Company News Summary
Link Administration Holdings Provides Chairman's and MD Address to AGM
Original announcement: AGM Addresses by the Chairman and Managing Director
Link Administration Holdings provided Chairman's and MD's address to AGM. The Chairman announced the appointment of Peeyush Gupta as an additional independent non-executive director. The Chairman also highlighted on the Company's business operations. The MD reported that the Group balance sheet is strong, with net debt to EBITDA of 1.37 times. The MD also provided financial highlights reporting revenues of $776m, up 32% on the 2015 and 3% higher than Prospectus; NPATA of $103m, 8% higher than Prospectus. All client migrations are expected to be completed in this first half of FY2017. The Company have achieved 8 client migrations within 14 months. In more recent times the Company has increased its investment in PEXA, the online property exchange, to 11.4%.
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