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6 Jun 2013 07:00
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6th June 2013
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Augean plc
("Augean" or "the Group")
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AGM Statement
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Speaking today at the Annual General Meeting of Augean, one of the UK's leading specialist waste management businesses, the Chairman, Jim Meredith, will provide the following update to shareholders:
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"In the first five months of 2013 the Group has delivered a year on year increase in revenues and cash flow from operations has been positive. Whilst we continue to operate within challenging UK economic conditions we have been able to leverage the Group's expertise in providing specialist waste management solutions for our customers and have continued to invest in markets which the Board is confident will provide growth opportunities in the medium term. In particular, our North Sea Services business has developed its market presence and grown its contribution to the Group.
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At the AGM today the Board will be seeking approval from our shareholders to pay the maiden dividend of the Group. This represents a significant milestone in the development of Augean and reflects the Board's confidence in the Group's outlook as we continue to seek to provide long term returns from the capital employed.
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The Board's expectations for the 2013 results remain unchanged."
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In accordance with AIM Rule 20, copies of the Report and Accounts have been posted to shareholders and are available on the Company's website (www.augeanplc.com).
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-Ends-
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For further information, call:
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Augean plc Jim Meredith, Chairman Richard Allen, Interim Chief Executive Β | 01937 844 980 |
N+1 Singer Shaun Dobson Jenny Wyllie Β | 020 3205 7500 Β |
FTI Consulting Oliver Winters Latika Shah | 020 7831 3113 |
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