Origin Enterprises Plc
10 December 2007
Origin Enterprises plc
AGM Statement
10th December 2007
Origin Enterprises plc ('Origin'), today held its Annual General Meeting at
which the, Chairman Owen Killian, made the following statement:
'2007 has been a significant year for Origin, with its establishment and
subsequent flotation on the IEX and AIM markets of the Dublin and London Stock
Exchanges, raising €100m to fund development opportunities. Post year-end,
Origin completed the acquisition of the 50 per cent interest in the Odlum Group
it did not already own, and now owns 100 per cent of the Odlum Group.
As outlined in the trading statement issued by Origin on 3rd December 2007,
Origin has delivered an excellent performance in its first quarter, primarily
due to the renewed buoyancy in primary producer markets. In particular,
increased cereal plantings in the UK are driving a higher application of key
farm inputs, resulting in an improved performance within the Group's Agri-Inputs
business.
The renewed momentum across the markets in which Origin operates reflects a new
underlying growth dynamic. The Group is well placed to achieve growth from
continuing operations in the current financial year.'
Ends
Enquiries
Brendan Fitzgerald
Chief Financial Officer
Tel: +353 1 612 1259
Website: www.originenterprises.com
Joe Murray 01 4980300
Murrray Consultants 086 2534950
About Origin Enterprises plc
Origin Enterprises plc is a leading Agri-Nutrition and Food company. The
Agri-Nutrition division, through its manufacturing and distribution operations
in Ireland and the UK, has leading market positions in the supply of feed
ingredients, crop nutrition and specialist marine proteins. The Group's Food
division, comprising sales, marketing, distribution and manufacturing activities
in Ireland, has leadership positions in ambient food across the retail, food
service and manufacturing sectors. The Group has the benefit of a substantial
operating asset base including a number of significant properties with
development potential located in areas destined for future development and
regeneration.
Note
All comments are based on unaudited management accounts. Certain statements made
in this trading update are forward-looking statements. Such statements are based
on current expectations and are subject to a number of risks and uncertainties
that could cause actual events or results to differ materially from any expected
future events or results referred to in these forward-looking statements.
This information is provided by RNS
The company news service from the London Stock Exchange
GMURVARBURUAAA
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.