AGM Statement

AIM: NARS

Nationwide Accident Repair Services plc

("Nationwide" or "the Company")

AGM Trading Statement

Nationwide, the largest dedicated provider of automotive crash repair services in the UK, will be holding its Annual General Meeting this morning and Chairman, Michael Marx, will make the following statement on current trading. 

"I am pleased to report that trading in the current financial year, which started on 1 January 2014, has been encouraging and in line with management expectations. Following the successful integration of last year's Exway acquisition, the Howard Basford bodyshop chain acquired in February 2014 is also performing as anticipated.

As I stated in my Chairman's Statement in the Annual Report, we are confident that the operational, strategic and financing measures that we have adopted are the catalyst for positive growth during 2014 and beyond. This remains the case and the contract extension (announced on 26 June via RNS REACH) with AXA UK for additional work worth an estimated £10m per annum is an encouraging development in support of the Group's trading performance in the current financial year and beyond."

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About Nationwide Accident Repair Services plc

Nationwide provides automotive crash repair and accident administration services to the UK insurance industry, fleet operators and retail customers and is the largest dedicated provider of accident repair services in the UK. 

The Group operates a national network of accident repair centres across England, Scotland and Wales and has dedicated mobile repair fleets which repair light damage and automotive glass. Other services include accident administration, courtesy cars and salvage management. All Nationwide's services are fully integrated and unified on a single IT platform, enabling the Group to provide market-leading standards.