Active Energy Regulatory News (AEG)

2 Mar 2006 07:00

Embargoed: 2 March 2006, 07:00hrs Buckland Group plc ("Buckland" or the "Company") Trading Update Buckland Group plc, the manufacturer of spark generators, announces that itssubsidiary, DK Gas Components Ltd, will complete the second phase ("phase two")in the transfer of production from the UK to Buckland's Thailand facilitywithin the next eight weeks.Phase two will result in a net saving in the group's payroll cost ofapproximately ‚£300,000 per annum, adding to the previous net cost savings fromphase one, announced in November 2005, of approximately ‚£150,000 per annum. Therelated redundancy cost of phase two is approximately ‚£25,000.In September 2005 the Company announced its half year results to 30 June 2005,recording a profit from continuing operations and acquisitions of ‚£23,344 onsales of ‚£1,671,785.The Group will announce its preliminary results for the year ended 31 December2005 in the month of April 2006.For further information please contact:Patrick Rogers, ChairmanBuckland Group plcTel. 07711 420 702Ben SimonsHansard CommunicationsTel. 020 7245 1100ENDBUCKLAND GROUP PLC