Result of AGM

RNS Number : 5016Q

Flowtech Fluidpower PLC

06 June 2018

 

NEWS RELEASE Issued on behalf of Flowtech Fluidpower plc Wednesday, 6 June 2018 Immediate Release
FLOWTECH FLUIDPOWER PLC ("Flowtech Fluidpower" the "Group" or "Company") Results of 2018 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 3.85 pence approved by shareholders today will be paid on 13 July 2018 to Members on the Register at the close of business on 8 June 2018. Enquiries to: Flowtech Fluidpower plc Bryce Brooks, Chief Financial Officer & Company Secretary Tel: [phone] Zeus Capital Limited (Nominated Adviser and Broker) Andrew Jones, Alistair Donnelly (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]
About Flowtech Fluidpower plc Founded as Flowtech in 1983, the Flowtech Fluidpower Group is the UK's leading specialist supplier of technical fluid power products.  The business joined AiM in 2014.  Today, the Group has four distinct divisions: Division: What we do: Locations: Flowtechnology focus on supplying distributors and resellers of industrial MRO products, primarily serving urgent orders #rather than bulk offerings. It offers an unrivalled range of OEM and Exclusive Brand products to over 5,000 distributors and resellers.  The catalogue is recognised as the definitive source for fluid power products, containing 100,000 individual product lines and are distributed to more than 80,000 industrial MRO end users. Flowtechnology Benelux (Deventer) Flowtechnology China (Guangzhou) Flowtechnology UK (Skelmersdale) Indequip (Skelmersdale) Beaumanor (Leicester) Power Motion Control (PMC) Specialise in the design, assembly and supply of engineering components and hydraulic systems and is further enhanced by a service and repair function. Primary Fluid Power (Knowsley) Nelson Hydraulics (Dublin, Lisburn, Dungannon, UK) TSL Fluid Power (West Yorkshire) Albroco (Knowsley) HTL (Ludlow) Hi-Power Hydraulics (Cork, Dublin, Belfast Manchester) Hydroflex (Brussels, Rotterdam and OudBeijerland) Hydraulic Equipment Supermarkets (Gloucester, Leeds, Birmingham, Durham) Branch Hydraulic Systems (Gloucester) HES Tractec (Gloucester) HES Automatec (Gloucester) HES Lubemec (Gloucester) Derek Lane & Co (Newton Abbot, Devon) Process Focus on the supply of industrial components and solutions to the process sectors. Hydravalve (Willenhall) Orange County (Spennymoor) Onsite Services During 2018, the Group is extending its service offering to include Onsite Technical Maintenance through highly skilled engineers. HES Onsite (Durham, Leeds, Birmingham, Gloucester) All four of the Group's divisions have overlapping product sets, allowing procurement synergies to be maximised. The above divisions are supported by a centralised back office team at the Skelmersdale site and a procurement and quality control team in Shanghai.  In total, the business employs over 550 people.  For more information please visit, www.flowtechfluidpower.com

 

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