31 July 2023 (the "Period") ahead of the Group's Annual General Meeting ("AGM") to be held today at 10:00am BST at 20 Grosvenor Place, London SW1X 7HN.

Kevin Quinn, Non-Executive Chairman of Marlowe plc, will state at the AGM:

"The Group has started the year well with trading in line with expectations as it continues to deliver strong strategic progress, with high single digit organic revenue growth in the Period. We occupy resilient compliance service & software markets which demonstrate attractive structural growth. Since the start of the financial year, Marlowe has completed five acquisitions for a total enterprise value of GBP35 million, including the recent acquisition of IMSM, a key step in the Group's strategy to broaden its GRC capabilities into the highly complementary ISO certification market. We expect to continue to deliver strong performance with high single digit organic growth across FY24."

Change of Name of Nominated Adviser

The Company also announces that its Nominated Adviser and Joint Broker has changed its name to Cavendish Securities plc following completion of its own corporate merger.

For further information:

 
Marlowe plc 
Alex Dacre, Chief Executive            www.marloweplc.com 
Adam Councell, Chief Financial         Tel: +44 (0) 203 813 8498 
 Officer 
Benjamin Tucker, Investor Relations 
 Manager 
 
Cavendish Securities plc (Nominated Adviser and Joint Broker) 
Ben Jeynes                             Tel: +44 (0)20 7220 0500 
George Lawson 
 
Berenberg (Joint Broker) 
Ben Wright                           Tel: +44 (0)20 3207 7800 
Mark Whitmore 
 
Stifel (Joint Broker) 
Matthew Blawat                       Tel: +44 (0)20 7710 7688 
Francis North 
 
FTI Consulting 
Nick Hasell                          Tel: +44 (0)20 3727 1340 
Alex Le May 
 
 

About Marlowe plc

Marlowe is a leader in business-critical services and software which assure regulatory compliance. The company was formed to create sustainable shareholder value through the acquisition and development of businesses that provide regulated safety and compliance services and software. It is focused on compliance software, eLearning, health & safety, employment law & HR compliance, fire safety & security, water & air hygiene and occupational health services - all of which are vital to the wellbeing of its customers operations and are invariably governed by regulation. Marlowe currently provides software to over 1 million users and services to over 25% of Britain's commercial premises. The Group provides customers with a single outsourced, nationwide, provider of a range of regulated compliance and safety solutions. Our customers can be found in office complexes, high streets & leisure facilities, manufacturing plants and industrial estates, and include thousands of SMEs, local authorities, facilities management providers, multi-site NHS trusts and FTSE 100 companies.

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