Gateley Holdings Plc (LON:GTLY), the national commercial law and complementary professional services group, is today holding its Annual General Meeting at 12.30pm at the Company’s offices at One Eleven, Edmund Street, Birmingham, B3 2HJ. The Non-Executive Chairman, Nigel Payne, will make the following statement at the meeting:
“The Board is pleased to report that the business continues to perform well and is trading in line with management’s expectations. Following a year of significant expansion and investment, Gateley continues to achieve solid organic growth, whilst remaining focused on the execution of its stated ambition of seeking complementary acquisitions which are earnings accretive to the Group. Driven by the strength of its service offering, its ability to retain and attract excellent staff and expand on existing client relationships, Gateley remains well placed for the future. Further new recruits have settled in well across the Group including professional staff in Gateley Hamer, Gateley Capitus and across its core national legal divisions.
In the last financial year, Gateley has introduced a range of employee share schemes that enable all staff to acquire shares and participate in its long term financial success. We were delighted with the staff response to these schemes and the extent of the staff participation.
At the AGM shareholders are being asked today to approve, amongst other things, a final dividend of 4.4 pence per ordinary share, which, if approved, will be paid on 4 October 2017 to those shareholders on the register at the close of business on 8 September 2017. This dividend will result in a total dividend for the year ended 30 April 2017 of 6.6 pence per ordinary share.
Finally, the Board notes that today is the last day of Michael Seabrook’s term of office as a director of the Company. The Board would like to thank Michael for his service and wish him well for the future. In addition, today we welcome Suki Thompson to the Board and we look forward to benefiting from her experience and working with her.”
