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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 Apr 20126:00 pmRNSDirector/PDMR Shareholding
27th Apr 20127:00 amRNSResults of Subsidiaries
18th Apr 20127:00 amRNSDirector's Biography
17th Apr 201211:42 amRNSChange of Registered Office
2nd Apr 20121:13 pmRNSDirector/PDMR Shareholding
30th Mar 201211:07 amRNSHolding(s) in Company
29th Mar 20125:24 pmRNSIssue of Equity
29th Mar 20123:40 pmRNSHolding(s) in Company
29th Mar 20121:50 pmRNSHolding(s) in Company
29th Mar 20127:00 amRNSHolding(s) in Company
27th Mar 20128:00 amRNSRe-admission to Trading
26th Mar 201210:42 amRNSResult of General Meeting
26th Mar 201210:35 amRNSResult of General Meeting
1st Mar 201212:00 pmRNSUpdate on Reverse Acquisition
1st Mar 201211:51 amRNSSchedule 1 - Croma Group plc
1st Mar 20127:00 amRNSReverse Acquisition and Placing
1st Mar 20127:00 amRNSInterim Results
9th Feb 20127:00 amRNSContract Win
1st Feb 20127:00 amRNSAppointment of Nominated Adviser and Broker
16th Dec 201112:07 pmRNSResult of AGM
23rd Nov 20117:00 amRNSResults for the Year to 30 June 2011
30th Sep 20117:00 amRNSStatement re Annual Results
4th Aug 20117:00 amRNSTrading Update
1st Aug 20117:00 amRNSContract Wins
5th Jul 20117:00 amRNSNew Contract Win
19th May 201111:05 amRNSNew Contract Win
19th Apr 20112:45 pmRNSDirectorate Change
4th Apr 201110:05 amRNSDirector/PDMR Shareholding
31st Mar 20112:16 pmRNSHalf Yearly Report
31st Mar 20112:15 pmRNSDisposal
22nd Mar 20117:00 amRNSContract Wins
24th Feb 201111:18 amRNSHolding(s) in Company
19th Jan 20117:00 amRNSResignation of Director
30th Dec 20102:47 pmRNSResult of AGM
30th Nov 20102:09 pmRNSAnnual Report and Accounts
29th Nov 20107:00 amRNSFinal Results for the Year to 30th June 2010
28th Jul 20109:55 amRNSDiscussions for Sale of Avionics Subsidiary
16th Jun 20103:36 pmRNSDirector/PDMR Shareholding
15th Jun 20102:08 pmRNSHolding(s) in Company
14th Jun 20109:57 amRNSHolding(s) in Company
11th Jun 20109:51 amRNSIssue of Equity
11th May 20109:31 amRNSDirector/PDMR Shareholding
29th Apr 20104:10 pmRNSDirector/PDMR Shareholding
29th Apr 201012:16 pmRNSHolding(s) in Company
26th Apr 201011:33 amRNSDirector/PDMR Shareholding
31st Mar 20101:39 pmRNSDirector/PDMR Shareholding
22nd Mar 20107:00 amRNSHalf Yearly Report
16th Mar 20103:23 pmRNSRe Contract
9th Dec 20098:34 amRNSIssue of equity and director shareholding
8th Dec 20094:13 pmRNSAnnual General Meeting

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