Result of AGM

RNS Number : 2449G

Flowtech Fluidpower PLC

25 May 2017

 

Issued on behalf of Flowtech Fluidpower PLC Thursday 25th May 2017 Immediate Release

FLOWTECH FLUIDPOWER PLC (the "Group" or "Company") Results of 2017 Annual General Meeting

At the Annual General Meeting of the Company, held earlier today, all Resolutions proposed to shareholders were duly passed.

Dividend

The final dividend of 3.67 pence approved by shareholders today will be paid on 23 June 2017 to Members on the Register at the close of business on 2 June 2017.

Enquiries:
Flowtech Fluidpower plc Sean Fennon, Chief Executive Officer Bryce Brooks, Chief Financial Officer Tel: [phone] AIM: symbol: FLO email: [e-mail] website: www.flowtechfluidpower.com
Zeus Capital Limited (Nominated Adviser and Broker) Andrew Jones, Jonathan Sharp (corporate finance) Dominic King, John Goold (sales & broking) Tel: [phone] finnCap Limited (Joint Broker) Ed Frisby, Kate Bannatyne (corporate finance) Rhys Williams, Emily Morris (sales & broking) Tel: [phone] TooleyStreet Communications (IR and media relations) Fiona Tooley Tel: [phone] or email: [e-mail]

EDITORS' NOTE Flowtech Fluidpower plc, founded as Flowtech in 1983, is the UK's leading specialist supplier of technical fluid power products. The Group has three divisions: Flowtechnology, Power Motion Control and Process. All three of the Group's divisions have overlapping product sets, allowing procurement synergies to be maximised. The Flowtechnology division focuses on supplying distributors and resellers of industrial MRO (maintenance, repair and operation) products, primarily serving urgent orders rather than bulk offerings. It is formed from Flowtechnology UK, Flowtechnology Benelux and Indequip. It offers an unrivalled range of Original Equipment Manufacturer (OEM) and Exclusive Brand products to over 3,400 distributors and resellers and the catalogues are recognised as the definitive source for fluid power products, containing 100,000 individual product lines and are distributed to more than 80,000 industrial Maintenance, Repair and Overhaul end users (MRO). The Power Motion Control division specialises in the design, assembly and supply of engineering components and hydraulic systems and is further enhanced by a service and repair function. The division is formed from Primary Fluid Power, Nelson Hydraulics, TSL Fluidpower and HTL.  The Process division focuses on the supply of industrial components to the process sectors. The Group's main distribution centre is in Skelmersdale, Lancashire with further distribution centres in the Netherlands and China. The Power Motion Control division (PMC) has operations in Merseyside, Northern Ireland, the Republic of Ireland, Shropshire and Yorkshire; Process operates from the West Midlands.  In total the business employs 300 people.

 

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