AGM Statement

RNS Number : 5160G

Nexus Infrastructure PLC

06 March 2018

 

Tuesday 6 March 2018

Nexus Infrastructure plc

("Nexus" or the "Group")

AGM Statement

At the Annual General meeting of Nexus Infrastructure plc (AIM:NEXS), a leading provider of essential infrastructure services to the UK housebuilding and commercial sectors, convened for 9.00 am today, Geoff French will state:

"The Group continues to hold strong market positions and has a well-defined strategy in place to deliver growth and future value for shareholders. The Board confirms today that it expects the results for the Group for the year ended 30 September 2018 to be in line with its expectations.  The Board is encouraged by the level of growth in the Group's order book, which at the end of February 2018 totalled £225m, an 11% increase since the beginning of the financial year. This provides Nexus with good visibility for the year ahead."

Enquiries:

Nexus Infrastructure plc Michael Morris, Chief Executive Officer Alan Martin, Chief Financial Officer	Tel: [phone]
Numis Securities Limited (Nominated Adviser & Broker) Oliver Hardy (Nomad)                   Heraclis Economides      Ben Stoop	Tel: [phone]
Financial Public Relations Camarco Ginny Pulbrook Tom Huddart	Tel: [phone]

Notes to Editors:

Nexus Infrastructure is a leading provider of essential infrastructure services to the UK housebuilding and commercial sectors. The Group comprises two separately managed and operated businesses: Tamdown, a provider of specialised infrastructure services; and TriConnex which designs, installs and connects utility networks to properties on new residential and commercial developments.

Tamdown has a well established market position having been in operation for over 40 years and currently counts amongst its customers nine of the top ten largest UK housebuilders. TriConnex was established in 2011 to take advantage of deregulation in the utilities market with the goal of being recognized as the UK's leading independent provider of utility connections to new developments.

 

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