AGM Statement

RNS Number : 7814M

Vp PLC

01 August 2017

 

Press Release

1 August 2017

Vp plc

('Vp' or the 'Group')

AGM Statement

Vp plc, the equipment rental specialist, announces that at the Group's Annual General Meeting held earlier today, all resolutions put to Shareholders by the Board were duly passed.

Speaking at the Annual General Meeting, Jeremy Pilkington, Chairman, commented:

"I am pleased to report that the Group has continued to trade in line with the Board's expectations and has made a positive start to the new financial year.

In the UK, markets remain stable, with infrastructure, construction and housebuilding, in particular, providing good demand for our range of services.

The two acquisitions of Zenith Survey Equipment Ltd and Jackson Mechanical Services (UK) Ltd, both announced in April 2017, are integrating well and have made an encouraging start within the Group.

In our International division, the slow oil and gas market, as anticipated, continues to restrict opportunities, but the specialist test and measurement activities in the Asia Pacific region are trading well.

We are pleased with the start Vp has made to the new financial year, and whilst we remain alert to any changes to market sentiment, we remain confident of delivering another year of progress for the Group."

- Ends -

For further information:

Vp plc
Jeremy Pilkington, Chairman		Tel: [phone]
Neil Stothard, Chief Executive		www.vpplc.com
Allison Bainbridge, Group Finance Director
Media enquiries:
Buchanan
Henry Harrison-Topham / Jamie Hooper/ Maddie Seacombe		Tel: [phone]
[e-mail]	www.buchanan.uk.com

Notes to Editors

Vp plc is a specialist rental business providing products and services to a diverse range of markets including infrastructure, construction, housebuilding and oil and gas, both in the UK and overseas.

The Group comprises a UK and an International division:

UK

Groundforce

Excavation support systems and specialist products for the water, civil engineering and construction industries primarily in the UK, but also in the Republic of Ireland and mainland Europe.

Hire Station

Tools and specialist products for industry, construction and home owners.

Torrent Trackside

Infrastructure equipment and services for the railway renewals and maintenance industry.

TPA

Portable roadway access solutions to the transmission, outdoor events, construction and utility sectors in the UK, the Republic of Ireland and mainland Europe.

UK Forks

Rough terrain material handling equipment for the housebuilding, general construction and industrial markets.

International

Airpac Bukom Oilfield Services

Equipment and service providers to the international oil and gas exploration and development markets.

TR Group

Specialist rental of test & measurement, communications and audio visual equipment in Australia, New Zealand and Malaysia.

Further information is available at www.vpplc.com/investors

 

END

 

 

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