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2 Jun 2016 07:00
2 June 2016
Augean plc
("Augean" or "the Group")
Annual General Meeting statement
Speaking today at the Annual General Meeting ("AGM") of Augean, one of the UK's leading specialist waste management businesses, the Chairman, Jim Meredith, will provide the following update to shareholders:
"Current trading for the year remains in line with management expectations. In particular, I am pleased to note the acquisition of Colt Holdings Limited, announced last month. Colt provides a broad range of industrial services, which complement Augean's existing service offering, to a range of customers including major industrial companies, oil refineries, rail and utilities. With a highly skilled and specialised work force, the acquisition provides significant opportunity to cross sell our services and bring new and valued clients to our business. This is an important development for the Group as we build on our successful organic growth and strategy to grow shareholder value.
Rory Macnamara steps down from the Board following the meeting today. I would like to take the opportunity to thank Rory again for his efforts during almost ten years with the Group and on behalf of the Board offer him my very best wishes for the future. Rod Holdsworth will take up the position of Chairman of the Audit Committee today, as Rory leaves the business.
I also confirm that John Grant today takes over the position of Chairman of the Remuneration Committee"
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 Dr Stewart Davies, Chief Executive Officer Richard Laker, Group Finance Director
| 01937 844 980 |
N+1 Singer Shaun Dobson Richard Lindley Jennifer Boorer
| 020 7496 3000
|
FTI Consulting Oliver Winters Adam Cubbage Fiona Walker
| 020 3727 1614 |
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