13
August 2024
Telecom Plus
PLC
AGM Trading
Update
Telecom Plus PLC (trading as Utility
Warehouse and UW), the UK's only supplier of bundled
household utility services, is holding its Annual General Meeting
today. At the meeting the Chairman, Charles Wigoder, will
say:
"Today I am providing a trading
update for the Group for this financial year, further to our Annual
Results Announcement on 18th June.
The strong trading performance we
reported in our recent annual results is continuing, with our
unique multiservice customer proposition enabling us to sustainably
outcompete in a normalised and rational marketplace.
Our current rate of growth places us
firmly on track to double the size of the business to two million
customers over the medium term, whilst continuing to grow profits
and shareholder returns."
For
more information, please contact:
Telecom Plus PLC
Stuart Burnett, Co-CEO
020 8955 5000
Nick Schoenfeld, CFO
Peel Hunt
Dan Webster / Andrew Clark
020 7418 8900
Numis Securities
Mark Lander / Joshua Hughes
020
7260 1000
For investor relations:
Matthew Walker
07557 224386
matthew.walker@uw.co.uk
For media
relations:
Lansons Communications
LLP
Tom Baldock / Ed Hooper
07860 101715 /
07783 387713
utilitywarehouse@lansons.com
About Telecom Plus PLC ("Telecom Plus"):
Telecom Plus, which owns and
operates Utility Warehouse (UW), is the UK's leading multiservice
utility provider, offering bundled household services - energy,
broadband, mobile and insurance - through one account.
Customers benefit from the
convenience of a single monthly bill, consistently good value
across all their utilities and exceptional levels of
service.
Customers sign up through a network
of local UW Partners all across the country. These Partners
recommend UW's services to friends, family and people they know by
word of mouth.
Telecom Plus is listed on the London
Stock Exchange (Ticker: TEP LN). For further information
please visit telecomplus.co.uk
LEI code:
549300QGHDX5UKE58G86
Cautionary statement regarding
forward-looking statements
This Announcement may contain
"forward-looking statements" with respect to certain of the
Company's plans and its current goals and expectations relating to
its future financial condition, performance, strategic initiatives,
objectives and results. Forward-looking statements sometimes use
words such as "aim", "anticipate", "target", "expect", "estimate",
"intend", "plan", "goal", "believe", "seek", "may", "could",
"outlook" or other words of similar meaning. By their nature,
all forward-looking statements involve risk and uncertainty because
they are based on numerous assumptions regarding the Company's
present and future business strategies, relate to future events and
depend on circumstances which are or may be beyond the control of
the Company which could cause actual results or trends to differ
materially from those made in or suggested by the forward-looking
statements in this Announcement, including, but not limited to,
domestic and global economic business conditions; market-related
risks such as fluctuations in interest rates; the policies and
actions of governmental and regulatory authorities; the effect of
competition, inflation and deflation; the effect of legislative,
fiscal, tax and regulatory developments in the jurisdictions in
which the Company and its respective affiliates operate; the effect
of volatility in the equity, capital and credit markets on
profitability and ability to access capital and credit; a decline
in credit ratings of the Company; the effect of operational risks;
an unexpected decline in sales for the Company; any limitations of
internal financial reporting controls; and the loss of key
personnel. Any forward-looking statements made in this
Announcement by or on behalf of the Company speak only as of the
date they are made. Save as required by the Market Abuse
Regulation, the Disclosure Guidance and Transparency Rules, the
Listing Rules or by law, the Company undertakes no obligation to
update these forward-looking statements and will not publicly
release any revisions it may make to these forward-looking
statements that may occur due to any change in its expectations or
to reflect events or circumstances after the date of this
Announcement.