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Camkids Group PLC (CAMK)

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Thursday 05 June, 2014

Camkids Group PLC

Result of AGM / Trading Update

RNS Number : 9516I
Camkids Group PLC
05 June 2014
 



 

 

 

Press Release

5 June 2014

 

Camkids Group plc

 

("Camkids" or the "Company")

 

Result of Annual General Meeting

Trading update

Dividend payment date

 

Camkids Group plc (AIM: CAMK), a leading Chinese designer, manufacturer and distributor of branded outdoor clothing, footwear and equipment for children, announces that at its Annual General Meeting held earlier today at its offices in Jinjiang City, China, all resolutions put to shareholders were duly passed.

 

Camkids is also pleased to announce the following trading update.  The Board confirms that trading across all of the Group's divisions is in line with market expectations for the current financial year.    As previously reported in the Group's Final Results on 24 April 2014, Camkids showcased its autumn / winter 2014 collection to distributors in Beijing in February 2014.  The fair in Beijing was extremely well-attended and the Board is pleased to report that following this sales fair, Camkids' order book is up by 1.2% compared with the same period last year.   

 

The Group will issue a more detailed interim pre-close trading update to the market in early July 2014.

 

Following approval by shareholders of the final dividend, as described more fully in the documents sent to shareholders alongside the AGM notice, the dividend timetable is set out below:

 

11 June 2014

Ordinary Shares quoted ex dividend

13 June 2014

Record date for dividend

27 June 2014

Final date for receipt of Scrip Dividend Mandate/CREST Dividend Election Input Message

10 July 2014

Posting of cheques and tax vouchers (as appropriate) (with anticipated receipt date of 11 July 2014)

11 July 2014

Dividend payment date / allotment of new Ordinary Shares / first day of dealing in the new Ordinary Shares

11 July 2014

Posting share certificates

 

Zhang Congming (Executive Chairman), as a shareholder of the Company, has elected to receive his dividend under the Scrip Dividend arrangements as he considers Camkids' share price to be fundamentally undervalued and not reflective of the confidence he has in the future of the Company.

 

The Board is aware of recent press articles about a small number of Chinese companies proposing to delist from AIM, Camkids wishes to reassure investors that it remains fully committed to its AIM listing and continues to see a huge amount of value from it.  Camkids has been successful in attracting UK investors both at IPO and subsequently and also receives a large amount of commercial and reputational benefit in China from its listing on AIM.

 

- Ends -

 

For further information:

Camkids Group plc


Zhang Congming, Executive Chairman

Tel: +44 (0) 20 7398 7714

Ng Pei Eng, Chief Finance Officer

www.camkids-ir.com

 

Allenby Capital Limited


Alex Price / James Reeve / Nick Athanas

Tel: +44 (0) 20 3328 5656

[email protected]

www.allenbycapital.com

 

Media enquiries:

Abchurch Communications Limited


Henry Harrison-Topham

Tel: +44 (0) 20 7398 7702

[email protected]

www.abchurch-group.com

 

 

Notes to Editors

Camkids is a leading Chinese designer, manufacturer and distributor of branded outdoor clothing, footwear and equipment for children and teenagers.

 

Based in Fujian province in China, the Group focuses on teenage sportswear for outdoor activities, combining functionality and innovation. The products are mid-range price based, targeting mid and high range markets within China.

 

The three main product areas are:

·     Camkids outdoor clothing - all weather jackets, waterproof trousers, shirts, tops and T-shirts, woollen sweaters, jeans, trousers shorts and skirts;

·     Camkids footwear - hiking boots, outdoor leisure footwear, flip-flops, sandals and boots

·     Camkids equipment and accessories - telescopes, backpacks, technical packs, tents, sleeping bags, headgear, caps, kettles, headlights and torches.

 

The Group designs its entire product range and manufactures the majority of its footwear.  Outdoor apparel and accessories are currently manufactured by third party OEMs.

 

Camkids' primary route to market for the sale of its products is through its network of distributors.  The Group has established an extensive distribution network across 29 provinces, 4 municipalities and 5 autonomous regions within the PRC and is successfully expanding its presence in tier 3 and tier 4 cities. The Group has 17 authorised distributors operating over 1,285 franchised retail outlets, and is in the early stages of developing an online e-commerce platform to target online retail.

 

Camkids has received a number of prestigious awards. In January 2014, the Group was recognised by Asia Brand Association as the Top Brand in China for 2013 and the top ten Industry Customer Satisfaction Brand's.  The Group's Chairman also received the Brand China 'People of the Year' award.

 

For more information please visit www.camkids-ir.com.


This information is provided by RNS
The company news service from the London Stock Exchange
 
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