Results of AGM and Trading Statement

RNS Number : 0750T

Swallowfield PLC

14 November 2013

 

Swallowfield plc

("Swallowfield" or "the Company")

Results of Annual General Meeting and Trading Statement

The Board of Swallowfield plc, a market leader in the development, formulation, and supply of personal care and beauty products; whose customers include many of the world's leading brands, announces that at the Company's Annual General Meeting, held earlier today, all Resolutions were duly passed.

Brendan Hynes, Non-Executive Chairman, provided the following trading statement:

"I am pleased to report that trading in the first four months of the year is in line with expectations. Positive momentum has continued with new customer wins, new product launches, and a lower cost base now in place.  

As I have previously outlined, we have initiated a business review of the Group, with the objective of improving value generation, cash conversion and shareholder returns. This is progressing well and more details will be available at the interim results in February 2014. This may result in further one off, exceptional costs being incurred in the current financial year as previously indicated.

We anticipated that this financial year would be one of stabilisation, focus and returning the business back to profitability. At this early stage in the year this objective remains firmly on track."

Brendan Hynes

Non-Executive Chairman

For further information please contact:
Swallowfield plc
Chris How	Chief Executive Officer	01823 662 241
Mark Warren	Group Finance Director	01823 662 241
Shaun Dobson/Jenny Wyllie	N+1 Singer	0207 496 3000
Alan Bulmer	Investor Focus International	07831 654744
Chris Lawrance	JBP Public Relations	0117 907 3400

Notes to Editors:

Swallowfield plc is a market leader in the development, formulation, and supply of personal care and beauty products. Our customers include many of the world's leading brands. We pride ourselves on being a customer orientated, innovative, flexible and responsive company. We combine high quality, competitive products with strong customer service and develop close partnerships with our customers facilitating an in-depth knowledge of their requirements.

 

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