19 Jul 2012 07:00
19 July 2012
Byotrol plc
AGM Statement
At the Annual General Meeting of Byotrol plc ('Byotrol' or 'the Company'), the leading AIM listed anti-microbial hygiene company, to be held today at 60 New Broad St, London, EC2M 1JJ at 2.30pm, the Chairman, Ralph Kugler, will make the following statement:
"The team at Byotrol continues to make encouraging progress and has maintained the momentum seen in the second half of last year into the current financial year.
Negotiations with our Fortune 150 consumer market partner remain on track to deliver a full commercial agreement in line with the timescales set out in our update to the market on 12 April 2012.
The product launches in conjunction with Rentokil Initial Plc have been successful and the resulting order flow is encouraging.
The balance sheet remains strong. The Company reported holding £1.62m in cash at 31 March 2012 when it announced its preliminary results in June. This figure was ahead of expectations, reflects our rigorous cost control and demonstrates a robustness in the organisation. This positions the Company well to achieve its objective of positive cash generation at the earliest opportunity.
The Board of Byotrol remains optimistic about the prospects for the business and looks forward to updating the market further in due course."
Enquiries:
Byotrol plc | 01925 742000 |
Ralph Kugler, Chairman |
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Gary Millar, Chief Executive |
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Duncan Grosvenor, Finance Director |
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finnCap Limited | 020 7220 0500 |
Nominated Adviser and broker |
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Geoff Nash/Christopher Raggett |
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Winningtons | 020 3176 4722 |
Tom Cooper/Paul Vann | 0797 122 1972 |
| tom.cooper@winningtons.co.uk |
Notes to Editors:
Byotrol plc (BYOT.L), quoted on AIM, is a leading anti-microbial technology hygiene company, operating globally in the Health, Food, Leisure, Consumer, Industrial and Agriculture sectors, providing a low toxicity product with a broad-based and long lasting efficacy across all microbial classes; bacteria, viruses, fungi, moulds, microbacteria and algae.
The Byotrol product can be used as a stand alone product or as a complementary biocide additive to existing products to improve their performance in personal hygiene, domestic and industrial disinfection, odour control, food production and food management.
Founded in 2005, the Company has prioritised the development of a technology that creates easier, safer and cleaner lives through partnering with providers of essential goods and services. Byotrol is the catalyst behind the aptly named global 'Hygiene Revolution'.