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17 Nov 2008 07:00
17 November, 2008
Regenersis plc
("Regenersis" or "the Group")
AGM Statement
At the Annual General Meeting ("AGM") of Regenersis plc (LSE: RGS.L), a leading provider of after sales product support services to many of the world's premier technology brands, which will be held today at midday Jeff Hewitt, Non-Executive Chairman, will give the following update on Trading:
"We remain focused on the priorities we previously identified in September and are concentrating our efforts on securing the longer term development and strength of the Group.
"We are developing our facilities and client base across Europe, remaining convinced of the benefits we will realise by investing in these market opportunities now. We continue to manage soundly the cost and working capital base of the Group; our financial position is strong and we have more than sufficient headroom to finance our activities.
"Even though these investments are taking place at a time when consumer markets are tightening, we continue to identify areas where our clients require greater support and remain confident that we are on track to report first half results in line with management expectations."
For further information please contact:
Regenersis plc +44 (0)1865 471900
Gary Stokes, Chief Executive Officer
David Kelham, Chief Financial Officer
KBC Peel Hunt Ltd (Nominated Advisor and Broker) +44 (0)20 7418 8900
Jonathan Marren / Oliver Stratton
Financial Dynamics +44 (0)20 7831 3113
Matt Dixon / Nicola Biles / Charles Palmer
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