Trading Statement and Board Change

RNS Number : 6317Y

Latham(James) PLC

06 March 2017

 

James Latham plc

("James Latham" or the "Company")

Trading Statement and Board Change

The Board of James Latham is pleased to provide a trading statement ahead of the Company's results for the year to 31 March 2017.

Revenue for the year ending 31 March 2017 is expected to be broadly in line with market expectations and profit before tax is likely to be higher than expected.  The Board anticipates releasing the Company's preliminary results on 22 June 2017.

Building work is continuing as planned and to budget at James Latham's new depot in Yate and the move to the site is anticipated during August 2017.  In addition, detailed plans have been agreed for the relocation of the Wigston business to a new site, and the Company is currently awaiting planning approval.

The Board also announces that Peter Latham has decided to retire as Chairman and as a director at the Annual General Meeting on 23 August 2017 and that Nick Latham will take over as Chairman from that date.

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014.

James Latham plc	Tel: [phone]
David Dunmow, Finance Director
Northland Capital Partners Limited Nominated Adviser and Broker	Tel: [phone]
Matthew Johnson / Edward Hutton

 

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