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AGM Statement

11 Sep 2015 07:00

RNS Number : 7564Y
Sweett Group PLC
11 September 2015
 

11 September 2015

Sweett Group plc

("Sweett Group", the "Company" or "the Group")

AGM Statement

At the Company's Annual General Meeting to be held at 10.00 today, John Dodds, Chairman of Sweett Group (AIM:CSG.L), a global provider of professional services for the construction and management of building and infrastructure projects, will make the following statement:

"It is almost exactly a year since I became Chairman and the business has made good progress in that period with a revised strategy and a new CEO, Douglas McCormick, who was appointed in March 2015. Douglas has injected a high level of energy into the business and is proactively moving the Company forward whilst addressing past issues. I am pleased with the appointment of Douglas and with the progress being made.

"Following the review of strategy undertaken by the Board, the key output was to focus on improving the Group's profitability and cash flow and reduce debt through the sale of our APAC and India businesses, which is ongoing. An update on this process will be made when appropriate.

 "The SFO's investigation into matters in the Middle East is also ongoing and we are co-operating fully.

 "Year to date, trading has been sound and we were delighted to have been appointed by Westfield for two major private rental sector residential schemes at Westfield Shepherd's Bush and Stratford; to be working for Illumina on its biomed project; and on a number of industrial projects on behalf of Jaguar Land Rover. The Board expects results for the full year to be in line with market expectations."

 

ENDS

 

For further information, call:

Sweett Group plc:

+44 (0)20 7061 9000

Douglas McCormick, Chief Executive Officer

 

Patrick Sinclair, Chief Financial Officer

 

 

 

Westhouse Securities Limited:

+44 (0)20 7601 6100

Tom Griffiths

 

 

 

Camarco

+44 (0)20 3757 4980

Billy Clegg

 

Georgia Mann

 

 

About Sweett Group

Sweett Group is a global provider of professional services for the construction and management of building and infrastructure projects.

 

We have an integrated network of 58 offices in 18 countries across five continents offering cost consulting and project management. Our service supports clients through every stage of the project life cycle based upon our international expertise and local knowledge. Our strength is our people's world-class talent and expertise through which, we have time and again delivered exceptional results. The strategy builds on these key strengths.

 

A modern, progressive company, Sweett Group sets itself apart through people, culture and aptitude to change. By collaborative practices and innovative thinking - supported at all levels - our clients receive an offering that is constantly evolving and improving in response to project needs.

www.sweettgroup.com

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
AGMFBLLFEKFBBBD
Date   Source Headline
29th Jan 20102:22 pmRNSVOTING RIGHTS AND CAPITAL
25th Jan 20107:00 amRNSTransport for London framework agreement
25th Jan 20107:00 amRNSCyril Sweett hires Director of Transport
21st Jan 20104:57 pmRNSHolding(s) in Company
19th Jan 20104:54 pmRNSAward of shares under the Share Incentive Plan
12th Jan 20107:00 amRNSCyril Sweett wins ProCure21 training contract
11th Jan 20104:38 pmRNSDeferred consideration
9th Dec 20097:00 amRNSAbu Dhabi contract win
7th Dec 20097:00 amRNSCollaboration Agreement with Capita Symonds
1st Dec 20095:48 pmRNSDeferred consideration
1st Dec 20097:00 amRNSInterim results
20th Nov 20097:00 amRNSExpress LIFT Update
16th Nov 20097:00 amRNSAppointed on tallest building in Saudi Arabia
30th Oct 20091:52 pmRNSTotal Voting Rights
13th Oct 200911:59 amRNSTransaction in Own Shares
13th Oct 20097:00 amRNSPre-close Trading Update
12th Oct 20091:35 pmRNSAward of Shares under the Share Incentive Plan
7th Oct 200912:20 pmRNSJV appointed as NHS Cumbria LIFT Partner
1st Oct 20095:12 pmRNSChange of Trustee
1st Oct 200911:09 amRNSTotal Voting Rights
29th Sep 200911:02 amRNSShare Incentive Plan
29th Sep 200910:55 amRNSTransaction in Own Shares
11th Sep 200910:26 amRNSResult of AGM
24th Aug 200911:05 amRNSNotice of AGM
19th Aug 200911:29 amRNSAnnual Report and Accounts
31st Jul 200911:34 amRNSTotal Voting Rights and Capital
30th Jul 200911:19 amRNSShare Incentive Plan - Replacement
16th Jul 20094:50 pmRNSAward of Shares under the Share Incentive Plan
16th Jul 20094:44 pmRNSHolding(s) in Company
1st Jul 20094:05 pmRNSTransaction in Own Shares
1st Jul 20094:01 pmRNSDirector/PDMR Shareholding
1st Jul 20097:00 amRNSPreliminary Results
22nd Jun 20093:48 pmRNSHolding(s) in Company
19th Jun 200912:33 pmRNSHolding(s) in Company
27th May 20092:16 pmRNSHolding(s) in Company
26th May 20092:00 pmRNSNotice of Results
1st May 20097:00 amRNSPre-close Trading Update
30th Apr 20096:07 pmRNSTotal Voting Rights
30th Apr 20094:38 pmRNSShare Incentive Plan
27th Apr 20096:30 pmRNSGrant of options
27th Apr 20091:22 pmRNSHolding(s) in Company
22nd Apr 200911:27 amRNSTransaction in Own Shares
14th Apr 20099:48 amRNSHolding(s) in Company
9th Apr 20097:00 amRNSTransaction in Own Shares
2nd Mar 200912:14 pmRNSDirector/PDMR Shareholding
25th Feb 200910:25 amRNSDirector/PDMR Shareholding
25th Feb 20099:45 amRNSShare Incentive Plan
6th Feb 20091:36 pmRNSShare Incentive Plan
28th Jan 20099:00 amRNSHolding(s) in Company
19th Jan 20097:00 amRNSDirectorate Change

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