W.H. Ireland Group PLC Trading Update & Change of Accounting Ref Date (6563I)
June 21 2017 - 1:00AM
UK Regulatory
TIDMWHI
RNS Number : 6563I
W.H. Ireland Group PLC
21 June 2017
WH Ireland Group Plc
("WH Ireland" or the "Company")
Trading update & change of Accounting Reference Date
Trading update
The Board of WH Ireland today releases the following trading
update for the six month period ended 31 May 2017 and notification
of a change of its accounting reference period.
The first six months of the financial year has seen further
significant progression across the Company, with both divisions
reporting strong momentum both in absolute terms and also relative
to the comparative period a year ago, and the first half figures
will show a significant improvement on those for the previous
year.
The Corporate and Institutional Broking division has witnessed a
significant increase in transactional revenue, accelerating the
client driven activity that we witnessed in the second half of last
year. Our pipeline of new business is at the highest that it has
been for several years reflecting not just an increased appetite
for new issuance by existing clients, but also the result of new
growth initiatives within the division beginning to contribute to
revenue.
The Private Wealth Management division has continued to develop
its client proposition around advice and fee related business. Our
Wealth Planning business has had a particularly strong first half.
At the interim period end our assets under management and
administration had increased to in excess of GBP3billion, of which
the fastest growing service proposition has remained our
discretionary fund management service.
The Board remains cautiously optimistic in relation to the rest
of the period despite the obvious headwinds around both UK politics
and the economy.
Change of Accounting Reference Date
The Company confirms today that it has agreed to change its
accounting reference date, with immediate effect, from 30 November
to 31 March.
Accordingly the Company will release its unaudited interim
results for the six month period ending 31 May 2017 on or around 24
July 2017; a second set of unaudited interim results for the six
months ending 30 November 2017 by the end of January 2018; and the
Company's final results for the 16 month period ending 31 March
2018 by the end of June 2018.
Post this transitional 16 month period, the Company will look to
report as follows:
-- six month unaudited interim results to 30 September 2018 to
be announced on or before 30 November 2018 (and similarly in
subsequent periods); and
-- audited final results for the year ending 31 March 2019 to be
announced on or before 30 June 2019 (with the same timetable in
subsequent periods).
Further updates will be provided as required.
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulation (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
For further information please contact:
WH Ireland Group plc www.whirelandplc.com
Richard Killingbeck, Chief Executive Officer +44(0) 20 7220
1666
SPARK Advisory Partners
Limited
Mark Brady/Miriam Greenwood +44(0) 203 368 3551/3550
This information is provided by RNS
The company news service from the London Stock Exchange
END
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