AGM Statement

RNS Number : 7727X

James Halstead PLC

01 December 2017

 



1 December 2017

JAMES HALSTEAD PLC

Chairman's Statement to the Annual General Meeting

James Halstead plc, the commercial flooring company, is holding its 102^nd AGM today at 12.00 noon at which the Chairman, Mr Geoffrey Halstead, will make the following statement:

"As is customary, I would like to give you an update on trading now that we are five months into the current financial year.

I have worked within the James Halstead Group for 70 years, 55 years as a Group Director, including the last 17 years as Chairman.  I am very proud of how the Company has grown over that period which has been achieved by a first class team effort and I am leaving the Company in very good hands.

I congratulate Anthony Wild on his new role as Chairman and Stephen Hall on becoming the Senior Independent Director and also welcome Russell Whiting and Michael Halstead to the Board.

I would also like to record my great appreciation of the contribution made by my fellow director Eberhard Lotz who is also stepping down today and wish him a long and happy retirement.

Current year trading continues in line with our budgets against competitive headwinds.

It is pleasing that the Board is once again proposing a record dividend of 9.25p and given that an abundance of new ranges and designs are being launched in 2018 I remain confident in the prospects of the Company going forward."

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Enquiries:
James Halstead:	Telephone: [phone]
Mark Halstead, Chief Executive
Gordon Oliver, Finance Director
Hudson Sandler:	Telephone: [phone]
Nick Lyon
Panmure Gordon (Nomad and Joint Brokers):	Telephone: [phone]
Ben Thorne
Andrew Potts
Arden (Joint Broker):	Telephone: [phone]
Chris Hardie

 

END

 

 

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