Result of AGM and Update on Trading

RNS Number : 2656P

Blavod Wines and Spirits PLC

30 September 2013

 

Blavod Wines & Spirits PLC

("Blavod" or the "Company")

                                               Result of AGM and Update on Trading

Blavod Wines & Spirits plc (AIM: BES), owner of premium drinks brands including Blavod Black Vodka, Blackwoods Gin and Vodka and RedLeg Spiced Rum, announces that at the Group's Annual General Meeting held earlier today all resolutions were duly passed.

Don Goulding, Executive Chairman of Blavod, said:

" I'm pleased to report that we are continuing to generate increased the levels of revenue from our owned brands and this, coupled with the careful management of our financial resources, means we remain on target to achieve monthly breakeven in the early part of next financial year"

Importantly, we have continued to increase the level of sales of RegLeg Rum both in the UK and abroad and this gives us confidence that the work we have done to re-design some of our other brands will be well received in the market. In October 2013 we will be launching the redesigned Blackwoods Gin 60% and Blackwoods Vodka brands into the UK, which will be retailed through

a number of on-trade outlets as well as UK grocery multiples. Beyond this, we are working on the re-design of Jago and Diva and expect these will be launched in the coming year."

Progressive Research has initiated research coverage on Blavod Wines & Spirits PLC and the report will be able to be downloaded in due course from: www.progressive-research.com

The Group's annual report and accounts for the year ended 31 March 2013 were posted to shareholders on 3 September 2013 and are displayed on the Group's website,

For further information please contact:

Blavod Wines and Spirits plc
Don Goulding Executive Chairman	Tel: [phone]
SPARK Advisory Partners Limited (NOMAD)
Neil Baldwin  Mark Brady	Tel [phone] /2268
SI Capital (Broker)
Andy Thacker Nick Emerson	Tel [phone]
Cadogan PR
Alex Walters	Tel: [phone]

About Blavod

Blavod Wines & Spirits plc is quoted on the AIM market of the London Stock Exchange. It owns drinks brands in a number of sectors of the alcoholic drinks market. These include premium Vodka, premium Gin, Vanilla Vodka Cream Liqueur and Spiced Rum and are called Blavod Original Black Vodka, Blackwoods Vintage Gin, Blackwoods Vodka, Diva Vodka, Jago's Cream liqueur and RedLeg Spiced Rum.

www.blavoddrinks.com

 

END

 

 

MSCLLFFFAFIIVIV