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Yorklyde PLC (YKLD)

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Wednesday 27 June, 2001

Yorklyde PLC

AGM Statement - Amendment

Yorklyde PLC
27 June 2001





THE FOLLOWING ANNOUNCEMENT IS A REPLACEMENT FOR THE AGM STATEMENT ISSUED AT
7.00AM THIS MORNING UNDER RNS NUMBER 9307F.  THE ANNOUNCEMENT HAS BEEN CHANGED
IN THE FIRST LINE FROM 'At the Company's AGM held today' to 'At the Company's
AGM, to be held later today,'.


For immediate release

27 June 2001


Yorklyde PLC


AGM Statement


At the Company's AGM, to be held later today, Charles Brook, Chairman of
Yorklyde plc, a manufacturer of high value cloth and accessories for the
luxury goods sector and high specification fabrics for use in the transport
industry, will make the following remarks:



'When we announced our preliminary results in April, I reported on the much
improved order position in all our divisions due to the return to colour and
the British Look in fashion, together with the successful development of new
products and new markets.  I was also delighted to report that the continuing
businesses had returned to profitability.



'I am pleased to be able to say that we have continued to benefit from high
levels of activity throughout our divisions in the first four months of the
current financial year.



'Since the year end we are pleased to have completed, on 21 May, the disposal
of Westcountry Clothing for net proceeds of £314,000, enabling us to focus
management and financial resources fully on developing the continuing core
operations.



'Last year we took advantage of the authority given to the Board and bought in
800,000 shares at a price of 47p per share, representing 7.1% of the Company's
issued share capital, which had a material benefit on the share price.
Shareholders have today renewed the authority to buy in up to a further 10%
should the opportunity arise.



'We continue to be optimistic about Yorklyde's future prospects and are
confident of a satisfactory outcome for the year as a whole.'



                                    -ends-



For further information, please contact:


Yorklyde plc
Charles Brook, Chairman
Humphrey Scott, Finance Director                                   01484 683611

Golin/Harris Ludgate
Reg Hoare                                                         020 7324 8523
Katie Hunt                                                         07884 494112



                                                                                
                                                                                
                             

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