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RNS Number : 6984X Gateley ( Holdings ) PLC 06 May 2021 6 May 2021 THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET ABUSE ( AMENDMENT ) ( EU EXIT ) REGULATIONS 2019/310 GATELEY ( HOLDINGS ) PLC ( " Gateley " or the " Group " ) Gateley ( AIM : GTLY ) , the legal and professional services group , provides the following update in respect of the Group's trading for the year ended 30 April 2021 ( " FY21 " ) . The Board is pleased to report that , following a very strong end to the financial year , revenue in FY21 is expected to be materially ahead of consensus market expectations * . As a result of the Group's continuing prudent approach to costs and cash management , profitability is therefore expected to be more significantly ahead of consensus market expectations with a cash position at 30 April 2021 substantially ahead of consensus market expectations . The Board confirms that it intends to recommence dividend payments , and will pay a dividend for this financial year in line with its previous policy of distributing up to 70 % of profit after tax . The Board is also pleased to announce that as part of this total dividend payment for the year , it intends to declare an interim dividend of 2.5p per ordinary share , details of which will be announced in due course . Rod Waldie , Chief Executive Officer of Gateley , said : " I am delighted to report this outperformance , which demonstrates the Group's well balanced and resilient business model and provides further validation of our strategy to continue to build a substantial and well - diversified professional services group . " Further details will be provided in a pre - close trading statement , which will be announced later this month . * Gateley believes consensus market expectations , prior to this announcement were : revenue of £ 111.7m , Adjusted PBT of £ 14.7m and net cash of £ 8.4m . Enquiries : Gateley ( Holdings ) Plc Neil Smith , Finance Director Nick Smith , Acquisitions Director and Head of Investor Relations Cara Zachariou , Head of Corporate Communications TRADING UPDATE finnCap - Nominated adviser and broker Matt Goode / James Thompson ( Corporate Finance ) Andrew Burdis ( ECM ) N + 1 Singer - Joint broker Peter Steel ( Corporate Finance ) Rachel Hayes ( Corporate Broking ) Belvedere Communications Limited - Financial PR Cat Valentine ( cvalentine@belvederepr.com ) Keeley Clarke ( kclarke@belvederepr.com ) TSTDKPBPCBKDQPK Tel : +44 ( 0 ) 121 234 0196 Tel : +44 ( 0 ) 20 7653 1665 Tel : +44 ( 0 ) 121 234 0074 / Mob : +44 ( 0 ) 7703 684 946 Tel : +44 ( 0 ) 20 7220 0575 Tel : +44 ( 0 ) 20 7496 3000 Mob : +44 ( 0 ) 7715 769 078 Mob : +44 ( 0 ) 7967 816 525 gateleypr@belvederepr.com This information is provided by RNS , the news service of the London Stock Exchange . RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom . Terms and conditions relating to the use and distribution of this information may apply . For further information , please contactrns@lseg.com or visit www.rns.com . RNS may use your IP address to confirm compliance with the terms and conditions , to analyse how you engage with the information contained in this communication , and to share such analysis on an anonymised basis with others as part of our commercial services . For further information about how RNS and the London Stock Exchange use the personal data you provide us , please see our Privacy Policy . END Page 1 of 1