Sign In
7 Jun 2011 07:00
7th June 2011
Augean Plc
("Augean" or "the Group")
AGM Statement
Speaking today at the Annual General Meeting of Augean, one of the UK's leading hazardous waste businesses, the Chairman Roger McDowell will provide the following comments on current trading:
"I am pleased to report that the progress reported at the time of the preliminary results has continued and trading remains in line with the Board's expectations.
"Most notably the Group has recently been awarded a permit to dispose of Low Level Waste ("LLW") at our East Northants Resource Management Facility by the Environment Agency. This followed the decision by the Secretary of State for Communities and Local Government to uphold the Group's appeal for the granting of planning permission at the site. This is a significant milestone for Augean and we expect that the site will be able to start receiving low level waste from Q4 2011 and into 2012. We are conscious that the subject has provoked significant debate and the Group is committed to engaging with local communities on an ongoing basis to address any concerns.
The Group continues to make good progress with its wider growth strategy and the Board remains optimistic about delivering our original expectations for the remainder of the year. In the event that commercial contracts for LLW disposal are signed the Board will then review the forecast for the year.
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)."
-Ends-
For further information, call:
Augean Plc Paul Blackler, Chief Executive Richard Allen, Finance Director
| 01937 844 980 |
Singer Capital Markets Shaun Dobson/Claes Spång
| 020 3205 7500
|
Financial Dynamics Billy Clegg/Oliver Winters | 020 7831 3113 |
Follow the stocks
