Print   

Thursday 28 May, 2009

Mount Engineering

AGM Statement

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
 
END
 
 
AGMAPMMTMMJTBTL

Investegate takes no responsibility for the accuracy of the information within the site.


The announcements are supplied by the denoted source. Queries about the content of an announcement should be directed to the source. Investegate reserves the right to publish a filtered set of announcements. NAV, EMM/EPT, Rule 8 and FRN Variable Rate Fix announcements are filitered from this site.



Investegate      © 2012 FE. All rights reserved.