19th Mar 2014 12:00
19 March 2014
RM plc
Interim Management Statement
At its AGM today, RM issued the following trading update, forming its Interim Management Statement for the three months ending 28 February 2014.
Trading in the first quarter has been in line with the Board's expectations, taking into account the usual seasonal pattern in the UK schools marketplace.
The restructuring project in the Education Technology division is proceeding satisfactorily to planned budget and timescales.
Cash and short-term deposits at 28 February 2014 (prior to the announced escrow payment to the Pension Scheme and the proposed Special Dividend) were £60.7m (28 February 2013 £39.4m).
Following the retirement of Jo Connell at the AGM, Deena Mattar has been appointed Senior Independent Director.
Contacts:
RM plc 08450 700300
David Brooks, Chief Executive Officer
Iain McIntosh, Chief Financial Officer
FTI Consulting 020 7831 3113
Sophie McMillan / Tracey Bowditch
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