HAMP.L Regulatory News (HAMP)

4 Sep 2007 07:00

Hampson Industries PLC04 September 2007 Hampson Industries PLC AGM Statement At the Annual General Meeting of Hampson Industries PLC ("Hampson" or "theCompany") being held later today, Tony Gilroy, Chairman, will make the followingstatement: "On 21 August 2007, the Company provided an update on current trading via itsfirst Interim Management Statement under the UK Listing Authority's Disclosureand Transparency Rules. "Further to that update, the Board expects the Company's results for the yearending 31 March 2008 to be in line with its expectations and looks forward toanother successful year. "Having been a member of the Board for over five years, I would like to takethis opportunity to announce to shareholders that it is my intention to retirefrom the Board as Chairman and non-executive director on 30 November 2007.During this time the Company has seen many changes and accomplished manysignificant achievements. We have a clearly-focused strategy for growth and I amconfident my retirement comes at a time when the Company is well-positioned tocontinue to generate long-term value for our shareholders. "I am delighted to announce that the Board has approached Mr. Chris Geoghegan, aformer joint-Chief Operating Officer and current executive director of BAESystems plc, with an invitation to join the Board, initially as a non-executivedirector and, with effect from 30 November 2007, as Chairman and he hasindicated he will accept that position. A further separate announcementconcerning Mr. Geoghegan's proposed appointment will follow shortly." Ends. Further information: Kim Ward, Chief Executive +44 (0)1384 472941 Howard Kimberley, Finance Director +44 (0)1384 472946 Jonathan Gollins/Marylene Guernier, M:Communications +44 (0)207 153 1269 Notes to editors About Hampson: Hampson Industries PLC is listed on the main market of the London Stock Exchange(Symbol: HAMP). The Group's operations are structured into three segments,operating from 14 manufacturing facilities spanning three continents. Throughits international operations, the Group provides leading-edge, fully-integratedengineering and manufacturing solutions for: • Advanced aero structural components and assemblies • Performance-critical components for gas turbine engines • Close tolerance components & rotating assemblies for automotive turbochargers • Precision tooling systems for large, composite aero structures Approximately 85% of the Group's sales are derived from its aerospaceactivities, the balance from the specialist automotive markets. The Hampson group employs over 1,700 people worldwide. For more information onHampson: www.hampsongroup.com About Chris Geoghegan: Chris Geoghegan, 53, is group executive director of BAE Systems plc and anon-executive director of Kier Group PLC. Chris has over 30 years' experience in the aerospace industry. He spent most ofhis career in the commercial division of BAE Systems, where he was appointedgroup executive director in January 2007. Prior to this he was Group ManagingDirector. In 2002 he became a board member of Airbus Industrie and one of threechief operating officers of BAE Systems. Chris also has substantial experience in the military aerospace sector, havingbeen responsible for BAE Systems' European Defence Joint Ventures and whollyowned defence electronics companies, since July 2002. He is currently President of the Society of British Aerospace Companies. Cautionary Statement: This announcement contains forward-looking statements that are based on currentexpectations or beliefs, as well as assumptions about future events. Theseforward-looking statements can be identified by the fact that they do not relateonly to historical or current facts. Forward-looking statements often use wordssuch as anticipate, target, expect, estimate, intend, plan, goal, believe, will,may, should, would, could or other words of similar meaning. Undue relianceshould not be placed on any such statements because they speak only as at thedate of this document and by their very nature, they are subject to known andunknown risks and uncertainties and can be affected by other factors that couldcause actual results, and Hampson's plans and objectives, to differ materiallyfrom those expressed or implied in the forward-looking statements. There are a number of factors which could cause actual results to differmaterially from those expressed or implied in forward looking statements. Amongthe factors that could cause actual results to differ materially from thosedescribed in the forward-looking statements are, increased competition, the lossof one or more key customer relationships, changes to customer orderingpatterns, delays in obtaining customer approvals for engineering or price levelchanges, the failure of one or more key suppliers, the outcome of business orindustry restructuring, the outcome of any litigation, changes in economicconditions, currency fluctuations, changes in interest and tax rates, changes inraw material or energy market prices, changes in laws, regulations or regulatorypolicies, developments in legal or public policy doctrines, technologicaldevelopments, the failure to retain key management, or the key timing andsuccess of future acquisition opportunities or major investment projects. Hampson undertakes no obligation to revise or update any forward lookingstatement contained within this announcement, regardless of whether thosestatements are affected as a result of new information, future events orotherwise, save as required by law and regulations. This information is provided by RNS The company news service from the London Stock Exchange