Vislink PLC
6 June 2001
6 June 2001
Vislink plc
Annual General Meeting Statement - Wednesday 6th June 2001
Vislink plc ('the Group'), the leading global designer and manufacturer of
microwave transmission equipment for broadcast TV, held its Annual General
Meeting today.
At the AGM, the key points from the update given by the Chief Executive Ian
Scott-Gall to the shareholders present at the meeting were:-
* The Group's order intake for the five months to May 2001 was £32m.
* In addition, we have been made the nominated supplier on two significant
international communications tenders which are expected to benefit the
second half.
* The outstanding order book at £19m remains firm.
* Trading in MRC, our US microwave TV broadcast systems business, has been
strong to date, although there are now signs that the US economic slowdown
is starting to lengthen the sales cycle. However, support for our markets
in the US should continue to come from the FCC mandated requirement for
commercial TV stations digital Studio to transmitter links to be in place
by May 2002.
* In the current economic conditions, the Board expects this year's
pattern of trading to broadly follow last year, with a modest first half
and a stronger second half.
* Whilst trading is tougher, the Board remains confident that the Group's
opportunities for growth remain in place.
Ends
For further information on Wednesday 6 June 2001, please contact:
Ian Scott-Gall 01488 685500
Chief Executive, Vislink plc
James Trumper 01488 685500
Group Finance Director, Vislink plc
Andrew Edwards / Stephen Anstee 020 7597 5970
Investec Henderson Crosthwaite
*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.