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Pin to quick picksCroma Security Regulatory News (CSSG)

Share Price Information for Croma Security (CSSG)

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Share Price: 72.50
Bid: 70.00
Ask: 75.00
Change: 0.00 (0.00%)
Spread: 5.00 (7.143%)
Open: 72.50
High: 72.50
Low: 72.50
Prev. Close: 72.50
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Trading Statement

27 Oct 2005 10:17

Croma Group PLC27 October 2005 CROMA GROUP PLC ("Croma" or "the Group") TRADING STATEMENT The Board of Croma, the specialists in the design, development and production ofovert and covert surveillance, security and defence related products, notes therecent press speculation and can confirm that it is in advanced negotiations toacquire two separate private companies which will provide complementary productsto Croma's existing portfolio. The two acquisitions are subject to, inter alia, completion of due diligence andfinancing. It is anticipated that part of the consideration for the twoacquisitions will be satisfied by the issue of Croma shares, based on avaluation of the higher of 6.5 pence per share, or the mid-market closing priceon completion. A further statement regarding these acquisitions will be made indue course. It is expected that the preliminary results for the year ended 30 June 2005 willbe announced during the latter part of November. Those results will be belowmanagement expectations as a material contract which was anticipated tomaterialise during the period, suffered delays due to delays in the customers'own product launch. Deliveries of those products have now commenced. Inaddition, further delays have been experienced with certain military trialswhich again are expected to take part in the current financial year. This isexpected to result in losses before taxation for the year ended 30 June 2005being in the region of £600,000. On a positive note, the current financial year has started well. With increasinglevels of orders with high conversions, coupled with the benefits of theacquisitions made in the previous year coming through and the acceptance of newproducts, trading in the first quarter of this financial year is encouraging. In addition, the consolidation of the two divisions of Croma Defence Systems toa single location is showing an improved efficiency in administration, assemblyand marketing. As a result, there will be cost savings in the latter half of thecurrent financial year. With the good start to the first quarter of the current financial year, theBoard views the future with confidence. --ENDS-- Enquiries: Croma Group plcJohn French, Chairman & Chief Executive Mobile: 07836 722 482 Bishopsgate Communications Ltd. Tel: 020 7430 1600Dominic Barretto Mobile: 07930 450 156Maxine Barnes Mobile: 07860 489 571 Notes to Editors: Listed on the AIM market of The London Stock Exchange, Croma Group plc, the specialists in the design, development, production and marketing of overt and covert surveillance and defence related products, comprises of three divisions; namely Croma Defence Systems Ltd, Shawley (a division of Croma Defence) and R&D Design Services Ltd. This information is provided by RNS The company news service from the London Stock Exchange
Date   Source Headline
30th Nov 20167:00 amRNSNew Contract Win & Award
22nd Nov 20167:00 amRNSFinal Results
9th Jun 201611:18 amRNSDirector/PDMR Shareholding
8th Jun 20167:00 amRNSTrading Statement
4th Mar 20167:00 amRNSBoard Change
25th Feb 20167:00 amRNSInterim Results to 31 December 2015
18th Dec 20155:28 pmRNSHolding(s) in Company
15th Dec 20155:15 pmRNSHolding(s) in Company
9th Dec 20157:00 amRNSAcquisition
3rd Dec 20151:19 pmRNSResult of AGM
1st Dec 20157:00 amRNSNew Contract Win
30th Nov 201510:50 amRNSHolding(s) in Company
26th Nov 201511:20 amRNSCorrection RE Dividend Declaration
26th Nov 201510:11 amRNSDividend Declaration
19th Nov 20157:00 amRNSNew Contract Wins
5th Nov 20157:00 amRNSFinal Results
14th Sep 20157:00 amRNSNew Contract Wins
1st Jul 20157:00 amRNSContract Win
9th Jun 20157:00 amRNSNew Contract Wins
26th Feb 20157:01 amRNSInterim Results
3rd Dec 20146:01 pmRNSResult of AGM and Dividend Declaration
6th Nov 20147:00 amRNSFinal Results for the year to 30 June 2014
31st Jul 20147:00 amRNSTrading Update
27th Feb 20146:15 pmRNSReplacement : INTERIM RESULTS
27th Feb 20147:00 amRNSINTERIM RESULTS
31st Jan 20147:00 amRNSDirectorate Change
30th Dec 20135:04 pmRNSDirector Shareholding
11th Dec 20132:36 pmRNSResult of AGM
14th Nov 20137:00 amRNSFinal Results for the year to 30 June 2013
7th May 20137:00 amRNSDirectors Dealing & Issue of Equity
29th Apr 20134:21 pmRNSDirector Shareholding
29th Apr 201310:12 amRNSDirector Shareholding
29th Apr 20139:37 amRNSDirector Shareholding
26th Apr 20131:44 pmRNSTrading Update
3rd Apr 20137:00 amRNSContract Renewal
15th Mar 20137:00 amRNSInterim Results
2nd Jan 20138:36 amRNSResult of AGM
10th Dec 20127:00 amRNSPosting of Annual Report and Notice of AGM
10th Dec 20127:00 amRNSContract Win
5th Nov 201210:09 amRNSReplacement: Contract wins with Odeon and UK Land
5th Nov 20127:01 amRNSContract wins with Odeon Cinemas and UK Land Plc
5th Nov 20127:00 amRNSPreliminary Results
10th Sep 20127:00 amRNSFastvein System Deployed During Olympic Sailing
28th Jun 20127:00 amRNSAppointment of Finance Director
26th Jun 20127:00 amRNSOdeon Contract Win
18th Jun 20127:00 amRNSNew Contract Win
1st Jun 20127:00 amRNSChange of Adviser
23rd May 20129:10 amRNSContract Win
16th May 20122:12 pmRNSDirector Shareholding
11th May 201212:17 pmRNSDirector/PDMR Shareholding

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