StockMarketWire.com - GB Group has made good strategic progress with the earnings-accretive acquisition of Postcode Anywhere (Holdings) (PCA Predict), as well as increasing its international presence and credentials, shareholders at the annual general meeting today will be told.

Chairman David Rasche will say: "Acquired in May 2017, PCA Predict is a leading provider of UK and international address validation services, with an easy-to-deploy SaaS platform.

"We are now a leader in Address Data Intelligence, thanks to the combination of these capabilities and our existing in-depth Identity Data Intelligence datasets.

"We are pleased with the progress that PCA Predict is making, both in respect of its performance since May and its planned integration into GBG.

"In terms of international activities, we remain focussed on serving our customers globally.

"Today, a growing amount of GBG's revenue comes from our international customer base. We have an enviable global data reach, through access to over 400 datasets operated through a network of more than 200 data partners.

"In addition, we have in excess of 150 active fraud solutions deployed in around 50 countries.

"Our activities and innovations continue to reap rewards through new business wins, as demonstrated by the addition in the first quarter of the year of six new financial institutions in China investing in our application fraud detection solution.

"This brings the number of Chinese financial services customers to 46.

"Our achievements and performance have also been recognised by a number of industry and sector bodies.

"We were particularly pleased that GBG won 'Best Performing Company' for Security & Infrastructure Software at this year's Megabuyte Quoted25 awards.

"Not only is this a fantastic achievement in itself, it also marks the third year running that we've secured both a top ten slot in Megabuyte's Quoted25 overall rankings and the highest score in the Security & Infrastructure Software subcategory (http://www.megabuyte-awards.com).

"Our strong performance in the year to 31 March 2017, along with confidence in our future prospects, means that we can maintain our progressive dividend policy this year.

"We are submitting for shareholder approval at today's AGM a proposed final dividend of 2.35p per share.

"This represents a 13% increase on last year.

"Our successes put us in a strong position, and we want to make sure we continue on this path in future.

"The Board is committed to delivering sustainable growth and building value for our stakeholders.

"We believe it is important to be responsive to the increasing global demand for identity data intelligence - which we are doing both through acquisition and investment in product development.

"The Board reports that trading is progressing in line with management expectations."




At 8:18am: [LON:GBG] GB Group PLC share price was +1.38p at 356.38p



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