MJ Gleeson PLC AGM Trading Update (6202T)

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RNS Number : 6202T

MJ Gleeson PLC

16 November 2023

MJ Gleeson plc (GLE.L)

AGM Trading Update

16 November 2023

MJ Gleeson plc, the low-cost housebuilder and land promoter, is holding its Annual General Meeting later today at which James Thomson, Chairman, will make the following comments:

"Gleeson Homes has traded in line with the expectations set out in our September announcement.

Net reservation rates for the 9 weeks to 3 November 2023 increased to 0.47 per site per week (0.46 excluding bulk reservations), from 0.43 per site per week during the previous 9 weeks to 1 September 2023.

Mortgage rates have begun to stabilise and, against a more certain backdrop, we would expect buyer interest to pick up into the seasonally stronger Spring selling season.

Gleeson Land has completed the sale of one site since the start of the financial year.

The Board therefore currently expects that the results for FY2024 will be in line with market expectations.

We will provide a further update on 11 January 2024 following the conclusion of the half year."

This announcement, which contains inside information, has been authorised for release by Stefan Allanson, Chief Financial Officer.

LEI: 21380064K7N2W7FD6434

Enquiries:

 
 
              MJ Gleeson plc               Tel: 01142 612900 
 Graham Prothero Chief Executive Officer 
 Stefan Allanson Chief Financial Officer 
 
 Hudson Sandler 
 Mark Garraway                             Tel: 07771 860 
                                            938 
 Charlotte Cobb                            Tel: 07795 422131 
  Harry Griffiths                           Tel: 07860 630046 
 
 Singer Capital Markets 
 Shaun Dobson                              Tel: 020 7496 3000 
 James Moat 
 
 Liberum 
 Richard Crawley                           Tel: 020 3100 2222

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November 16, 2023 02:00 ET (07:00 GMT)

Mj Gleeson (LSE:GLE)
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から 4 2024 まで 5 2024