26th Apr 2017 07:00
HML Holdings plc
("HML", "the Company" or "the Group")
Trading Update
HML Holdings plc (AIM: HMLH), a leading provider of property management, insurance and ancillary services to residential property blocks, announces an update on trading for the 12 month period ended 31 March 2017 in advance of the expected announcement of its full year results in late June 2017.
During the 12 month period, the Group has continued to execute its acquisitive growth strategy completing 6 acquisitions. In addition, the existing businesses have continued to enjoy organic growth in units under management. The Company has also undertaken a £2 million placing that was heavily oversubscribed to help fund this growth and widen the shareholder register. The board anticipates being able to announce earnings in line with market expectations.
Robert Plumb, CEO of HML, commented:
"With the continued support of our investor base, we have substantially grown both our client base and our office network. With the integrations of the acquisitions well underway we look forward to an exciting 2018."
The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.
For further information, please contact:
HML Holdings plc
Robert Plumb, Chief Executive Officer
James Howgego, Finance Director Tel: 020 8439 8529
finnCap
Jonny Franklin-Adams / Giles Rolls - corporate finance Tel: 020 7220 0500
Mia Gardner - corporate broking
Tavistock Communications Group
James Verstringhe/Jeremy Carey Tel: 020 7920 3150
Related Shares:
HMLH.L