Safeland PLC
09 June 2006
Press Announcement
Safeland Plc
9 June 2006
Trading statement
The conditions of those sections of the property market in which the Company
operates remain challenging with relatively few opportunities for the Company to
buy on acceptable terms and this has resulted in a loss before tax for the year
to 31 March 2006, extracted from the unaudited draft financial statements of the
Company, of approximately £1.1 million compared to a profit before tax for the
previous year, extracted without material adjustment from the restated audited
financial statements of the Company, of £1.8 million. The net asset value per
share as at 31 March 2006, extracted from the unaudited draft financial
statements of the Company, has remained relatively stable at 110p compared to
111p as at 30 September 2005, the date of the unaudited interim financial
statements. The Directors believe that the cash proceeds resulting from the
proposed acceptance by the Company of the recommended cash offer for Bizspace
plc, announced yesterday, will enhance the Group's abilities to pursue
investments and trading opportunities as and when they arise. Such
opportunities are frequently presented to the Company and the Directors are
always ready to investigate those which look attractive.
-end-
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