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1 Dec 2017 07:00
1 December 2017
JAMES HALSTEAD PLC
Chairman's Statement to the Annual General Meeting
James Halstead plc, the commercial flooring company, is holding its 102nd AGM today at 12.00 noon at which the Chairman, Mr Geoffrey Halstead, will make the following statement:
"As is customary, I would like to give you an update on trading now that we are five months into the current financial year.
I have worked within the James Halstead Group for 70 years, 55 years as a Group Director, including the last 17 years as Chairman. I am very proud of how the Company has grown over that period which has been achieved by a first class team effort and I am leaving the Company in very good hands.
I congratulate Anthony Wild on his new role as Chairman and Stephen Hall on becoming the Senior Independent Director and also welcome Russell Whiting and Michael Halstead to the Board.
I would also like to record my great appreciation of the contribution made by my fellow director Eberhard Lotz who is also stepping down today and wish him a long and happy retirement.
Current year trading continues in line with our budgets against competitive headwinds.
It is pleasing that the Board is once again proposing a record dividend of 9.25p and given that an abundance of new ranges and designs are being launched in 2018 I remain confident in the prospects of the Company going forward."
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Enquiries: | |
James Halstead: | Telephone: 0161 767 2500 |
Mark Halstead, Chief Executive | |
Gordon Oliver, Finance Director | |
Hudson Sandler: | Telephone: 020 7796 4133 |
Nick Lyon | |
Panmure Gordon (Nomad and Joint Brokers): | Telephone: 020 7886 2500 |
Ben Thorne | |
Andrew Potts | |
Arden (Joint Broker): | Telephone: 020 7614 5900 |
Chris Hardie | |
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