AGM Statement and notice of results

RNS Number : 0293K

Tristel PLC

11 December 2018

 

Tristel plc

("Tristel" or the "Company")

AGM Statement and notice of results

Tristel plc (AIM: TSTL), the manufacturer of infection prevention, contamination control and hygiene products, will hold its Annual General Meeting today at 10am at Lynx Business Park, Fordham Road, Snailwell, Newmarket, Cambridgeshire CB8 7NY.

At the meeting Paul Swinney, Chief Executive Officer, will provide shareholders with the following update:

"We expect unaudited pre-tax profit (before share-based payments) for the first half to be no less than £2.2 million, compared to £2 million for the same period last year. The expected pre-tax profit figure takes account of the transaction costs arising from the acquisition of the Ecomed companies ('Ecomed Group') which we concluded last month; but it will include only one full month's revenue and profit contribution from them.  Our integration of these new French and Benelux businesses is progressing well.

"The Company is performing in line with management's expectations and our United States regulatory approvals project is progressing as planned."

Paul Barnes, Interim Chairman, will add:

"On behalf of my Board colleagues I would like to thank Francisco Soler, who steps down today after 25 years, for his many years of service to the Company, and to honour him with the title of Lifetime President.  Francisco co-founded the business with Paul Swinney in 1993. 

"I step into the role of Non-Executive Chairman for one year to oversee the Board's transition at this exciting time in the Company's development and will pass the reins over to a new Chair at next year's AGM. We are making good progress in our search for new additions to our Board of Directors."

The Company's unaudited interim results will be announced on Monday 25 February 2019.

For further information please contact:       

Tristel plc	Tel: [phone]
Paul Swinney, Chief Executive Officer
Liz Dixon, Finance Director
Walbrook PR Ltd	Tel: [phone] or [e-mail]
Paul McManus	Mob: [phone]
Lianne Cawthorne	Mob: [phone]
finnCap	Tel: [phone]
Geoff Nash/ Giles Rolls (Corporate Finance)
Alice Lane (ECM)

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014

 

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