Gattaca Regulatory News (GATC)

26 Jan 2007 07:00

Matchtech Group PLC26 January 2007 26 January 2007 Pre Close Trading Update and Board Changes Matchtech Group plc, one of the UK's leading technical recruitment companies,will announce its interim results on 25 April 2007. Ahead of this, the Companytoday announces a trading update, together with details of a change in the rolesand responsibilities of two of its Directors. Trading The Board is pleased to announce that trading continues to be strong across allthree of Matchtech's operating sectors, Engineering, Built Environment andSupport Services. Net Fee Income ("NFI") in the first five months was over 28%ahead of the same period last year. Market conditions remain strong and thereare good growth opportunities open to the Company. This gives the Boardconfidence in Matchtech's prospects for the full year. Board Change Adrian Gunn, currently Deputy Managing Director and Sales Director, is to takeover the position of Group Managing Director with effect from 1 February 2007.Adrian takes over from Paul Raine, who remains on the Board as ResourcesDirector, with responsibility for IT, operations, marketing and legal. George Materna, Chairman of Matchtech, commented: "I am pleased to report that we have made a strong start to our life as apublicly listed company and that trading continues to be strong across thebusiness. "I am also pleased to announce Adrian's appointment as Group Managing Director.Adrian knows Matchtech inside out, having joined as a consultant in 1988. He hasbeen a member of the senior management team for the past nine years and on theBoard since 2004. "Adrian takes over the day-to-day leadership of the Company from Paul Raine, whois seeking a different role within Matchtech for personal reasons. Thisrepresents a smooth transition of management roles, with the established coreexecutive team of Adrian, Paul and Tony Dyer remaining in place. Matchtech is invery good shape and has a very experienced management team with the ambition anddrive to take the business forward." For further information please contact: Matchtech Group plc 01489 898989George Materna, Chairman Hogarth Partnership (for Matchtech) 020 7357 9477John Olsen / James Longfield / Fiona Noblet Background on Matchtech Matchtech specialises in the provision of contract and permanent staff in theEngineering, Built Environment and Support Services sectors across the UK. It was established in 1984 and has grown organically to become the UK's 4thlargest technical and engineering recruitment specialist and one of the UK's 20largest recruitment companies (Source: Recruitment International Top 100 Report- August 2006). Operating from a single site near Southampton, Matchtech provides predominantlyprofessionally-qualified candidates to clients in a broad range of industriesincluding oil and petrochemicals, marine, aerospace, water, electronics, civilengineering, building structures and transport infrastructure. It structures itsbusiness across three main sectors: Engineering, Built Environment and SupportServices. Matchtech Group plc floated on AIM in October 2006. This information is provided by RNS The company news service from the London Stock Exchange