Duyuru • Sep 11
Anexo Group Expects Cancellation of Shares to Trading on AIM on 24 September 2025 On 22 July 2025, the Independent Anexo Directors and the Joint Bidders announced that they had reached agreement on the terms of an unconditional recommended contractual offer by Bidco (the "Offer") to acquire the entire issued and to be issued share capital of Anexo other than the Committed Anexo Shares (the "Offer Shares"). The Offer is intended to be effected by means of a takeover offer under and within the meaning of Part 28 of the UK Companies Act (the "Takeover Offer"). On 27 August 2025, Anexo announced the proposed cancellation of Anexo Shares to trading on AIM (the "Cancellation") and, subject to and conditional upon the Cancellation being effective, the re-registration as a private limited company and the adoption of new articles of association (together, the "Proposals"). Implementation of the Proposals is conditional upon the approval of the Anexo Shareholders to be sought at a general meeting of the Company to be held at 10.00 a.m. on 12 September 2025. Bidco owns approximately 75.8% of the Anexo Shares in issue and announced in the Offer Document that it will vote in favour of the Proposals. Accordingly, it is expected that the Proposals will pass. Subject the Proposals passing, the Cancellation is expected to take effect at or shortly after 7:00 a.m. (London time) on 24 September 2025, with the final time for trading Anexo Shares expected to be 4:30 p.m. (London time) on 23 September 2025. If Anexo Shareholders do not accept the Takeover Offer in accordance with the Offer Document prior to the Cancellation, Anexo Shares will, following the Cancellation, no longer remain tradeable on AIM, which is expected to remove or significantly reduce the liquidity and marketability of any Anexo Shares in respect of which the Takeover Offer has not been accepted. Duyuru • Jun 26
Anexo Group plc Appoints Rachael Wong as Executive Director, Effective 26 June 2025 Anexo Group plc announced the appointment of Rachael Wong as an Executive Director of the Company with immediate effect 26 June 2025. Rachael graduated from the University of London, completed a Law Conversion Course, and was called to the Bar at Middle Temple in 2007, thereafter completing pupillage at chambers. She joined Bond Turner in 2014 and is currently a director. Rachael is a Practising Barrister specializing in Credit Hire, Personal Injury, and Group Litigation, overseeing training, advocacy, litigation, and appeals across the firm. Rachael Ann Wong, aged 44, currently owns 145,632 ordinary shares of £0.0005 each in the capital of the Company, representing 0.151% of the Company's issued share capital. Her current directorships include Bond Turner Limited. Duyuru • Jun 17
Anexo Group Requests Further Extension of PUSU Deadline Under Rule 2.6(c) till July 1 On 23 April 2025, Anexo Group Plc (AIM:ANX) announced that it expected to receive a possible offer by DBAY Advisors Limited ("DBAY") and Alan Sellers and Samantha Moss (Alan Sellers and Samantha Moss together with DBAY, the "Joint Bidders"). Since the announcement, the Company has received a non-binding indicative proposal pursuant to which a newly incorporated entity to be jointly controlled indirectly by funds managed or advised by the Joint Bidders proposes to make an offer for the entire issued and to be issued share capital of Anexo not already owned by the Joint Bidders (the "Proposal"). Following the extension announcement by the Company on 20 May 2025, the Joint Bidders were required by no later than 5.00 p.m. (London time) on 17 June 2025 (the "Deadline") to either announce a firm intention to make an offer for Anexo in accordance with Rule 2.7 of the Code or to announce that they do not intend to make an offer. Discussion between the Company and the Joint Bidder remain ongoing and, in accordance with Rule 2.6(c) of the Code, the Independent Directors of Anexo have requested, and the Panel has consented to an extension to the Deadline until 5.00 p.m. (London time) on 1 July 2025. This deadline can be further extended by the Company with the consent of the Takeover Panel, in accordance with Rule 2.6(c) of the Code. This announcement does not amount to a firm intention to make an offer under Rule 2.7 of the Code, and there can be no certainty that any firm offer will be made nor as to the terms on which any offer may be made. Further announcements will be made as appropriate. The Company remains in an 'offer period' in accordance with the rules of the Code and the attention of Anexo shareholders is drawn to the continuing disclosure requirements of Rule 8 of the Code. Duyuru • Jun 07
Anexo Group Plc, Annual General Meeting, Jul 02, 2025 Anexo Group Plc, Annual General Meeting, Jul 02, 2025. Duyuru • Jun 06
Anexo Group plc Recommends No Final Dividend for the Year Ended 31 December 2024 Anexo Group Plc is not recommending the payment of a final dividend (2023: total dividend 1.5 pence per share, £1.8 million) for the year ended 31 December 2024. Duyuru • Apr 23
DBAY Advisors Reportedly Mulls Bid for Anexo Alongside Some of Management Team DBAY Advisors Ltd. on 22 April, 2025 said it is considering making a bid for Anexo Group Plc (AIM:ANX) alongside with some of the company's management team. Shares in Anexo closed 20% higher at 61.00 pence in London on 22 April, 2025 giving it a market value of GBP 72 million. The Isle of Man-based asset management firm said it was mulling a move alongside Anexo's Executive Chair Alan Sellers and Bond Turner Managing Director Samantha Moss. Bond Turner is the dedicated legal services provider of Liverpool-based Anexo, the specialist integrated credit hire and legal services company. On 22 April, 2025, DBAY said it expects any offer would comprise entirely loan notes issued by a newly incorporated entity jointly controlled by funds managed or advised by DBAY, Sellers and Moss, or ordinary shares with an underlying economic interest in the newly incorporated entity making the proposal. The offer would be for shares not held by DBAY, Sellers or Moss. DBAY, Sellers and Moss said they reserve the right to introduce other forms of consideration and/or vary the mix of consideration of any offer. The consortium has until May 20 to make a firm proposal for Anexo. Duyuru • Sep 24
Anexo Group plc Announces Directorate Changes Anexo Group plc announced the appointment of Edward Guest to the Board with immediate effect as a Non-Executive Director. Mr. Guest has been nominated by DBAY Advisors Limited ("DBAY") under the terms of the shareholder agreement announced on 12 November 2020. The shareholder agreement gives DBAY the right to appoint up to three Non-Executive Directors and Dr. Julian Addison, who joined the Board as a nominee of DBAY on 11 May 2022, will step down from the Board with immediate effect. Alexander Paiusco, who was appointed to the board as a DBAY nominee on 20 June 2023, will remain on the Board, as will Saki Riffner, who was appointed to the Board as a DBAY nominee on 25 January 2021. Mr. Guest has served as Senior Operating Partner of DBAY Advisors Limited, an international asset management firm, since August 2024. Reported Earnings • Aug 22
First half 2024 earnings released: EPS: UK£0.037 (vs UK£0.086 in 1H 2023) First half 2024 results: EPS: UK£0.037 (down from UK£0.086 in 1H 2023). Revenue: UK£68.7m (down 12% from 1H 2023). Net income: UK£4.42m (down 56% from 1H 2023). Profit margin: 6.4% (down from 13% in 1H 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.1% p.a. on average during the next 2 years, compared to a 4.8% growth forecast for the Consumer Services industry in Europe. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings. New Risk • Aug 21
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.7% Last year net profit margin: 13% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (6.7% net profit margin). Market cap is less than US$100m (€84.7m market cap, or US$94.2m). Duyuru • Jul 31
Anexo Group Plc to Report First Half, 2024 Results on Aug 20, 2024 Anexo Group Plc announced that they will report first half, 2024 results on Aug 20, 2024 Duyuru • Jun 20
Anexo Group Plc Approves Final Dividend for the Year Ended 31 December 2023, Payable on 28 June 2024 Anexo Group Plc at its Annual General Meeting held on June 18, 2024, approved a final dividend for the year ended 31 December 2023 of 1.5 pence per share to be paid on 28 June 2024 to the ordinary shareholders on the Company's register of members at the close of business on 31 May 2024. Upcoming Dividend • May 23
Upcoming dividend of UK£0.015 per share Eligible shareholders must have bought the stock before 30 May 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (2.8%). Declared Dividend • May 03
Dividend of UK£0.015 announced Shareholders will receive a dividend of UK£0.015. Ex-date: 30th May 2024 Payment date: 28th June 2024 Dividend yield will be 2.2%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is well covered by both earnings (9% earnings payout ratio) and cash flows (11% cash payout ratio). The dividend has remained flat since 5 years ago. However, payments have been volatile during that time. EPS is expected to remain steady over the next year, which should provide adequate earnings cover for the dividend. Reported Earnings • May 02
Full year 2023 earnings released: EPS: UK£0.13 (vs UK£0.17 in FY 2022) Full year 2023 results: EPS: UK£0.13 (down from UK£0.17 in FY 2022). Revenue: UK£149.3m (up 8.0% from FY 2022). Net income: UK£15.1m (down 22% from FY 2022). Profit margin: 10% (down from 14% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 2 years compared to a 4.0% growth forecast for the Consumer Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Duyuru • May 01
Anexo Group Plc, Annual General Meeting, Jun 18, 2024 Anexo Group Plc, Annual General Meeting, Jun 18, 2024. New Risk • Apr 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 4.8% per year for the foreseeable future. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.5% average weekly change). Significant insider selling over the past 3 months (€659k sold). Market cap is less than US$100m (€89.4m market cap, or US$97.1m). New Risk • Mar 09
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 4.8% per year for the foreseeable future. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Significant insider selling over the past 3 months (€659k sold). Market cap is less than US$100m (€88.0m market cap, or US$96.3m). Recent Insider Transactions • Feb 20
Insider recently sold €542k worth of stock On the 16th of February, Valentina Slater sold around 730k shares on-market at roughly €0.74 per share. This transaction amounted to 22% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Duyuru • Feb 17
Anexo Group Plc Announces Successful Supreme Court Appeal Anexo announced a victory in the Supreme Court which sets an important precedent concerning the recovery of contractual liabilities, remoteness and the burden of proof. The case (Armstead v RSA) directly concerned whether the victim of a non-fault traffic accident is able to recover from the negligent driver's insurance company any contractual liability which the victim owes the hire company; in this case the hire charges which were forfeited by the hire company while the vehicle was being repaired. On a broader scale, the ruling covers any situation where a claimant seeks to recover contractual liability to a third party. In the original hearing and in two subsequent appeals, the Courts had found that such liabilities were not recoverable. The Supreme Court held that each of these Courts was wrong in their reasoning and conclusion. The ruling establishes the principle that a claimant can recover any liabilities incurred as a result of an accident which may be owed to a third party. In order to be reasonable, the liability needs to be reasonably foreseeable; in this instance, a pre-estimate of the loss to the hire company. In a judgment which will have wider implications, the Supreme Court held that the burden of proof in such cases falls on the defendant. In common with other defences which seek to reduce a claimant's recoverable losses (e.g. intervening cause, failure to mitigate, contributory negligence or scope of duty), it is now confirmed that it is for the defendant to prove that any loss is too remote to be recoverable. New Risk • Feb 03
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €91.2m (US$98.4m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 4.8% per year for the foreseeable future. Earnings are forecast to decline by an average of 4.8% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (€91.2m market cap, or US$98.4m). Reported Earnings • Aug 23
First half 2023 earnings released: EPS: UK£0.086 (vs UK£0.093 in 1H 2022) First half 2023 results: EPS: UK£0.086 (down from UK£0.093 in 1H 2022). Revenue: UK£77.8m (up 13% from 1H 2022). Net income: UK£10.1m (down 7.6% from 1H 2022). Profit margin: 13% (down from 16% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 1.8% p.a. on average during the next 2 years, while revenues in the Consumer Services industry in Europe are expected to grow by 4.3%. Duyuru • Aug 22
Mark Bringloe Joins Anexo Group plc as Interim Chief Financial Officer The Board of Anexo Group Plc announced that Mark Bringloe will be returning to the Group as Interim Chief Financial Officer ("CFO"). Mark originally joined the Group as Finance Director in 2009 and was appointed CFO upon Anexo's admission to AIM in 2018. He left the Group in July 2022 and since then has been involved in other projects. Mark has been reappointed to the Board with immediate effect. Prior to joining Anexo, Mark worked at Ernst & Young, Robson Rhodes and BDO, where he was a Corporate Finance Director. He played a key role in guiding the Group through its IPO in 2018 and has a comprehensive understanding of the Group and the broader legal services and credit hire sectors. Gary Carrington will remain on the Board as Operational/Commercial Director focusing with other senior management on implementation and development of technical processes, and exploring commercial opportunities within the Group to support its growth and diversification in credit hire, HDR and Emissions work streams. Duyuru • Jul 31
Anexo Group Plc to Report First Half, 2023 Results on Aug 22, 2023 Anexo Group Plc announced that they will report first half, 2023 results on Aug 22, 2023 Duyuru • Jun 20
Anexo Group plc Announces Directorate Change Anexo Group plc announced the appointment of Alexander Paiusco to the Board with immediate effect as a Non-Executive Director. Mr. Paiusco has been nominated by DBAY Advisors Limited ("DBAY") under the terms of the shareholder agreement announced on 12 November 2020. The shareholder agreement gives DBAY the right to appoint up to three Non-Executive Directors and Mike Branigan, who joined the Board as a nominee of DBAY in May 2022, will step down from the Board with immediate effect. Dr. Julian Addison, who was appointed to the board as a DBAY nominee on 11 May 2022, will remain on the board, as will Saki Riffner, who was appointed to the Board as a DBAY candidate on 25 January 2021. Mr. Paiusco have served as executive director of DBAY Advisors Limited, an international asset management firm, since July 2011. Duyuru • Jun 16
Anexo Group Plc Declares a Final Dividend for the Financial Year Ended 31 December 2022, Payable on 23 June 2023 Anexo Group Plc at its AGM held on June 15, 2023, declared a final dividend of 1.5 pence per ordinary share for the financial year ended 31 December 2022 to be paid 23 June 2023 to the ordinary shareholders on the Company's register of members at the close of business on 26 May 2023. Duyuru • Jun 07
Anexo Group plc Announces Settlement with Volkswagen AG Anexo can announce that the Group has reached an agreement with Volkswagen AG ("VW") and its subsidiaries to conclude the claims of around 12,000 claimants represented by the Group (the "VW Emissions case"). The VW Emissions case was handled by a specialist team within the Group's legal services division, Bond Turner. This agreement avoids the need for protracted litigation and the substantial legal costs that would have been incurred by both parties had the matter progressed to trial. The terms of the agreement are subject to confidentiality restrictions, however the Group can announce that it will have a net positive cash position to Anexo of £7.175 million. Upcoming Dividend • May 18
Upcoming dividend of UK£0.015 per share at 1.8% yield Eligible shareholders must have bought the stock before 25 May 2023. Payment date: 23 June 2023. Payout ratio is a comfortable 2.8% but the company is not cash flow positive. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (2.7%). Reported Earnings • May 10
Full year 2022 earnings released: EPS: UK£0.17 (vs UK£0.17 in FY 2021) Full year 2022 results: EPS: UK£0.17 (up from UK£0.17 in FY 2021). Revenue: UK£138.3m (up 17% from FY 2021). Net income: UK£19.5m (up 1.7% from FY 2021). Profit margin: 14% (down from 16% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.3% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Consumer Services industry in Europe. Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent Non-Executive Director Roger Barlow was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Sep 21
First half 2022 earnings released: EPS: UK£0.093 (vs UK£0.061 in 1H 2021) First half 2022 results: EPS: UK£0.093 (up from UK£0.061 in 1H 2021). Revenue: UK£68.6m (up 42% from 1H 2021). Net income: UK£10.9m (up 54% from 1H 2021). Profit margin: 16% (up from 15% in 1H 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Consumer Services industry in Europe. Duyuru • Jun 17
Anexo Group plc Announces Final Dividend for the Year Ended December 31, 2021 Anexo Group Plc at its annual general meeting held on June 16, 2022, approved the final dividend of 1 pence per share for the year ended 31 December 2021 . Board Change • May 18
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Non-Executive Director Saki Riffner was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • May 12
Full year 2021 earnings released: EPS: UK£0.17 (vs UK£0.11 in FY 2020) Full year 2021 results: EPS: UK£0.17 (up from UK£0.11 in FY 2020). Revenue: UK£118.2m (up 36% from FY 2020). Net income: UK£19.1m (up 56% from FY 2020). Profit margin: 16% (up from 14% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 6.2%, compared to a 45% growth forecast for the industry in Germany. Duyuru • Apr 21
Anexo Group Plc, Annual General Meeting, Jun 16, 2022 Anexo Group Plc, Annual General Meeting, Jun 16, 2022. Duyuru • Aug 19
DBAY Advisors Limited terminated an offer to acquire remaining 71% stake of Anexo Group Plc (AIM:ANX). DBAY Advisors Limited made an offer to acquire remaining 71% stake of Anexo Group Plc (AIM:ANX) for approximately £120 million on June 23, 2021. The offer will be made at a price of £1.50 per share in cash. In accordance with Rule 2.6(a) of the Code, DBAY must, by July 21, 2021, either announce a firm intention to make an offer for Anexo in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline may be extended with the consent of the Panel in accordance with Rule 2.6(c) of the Code. DBAY reserves the right to introduce other forms of consideration and/or vary the form and/or mix of the consideration of any offer, as well as the structure of such an offer. John Llewellyn-Lloyd, Richard Johnson and Akhil Shah of Arden Partners plc acted as financial advisors for Anexo. Gary Clarence and Harry Hargreaves of Investec Bank plc acted as financial advisors for DBAY.
DBAY Advisors Limited terminated an offer to acquire remaining 71% stake of Anexo Group Plc (AIM:ANX) on August 18, 2021. Reported Earnings • May 28
Full year 2020 earnings released: EPS UK£0.11 (vs UK£0.16 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: UK£86.8m (up 11% from FY 2019). Net income: UK£12.3m (down 32% from FY 2019). Profit margin: 14% (down from 23% in FY 2019). The decrease in margin was driven by higher expenses. Reported Earnings • Apr 29
Full year 2020 earnings released: EPS UK£0.11 (vs UK£0.16 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: UK£86.8m (up 11% from FY 2019). Net income: UK£12.3m (down 32% from FY 2019). Profit margin: 14% (down from 23% in FY 2019). The decrease in margin was driven by higher expenses.