The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksGRA.L Regulatory News (GRA)

  • There is currently no data for GRA

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

AGM Statement

22 Jul 2011 07:00

RNS Number : 8613K
Printing.com plc
22 July 2011
 



FOR RELEASE

7.00AM

22 July 2011

 

 

PRINTING.COM PLC

("Printing.com" or "the Group")

 

 

AGM STATEMENT

 

George Hardie, the Chairman of Printing.com, will release the following announcement at the Annual General Meeting to be held at 10.00am in Manchester today.

 

Trading Update

 

Post the last update, trading has softened across the Company's UK and Irish Franchised channel. Operating margins have also been impacted reflecting ongoing promotional support. Trading in the Netherlands, France and Belgium is in line with expectations.

Encouragingly, BrandDemand (the Company's online system facilitating other multi-site clients to order branded printing online) has gained further momentum in the UK, measured by both system utilisation and the implementation of the system for more clients. BrandDemand has now been launched in France and preparations continue for launch in the Netherlands and Ireland prior to the close of the Interim Period.

Flyerzone.fr was successfully launched in France this week, with Flyerzone.co.uk anticipated during the next 7 days. The UK Flyerzone channel will be the first to feature Printing.com's new 'Template' technology allowing micro businesses to perform graphic design online. The platform to enable the Template technology to be added into the Dutch channels is being finalised.

The investment being made in these new channels across the UK, France, Netherlands and Ireland coupled with the softer trading across the Company's UK and Irish franchised channel is likely to impact on first half earnings. However, we anticipate that for the second half of the year all of these channels will make a positive contribution and that earnings for the second half of the year will be in line with our previous expectations.

Cash generation remains strong with the only material capital expenditure relating to further investment in refining the Template technology.

Whilst the level of dividend has been uncovered of late, the Directors continue to support the policy of maintaining the dividend, having given regard to the cash requirements of the Company.

 For further information:

 

Printing.com plc

 

Tony Rafferty (Chief Executive) 07966 517 336

 

Alan Roberts (Finance Director) 0161 848 5713

 

Cubitt Consulting

 

Chris Lane 0207 367 5100

 

Brewin Dolphin Ltd (Nominated Adviser)

 

Mark Brady 0845 213 4730

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
AGMEAXXFAENFEFF
Date   Source Headline
28th Apr 202011:30 amRNSDirector/PDMR Shareholding
25th Mar 202012:30 pmRNSTrading Statement and Acquisition Strategy
26th Feb 20207:00 amRNSBlock admission application
9th Jan 20208:30 amRNSDirectorate change
27th Nov 20191:09 pmRNSDirector/PDMR Shareholding
27th Nov 20197:00 amRNSHalf-year Report
30th Sep 20195:00 pmRNSTotal Voting Rights
25th Sep 20193:18 pmRNSResult of AGM
20th Sep 20193:20 pmRNSExercise of Options
30th Aug 20195:00 pmRNSTotal Voting Rights
28th Aug 20197:00 amRNSFinal Results
20th Aug 20195:08 pmRNSHolding(s) in Company
19th Aug 20194:06 pmRNSHolding(s) in Company
19th Aug 20193:21 pmRNSHolding(s) in Company
19th Aug 20199:42 amRNSHolding(s) in Company
16th Aug 20195:34 pmRNSHolding(s) in Company
15th Aug 20195:19 pmRNSHolding(s) in Company
12th Aug 201910:45 amRNSResult of General Meeting
24th Jul 20197:00 amRNSIssue of Equity & notice of GM
3rd Jul 20197:00 amRNSTrading update and notice of AGM
2nd Jul 20197:00 amRNSUpdate - acquisition of Image Everything
9th Apr 20198:42 amRNSDirector/PDMR Shareholding
29th Mar 20195:30 pmRNSTotal Voting Rights
28th Mar 20193:33 pmRNSHolding(s) in Company
28th Mar 20191:51 pmRNSHolding(s) in Company
28th Mar 201912:00 pmRNSHolding(s) in Company
28th Mar 201912:00 pmRNSHolding(s) in Company
26th Mar 20197:00 amRNSAcquisition of Artichoke Design
25th Mar 20197:00 amRNSSubscription to raise £1.1m and Director Dealing
17th Jan 20194:00 pmRNSInvestment in Production Hub
28th Nov 20187:00 amRNSHalf-year Report
26th Sep 20188:30 amRNSUpdate re the acquisition of Image Everything
15th Aug 20187:00 amRNSEmployee Share Scheme
27th Jul 20182:16 pmRNSResult of AGM
27th Jul 20187:00 amRNSAGM Statement
5th Jul 201810:44 amRNSAcquisition of AG Signs
26th Jun 20187:00 amRNSBOARD CHANGES
11th Jun 20187:00 amRNSFinal Results
31st May 20185:00 pmRNSTotal Voting Rights
4th May 20184:25 pmRNSHolding(s) in Company
3rd May 20183:25 pmRNSHolding(s) in Company
3rd May 20181:28 pmRNSHolding(s) in Company
3rd May 20181:26 pmRNSHolding(s) in Company
3rd May 20189:00 amRNSHolding(s) in Company
2nd May 201810:30 amRNSResult of General Meeting and Total Voting Rights
27th Apr 20189:06 amRNSGrant of Extended Master Licence Agreement
13th Apr 20184:53 pmRNSDirector/PDMR Shareholding
13th Apr 20181:15 pmRNSIssue of Equity and Change of Adviser
23rd Mar 20187:00 amRNSTrading Statement
5th Mar 201810:33 amRNSHolding(s) in Company

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.