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Anexo Group PLC - Liverpool, England-based credit hire and legal services provider - DBay Advisors Ltd confirms that it will no longer be making an offer for Anexo.
Also, company notes that overall trading for the first half of 2021 is ahead of management expectations, with monthly cash collections from Legal Services exceeding those from the same period the prior year.
Meanwhile, the Credit Hire division sees a rise in average vehicle hire numbers following the lifting of the national lockdown.
"The group's activities continue to accelerate as UK lockdown measures ease, especially with the imminent release of pent-up case settlements as the UK Courts system begins to open. Cash collections remain consistently high and, with road users increasing, the number of vehicles on the road is reaching record levels," says Executive Chair Alan Sellers.
Anexo will publish its interim results on September 13.
Current stock price: 140.50 pence
Year-to-date change: up 8.1%
By Dayo Laniyan; dayolaniyan@alliancenews.com
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