RNS Number : 9473S
Mount Engineering PLC
28 May 2009
MOUNT ENGINEERING PLC
('Mount' or 'Group')
AGM Statement
Mount Engineering Plc (AIM:MOU), the manufacturer and supplier of certified explosion proof fittings and supplier of valves and actuators, predominantly to the oil and gas industry, confirms that all the resolutions put to shareholders at the Company's Annual General Meeting held today were duly passed.
Addressing the meeting, Colin Ainger, Chairman stated that as indicated in the preliminary announcement of the 2008 results on 19 March 2009, in the current economic climate the market for the Group's products would be less predictable than in previous years.
The Company had a satisfactory first quarter and the Board anticipates that the first half results would be broadly in line with the prior year. It is now evident that customers are de-stocking across the Group's markets and consequently at this stage the Board anticipates that the outcome for the current year will be broadly similar to that of the prior year.
28 May 2009
Enquiries:
Mount Engineering Group Plc
Colin Ainger (Chairman) 07778 160 365
Dave Stanham (Chief Executive) 07834 046 121
Charles Stanley Securities
Nominated Adviser
Rick Thompson / Phil Davies / Carl Homes 0207 149 6000
This information is provided by RNS
The company news service from the London Stock Exchange
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