TIDMRTG
RNS Number : 7011O
ReThink Group (The) PLC
24 September 2013
24 September 2013
The Rethink Group plc
("Rethink" or the "Group")
Interim Results
Increase in revenues and return to profitability
The Rethink Group (AIM: RTG), one of the UK's leading
Recruitment, Talent Management and Technology Services companies,
is pleased to announce its interim results for the six month period
ended 30 June 2013.
H1 2013 Financial Highlights
-- Revenue increased 27.4% to GBP56.2m (H1 2012: GBP44.1m)
-- Gross Profit (Net Fee Income or "NFI") remained relatively
consistent at GBP10.5m (H1 2012: GBP10.4m)
-- Recruitment NFI increased by 5.5% to GBP7.7m (H1 2012:
GBP7.3m)
-- Operating costs reduced to GBP9.8m (H1 2012:GBP10.0m), and
include non-recurring costs of GBP0.3m
-- Earnings Before Interest, Tax, Depreciation and Amortisation
("EBITDA") before non-recurring items of GBP1.12m (H1 2012:
GBP0.59m)
-- Profit Before Tax ("PBT") of GBP0.53m (H1 2012: GBP0.30m)
-- Invoice discounting liability less cash of GBP13.3m (FY 2012:
GBP12.0m, H1 2012: GBP8.3m)
-- Basic earnings per share 0.3744 pence (H1 2012: 0.2407
pence)
Divisional Review
-- Talent Management
- Revenues increased 21% to GBP17.4m (H1 2012: GBP14.4m) and NFI
fell by 10% to GBP1.8m (H1 2012: GBP2.0m) reflecting a one-off
permanent project in 2012
-- Recruitment
- Revenues increased 34% to GBP36.6m (H1 2012: GBP27.4m) and NFI
increased by 6% to GBP7.7m (H1 2012: GBP7.3m) due to a change in
the business mix in favour of contract business
-- Careful performance management lead to a headcount reduction
from 260 at 30 June 2012 to 210 at 30 June 2013 with a
corresponding reduction in operating costs. All other discretionary
costs were also reviewed and managed appropriately.
-- Technology Services
- Revenues fell by 4% to GBP2.16m (2012: GBP2.25m) and NFI reduced to GBP0.88m (2012: GBP1.1m)
Steve Wright, Chief Executive Officer of Rethink, commented:
"After the challenges experienced by the Group during the second
half of 2012, I am delighted to report that Rethink has moved back
into profit. This rise in profitability is attributable to an
increase in Net Fee Income alongside the managed reduction in
operating costs."
"The Board is now focussed on progressing the implementation of
the revised Group strategy of growth driven by the Talent
Management division, underpinned by the Recruitment division."
"Trading has continued to improve over the summer months, and
the Board is confident that the building blocks are in place to
enable the Group to pursue its strategy through a combination of
sustained organic growth and selective acquisitions."
For further information please contact:
The Rethink Group plc
Steve Wright, CEO 07836 226902
Shore Capital (Nominated Adviser and
Broker)
Bidhi Bhoma/Edward Mansfield 0207 408 4090
Newgate Threadneedle
John Coles/Fiona Conroy 020 7653 9850
About The Rethink Group plc
Rethink Group (AIM: RTG) provides business transformation
services through talent management and recruitment services. These
mutually supported activities work in synergy and support our
growing customer base.
The Group supports clients across the UK, Europe, US, Middle
East and Asia Pacific.
For more information please visit our website:
www.rethinkgroupplc.com
Chairman and CEO's Statement
As a consequence of the difficulties experienced by the Group in
the second half of 2012, the Board decided to review its strategy.
Since that time the Board has approved a focused plan designed to
transform Rethink into a Talent Management led services business
within the next three years.
Despite the continuing subdued economic climate both in the UK
and globally, Group NFI has remained broadly stable at GBP10.5m (H1
2012: GBP10.4m). During the period to 30 June 2013 NFI (Talent
Management and Recruitment) increased to GBP9.6m (H1 2012: GBP9.3m)
with a marginal decline in Talent Management NFI of GBP0.2m which
has been more than offset by growth in the larger Recruitment
division.
In April 2013, the Group entered into a new GBP20m invoice
discounting facility with Bank Leumi ABL (the "Bank"), replacing
the previous facility with Lloyds Banking Group.
The Board is currently focused onfinalisingthe restructuring of
the Group and investing for growth and consequently will not be
declaring an interim dividend.
Following the implementation of a number of restructuring
initiatives, commenced in the first half of the year, and further
progressed in the second, the Board believes that Rethink will be
positioned for sustainable future expansion. Business units are
aligned and resourced to pursue opportunities as the western
economies recover from a long period of stagnant growth.
Operational Review
Rethink's ongoing structure is aligned to two interconnected
markets: (1) Talent Management where our involvement with a client
is deeper and underpinned by a longer term management services
agreement, and (2) Open Market, characterised by transactional
client relationships. Within these two markets Rethink addresses
two vertical markets; Business and Technology, as well as
Pharmaceuticals and Life Sciences.
Talent Management Division
The Talent Management division provides a broader offering than
Recruitment, since it positions the Group to become involved with
our clients on a more holistic manner. This approach aligns Rethink
as a true partner to support clients in managing their talent, be
it in Permanent or Contract resources.
Key service offerings include:
-- Managed service provision with a minimum of one year term as
'master vendor', typically with Rethink staff embedded at the
client site to support more efficient employee and flexible
resource provision.
-- Technology and consultancy - utilising leading edge
technology applications, as well as value-added consulting
services, to help clients manage the end-to-end life cycle of
identifying, attracting, assessing, engaging and on-boarding
talent, as well as providing ongoing performance management and
selective development.
-- Projects resourcing focused on both fixed and time based
pricing of talent teams, together with people project
management.
Contract NFI has risen from GBP1.29m to GBP1.48m, while
Permanent NFI dropped from GBP0.73m to GBP0.36m, giving a blended
NFI decrease of GBP0.2m. The decline is attributable to a one-off
hiringprogrammeat a major Talent Management client in 2012.
As with the Recruitment division, the Talent Management division
has experienced growth in the number of contractors on billing
since the 2012 year end, resulting in an increase in revenues of
GBP3.4m to GBP17.1m.
Post the period end Rethink has secured a new substantial Talent
Management client in the insurance sector, further extending its
sector coverage. The offering continues to develop and evolve as
existing and prospective clients seek to secure our broader
expertise to help them plan and apply their technology talent
resource in a more effective way to meet their strategic goals.
Revenues from the Talent Management division in the first six
months were GBP17.4m (H1 2012: GBP14.4m), while NFI declined to
GBP1.8m (H1 2012: GBP2.0m).
Recruitment Division - Rethink, Berkley and Otravida
The Recruitment division provides clients with a quick and
reliable route through the open market to secure talent for our
clients. This expanding area covers Permanent and Contract
recruitment as well as high level interims delivered by our
executive search brand, Otravida.
The division experienced organic growth of 6% in NFI to GBP7.7m
(H1 2012 GBP7.3m). Following cost alignment at the end of last
year, contribution from this segment of our business has risen from
GBP0.7m to GBP1.3m.
Contract NFI has risen from GBP3.2m to GBP4.2m, while Permanent
NFI is down from GBP4.1m to GBP3.5m, giving a total contribution
increase of GBP0.4m.
The division has seen a steady month on month increase in the
number of contractors since the previous year end, resulting in an
increase in revenues of GBP9.8m compared to H1 2012, to
GBP33.1m.
Technology Services Division
The Technology Services division has had a disappointing start
to the year, which has seen revenue reduce to GBP2.1m (H1 2012:
GBP2.2m) and profit decrease to GBP0.0m (H1 2012: GBP0.2m) as a
result of investment in SAP revenue streams taking longer to yield
results than anticipated.
The Board is carefully looking at the performance of this
division, it's positioning and prospects.
Board Changes
In January 2013 Jon Butterfield stepped down as CEO and was
replaced by Steve Wright with Andy Lord appointed Chief Operating
Officer. In July, after the period end, John Sadiq stepped down as
Non-Executive Chairman to be replaced on an interim basis by John
O'Sullivan while a permanent successor is sought.
Financial Review
The Group's business mix for the combined Recruitment and Talent
Management divisions at NFI level changed from 52% Permanent: 48%
Contract, to 40% Permanent: 60% contract reflecting general market
trends and a large one-off permanent project at a Talent Management
client in 2012.
Revenues in the first half of 2013 increased by 27% to GBP56.2m
(H1 2012: GBP44.1m) driven by an increase in contract recruitment
activities. NFI was in line with last year at GBP10.5m (H1 2012:
GBP10.4m).
Despite the reduction in operating costs, there were nonetheless
non-recurring operating costs of GBP0.3m which depressed the
Group's profitability for the period.
EBITDA before non-recurring costs has increased by 90% to
GBP1.12m (H1 2012: GBP0.59m) and profit before tax increased by 77%
to GBP0.53m (H1 2012: GBP0.30m). Administrative expenses (excluding
depreciation and amortisation) have fallen to GBP9.65m (H1 2012:
GBP9.83m).
The Group reported basic earnings per share for the period of
0.3744p (H1 2012: 0.2407p).
Working Capital and Invoice Discounting
Trade and Other Receivables grew to GBP29.0m at 30 June 2013 (31
December 2012: GBP22.9m) as a result of increased revenues. The
increase in working capital has been funded by increased invoice
discounting of GBP13.8m (31 December 2012: GBP13.1m). The total
invoice discounting liability less cash was GBP13.3m (31 December
2012: GBP12.0m, H1 2012: GBP8.3m).
Banking Facilities
The Group entered a new GBP20m invoice discounting financing
facility agreement with the Bank. This represents a slight increase
in facility limit from GBP19.440m as at 31 December 2012.
The Board is confident that the Group's current banking
facilities are adequate to support its working capital demands as
it continues to drive growth.
Outlook
Although we remain cautious about the general economic backdrop
in the UK, we have been encouraged by improving market conditions
for both our Contract and Permanent offerings.
Rethink has undertaken a review of its strategy in the first
half of the year and is now starting the implementation of that
revised strategy. The Group will continue to follow this going
forward to drive future growth opportunities. In particular,
Rethink is investing time in evolving its Talent Management service
offerings, and is confident that this strategic emphasis will lead
to significant shareholder value creation in the future.
As part of this strategy, Rethink has addressed its resources
and cost base. The corporate structure will continue to be
enhanced. In addition to this, acquisitions opportunities should
they be appropriate will be pursued.
The second half of the year has started well, as evidenced with
the signing of a new Talent Management contract with a client in
the financial services sector. Rethink has a solid contract
pipeline and looks forward to the future with increased
confidence.
John O'Sullivan Stephen Wright
Non-Executive Chairman Chief Executive Officer
24 September 2013
INTERIM INCOME STATEMENT
2013
Unaudited Unaudited Audited
===================================
Six months Six months Year ended
ended ended
===================================
30-Jun-13 30-Jun-12 31-Dec-12
Note GBP'000 GBP'000 GBP'000
=================================== ===== =========== =========== ===========
REVENUE 56,183 44,085 91,201
Cost of sales (45,714) (33,663) (71,083)
GROSS PROFIT 10,469 10,422 20,118
Administrative expenses (9,784) (9,968) (20,630)
PROFIT / (LOSS) FROM OPERATIONS 685 454 (512)
Analysed as:
Earnings before interest,
tax, depreciation, amortisation
and non-recurring items 1,115 589 193
Amortisation and depreciation
(130) (135) (705)
PROFIT / (LOSS) FROM OPERATIONS
BEFORE NON-RECURRING ITEMS 985 454 (512)
Non-recurring items - exit
fees and
reorganisation costs (300) - -
PROFIT / (LOSS) FROM OPERATIONS 685 454 (512)
----------------------------------- ----- ----------- ----------- -----------
Finance costs (158) (158) (399)
Finance income - 1 156
PROFIT / (LOSS) BEFORE TAXATION 527 297 (755)
Tax (expense) / credit (95) (40) 7
PROFIT / (LOSS) FOR THE
YEAR 432 257 (748)
Other comprehensive income
Foreign currency exchange
differences on translation
of foreign operations 131 2 (307)
TOTAL COMPREHENSIVE INCOME
/
(EXPENSE) FOR THE PERIOD 563 259 (1,055)
=================================== ===== =========== =========== -----------
Earnings per share
Basic 4 0.374p 0.241p (0.678)p
----------- ----------- -----------
Diluted 4 0.374p 0.240p (0.678)p
----------- ----------- -----------
INTERIM BALANCE SHEET 2013
Unaudited Unaudited Audited
=================================
30-Jun-13 30-Jun-12 31-Dec-12
=================================
GBP'000 GBP'000 GBP'000
ASSETS
NON-CURRENT ASSETS
Goodwill 4,121 4,358 3,966
Investment 5 - 5
Property, plant & equipment 515 549 530
Intangible assets 74 105 80
Deferred tax asset 56 17 24
---------- ----------
TOTAL NON-CURRENT ASSETS 4,771 5,029 4,605
---------- ---------- ----------
CURRENT ASSETS
Trade & other receivables 29,017 22,800 22,859
Cash and cash equivalents 449 843 1,121
Corporation tax asset 11 - 4
---------- ----------
TOTAL CURRENT ASSETS 29,477 23,643 23,984
---------- ---------- ----------
TOTAL ASSETS 34,248 28,672 28,589
---------- ---------- ----------
LIABILITIES
CURRENT LIABILITIES
Trade and other payables (14,561) (12,373) (10,195)
Invoice discounting and finance
leases (13,756) (9,159) (13,114)
Deferred consideration - (406) -
Corporation tax liability - (316) -
Preference shares - (222) -
---------- ---------- ----------
TOTAL CURRENT LIABILITIES (28,317) (22,476) (23,309)
---------- ---------- ----------
NET CURRENT ASSETS 1,160 1,167 675
---------- ---------- ----------
NON-CURRENT LIABILITIES
Loans and borrowing - (51) (40)
Deferred tax liability (43) (6) (11)
---------- ---------- ----------
TOTAL NON-CURRENT LIABILITIES (43) (57) (51)
---------- ---------- ----------
NET ASSETS 5,888 6,139 5,229
---------- ---------- ----------
EQUITY
Share capital 117 113 114
Share premium account 3,238 3,096 3,145
Merger reserve 218 218 218
Translation reserve (225) (392) (356)
Retained earnings 2,540 3,104 2,108
---------- ---------- ----------
TOTAL EQUITY ATTRIBUTABLE
TO THE EQUITY HOLDERS OF THE
PARENT 5,888 6,139 5,229
========== ========== ==========
INTERIM STATEMENT OF CHANGES IN EQUITY 2013
Share Retained Share Shares Merger Translation Total
capital earnings premium to be reserve reserve equity
issued
--------------------------------
GBP'000 GBP'000 GBP'000 GBP'000 GBP'000 GBP'000 GBP'000
-------------------------------- ---------- --------- -------- --------- ------------ ----------
At 1 January 2012 104 3,105 2,528 33 218 (49) 5,939
Changes in equity
for the six months
ended 30 June 2012
Profit for the year - 257 - - - - 257
Other comprehensive
income - - - - - 2 2
Share options exercised 5 - 251 - - - 256
Contingent share consideration - - - (33) - - (33)
Revaluation of goodwill - - - - - (345) (345)
Dividends paid - (258) - - - - (258)
Issue of shares 4 - 317 - - - 321
--------- ---------- --------- -------- --------- ------------ ----------
At 30 June 2012 113 3,104 3,096 - 218 (392) 6,139
Changes in equity
for the six months
ended 31 December
2012
Loss for the Period - (1,005) - - - - (1,005)
Other comprehensive
income - - - - - 36 36
Share options exercised 1 - 49 - - - 50
Recognition of share
based payment expense - 5 - - - - 5
Dividends paid - 4 - - - - 4
At 31 December 2012 114 2,108 3,145 - 218 (356) 5,229
Changes in equity
for the six months
ended 30 June 2013
Profit for the period - 432 - - - - 432
Other comprehensive
income - - - - - 131 131
Share options exercised 3 - 93 - - - 96
--------- ---------- --------- -------- --------- ------------ ----------
At 30 June 2013 117 2,540 3,238 - 218 (225) 5,888
========= ========== ========= ======== ========= ============ ==========
INTERIM CASHFLOW STATEMENT 2013
Unaudited Unaudited
Six months Six months Audited
ended ended Year ended
-----------------------------------------------
30-Jun-13 30-Jun-12 31-Dec-12
-----------------------------------------------
GBP'000 GBP'000 GBP'000
Profit / (loss) before tax 527 297 (755)
Adjustments for:
Share based payment charge - - 5
Depreciation charges 95 91 199
Amortisation 35 44 84
Impairment of goodwill - - 422
Reduction in deferred consideration - (113) -
Finance costs 158 158 399
Finance income - (1) (156)
------------ ------------ ------------
815 476 198
Increase in trade and other receivables (6,158) (2,646) (2,705)
Increase / (decrease) in trade and other
payables 4,241 1,901 (578)
------------ ------------ ------------
Cash absorbed by operations (1,102) (269) (3,085)
Corporation tax paid - (42) (363)
------------ ------------ ------------
Net cash absorbed by
operating activities (1,102) (311) (3,448)
------------ ------------ ------------
Cash flows from investing activities
Purchase of property, plant & equipment (80) (318) (242)
Purchase of intangible assets (29) (69) (84)
Purchase of investment - - (5)
Payment of deferred consideration - (364) -
Redemption of preference shares (628) - -
Finance income - 1 1
------------ ------------ ------------
Net cash absorbed by investing activities (737) (750) (330)
------------ ------------ ------------
Cash flows from financing activities
Finance costs paid (158) (158) (399)
Net change in advances on invoice discounting
facility 1,319 1,201 4,435
Repayment of long term borrowings - 50 -
Repayment of finance leases (89) (3) (80)
Payment of dividend - (258) (254)
Proceeds from issue of share capital 95 180 305
------------ ------------ ------------
Net cash generated from financing activities 1,167 1,012 4,007
------------ ------------ ------------
Net (decrease)/increase in cash and
cash equivalents (672) (49) 229
Cash and cash equivalents at the beginning
of the period/year 1,121 892 892
------------ ------------ ------------
Cash and cash equivalents at the end
of the
period/year 449 843 1,121
------------ ------------ ------------
Notes to the unaudited financial information
For the six months ended 30 June 2013
1. Basis of Preparation
The financial information presented in this document has been
prepared in accordance with the recognition and measurement
principles of International Financial Reporting Standards (IFRS)
and International Financial Reporting Interpretations Committee
(IFRIC) interpretations that are expected to be applicable for the
year ending 31 December 2013.
These are subject to on going review and endorsement by the
European Commission, and possible amendment by the International
Accounting Standards Board (IASB), and are therefore subject to
possible change.
The financial information in this statement relating to the six
months ended 30 June 2013 and the six months ended 30 June 2012 has
neither been audited nor reviewed pursuant to guidance issued by
the Auditing Practices Board. The financial information for the
period ended 31 December 2012 does not constitute the full
statutory accounts for that period. The Annual Report and Financial
Statements for 2012 have been filed with the Registrar of
Companies. The Independent Auditor's Report on the Annual Report
and Financial Statements for 2012 was unqualified, did not draw
attention to any matters by way of emphasis, and did not contain a
statement under 498(2) or 498(3) of the Companies Act 2006.
2. Comparative Figures
The comparative figures represent the unaudited results for the
six month period to 30 June 2012 and the audited results for the
year ended 31 December 2012.
3. Taxation
The charge to taxation is based on the expected annual tax rate
of 23.0%. on profit before taxation, adjusted for disallowable
items and losses utilised (30 June 2012: 21.1% and 31 December
2012: 24.5%).
4. Earnings per share
Earnings per share are calculated by dividing the profit
attributable to equity holders of the Group by the weighted average
number of ordinary shares in issue.
Fully diluted earnings per share is calculated by adjusting the
weighted average number of ordinary shares by existing share
options, share incentive plans and the contingent share
consideration on business combinations, assuming dilution through
conversion of all existing options and shares held in share
plans.
The earnings per share figures included in the interim results
for the unaudited six month period ended 30 June 2012 were
previously incorrectly stated as 2.407 (basic) and 2.396 (diluted).
These figures have been correctly restated as 0.241 (basic) and
0.240 (diluted).
5. Segment Information
Reportable Segments
Factors that management use to identify the Group's reportable
segments
The Group's three reportable segments, being Recruitment, Talent
Management and Technology Services, are sectors that offer
different products and services. They are managed separately having
a dedicated Director, and separate reporting within the internal
information provided to the management team including the
Directors.
Measurement of operating segment profit
The same accounting policies are followed in this document as
were applied in the Group's latest annual audited financial
statements.
Technology Services, Talent Management and Recruitment are
evaluated for performance on the basis of contribution.
Recruitment is represented by the subsidiaries, Rethink
Recruitment Solutions Limited, ReBuild Recruitment Services
Limited, Integritas Recruitment Limited, Rethink Recruitment
(Southend) Limited, Rethink MEA FZCO, Berkley Recruitment (Group)
Limited and Berkley Recruitment Group (Asia) Pte. Limited with all
subsidiaries involved in both Permanent and Contract
Recruitment.
Permanent recruitment involves the placing of candidates in
permanent employment roles. Contract recruitment involves the
placing of candidates in fixed term roles.
Talent Management is currently represented by Rethink
Professional Services Limited and certain elements of Recruitment
as set out above.
Technology Services is represented by Aiimi Limited and
TrustTech Limited. The segment is involved in providing technical
advice, support and project management.
Segmental view 2013 H1
--------------------------- ---------------------------------------------------------------------
Technology
Services Talent Management Recruitment Unallocated Total
GBP'000 GBP'000 GBP'000 GBP'000 GBP'000
--------------------------- ----------- ------------------ ------------ ------------ --------
Revenue
Contract revenue - 17,086 33,068 - 50,154
Permanent revenue - 362 3,511 - 3,873
Business Transformation
and Technology Services 2,156 - - - 2,156
----------- ------------------ ------------ ------------ --------
Total revenue 2,156 17,448 36,579 - 56,183
=========== ================== ============ ============ ========
Gross profit 879 1,843 7,747 - 10,469
Administrative expenses (877) (604) (6,492) - (7,973)
Contribution from
ongoing operations 2 1,239 1,255 - 2,496
Central administrative
expenses - - - (1,812) (1,812)
--------
Profit from operations 685
--------------------------- ----------- ------------------ ------------ ------------ --------
Analysed as: 1,115
EBITDA and non-recurring
items (130)
Amortisation and
depreciation (300)
Non-recurring items
Profit from operations 685
--------------------------- ----------- ------------------ ------------ ------------ --------
Segmental view 2012 H1
--------------------- -------------------------------------------------------------------------------
Technology Talent
Services Management Recruitment Unallocated Total
GBP'000 GBP'000 GBP'000 GBP'000 GBP'000
--------------------- ----------- ---------------- ---------------- ---------------- ------------
Revenue
Contract revenue - 13,703 23,260 - 36,963
Permanent revenue - 728 4,141 - 4,869
Business
Transformation
and Technology
Services 2,253 - - - 2,253
----------- ---------------- ---------------- ---------------- ------------
Total revenue 2,253 14,431 27,401 - 44,085
=========== ================ ================ ================ ============
Gross profit 1,082 2,019 7,321 - 10,422
Administrative
expenses (914) (740) (6,663) - (8,317)
Contribution from
ongoing operations 168 1,279 658 - 2,105
Central
administrative
expenses - - - (1,516) (1,516)
------------
EBITDA 589
Segmental view 2012
--------------------- -------------------------------------------------------------------------------
Technology
Services Talent Management Recruitment Unallocated Total
GBP'000 GBP'000 GBP'000 GBP'000 GBP'000
--------------------- ----------- --------------------- ---------------- ------------ -----------
Revenue
Contract revenue - 26,948 51,540 - 78,488
Permanent revenue - 1,618 7,153 - 8,771
Business
Transformation
and Technology
Services 3,942 - - - 3,942
----------- --------------------- ---------------- ------------ -----------
Total revenue 3,942 28,566 58,693 - 91,201
=========== ===================== ================ ============ ===========
Gross profit 1,932 4,102 14,084 - 20,118
Administrative
expenses (1,917) (1,634) (13,386) - (16,937)
Contribution from
ongoing operations 15 2,468 698 - 3,181
Central
administrative
expenses - - - (2,988) (2,988)
-----------
EBITDA 193
Segment reportable administrative expenses consist primarily of
staff, office, general expenses and depreciation.
Geographical information
The Group's operations are located in the UK, Ireland, Singapore
and the Middle East.
6. Non recurring items
Included within non recurring items are:-
Unaudited Unaudited Audited
30-Jun 30-Jun 31-Dec
2013 2012 2012
GBP'000 GBP'000 GBP'000
Banking exit fee 40 - -
Board reorganisation costs 84 - -
Company reorganisation costs 176 - -
300 - -
========== ========== ========
7. Distribution of the Interim Report
Copies of this announcement may be obtained from the Company
Secretary at the registered office: 52-54 Southwark Street, London
SE1 1UN. In addition, an electronic version will be available on
the Company's website - www.rethinkgroupplc.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
IR NKNDDBBKBKCB
Rethink Group (LSE:RTG)
Gráfico Histórico do Ativo
De Fev 2025 até Mar 2025
Rethink Group (LSE:RTG)
Gráfico Histórico do Ativo
De Mar 2024 até Mar 2025
