AGM and Trading Update
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Fintel plc (AIM: FNTL), as previously announced, is holding its Annual General Meeting ("AGM") today at 10.00 a.m. BST at Fintel House, St Andrew's Road, Huddersfield, HD1 6NA.
Trading update
The Group continues to execute against its strategy and is trading in line with the Board's expectations.
The Group has made further strategic progress, completing four complementary acquisitions and investments since the start of the year, including the acquisitions of Synaptic Software, Owen James and ifaDASH, alongside investment in Mortgage Brain.
With our unaudited gross cash position of £10.6m as at 30 April 2024, net debt of £0.4m and £69m headroom within our £80m revolving credit facility, we remain well positioned to capitalise on organic growth opportunities and our strong M&A pipeline.
The Board remains confident that Fintel's strategy will deliver sustainable long-term growth, underpinned by positive market dynamics and structural growth drivers including evolving regulation, FCA Consumer Duty and demand for technology and data.
We look forward to updating shareholders again in our half year trading update in July 2024 and interim results in September 2024.
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