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1 Dec 2017 07:00
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1 December 2017
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JAMES HALSTEAD PLC
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Chairman's Statement to the Annual General Meeting
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James Halstead plc, the commercial flooring company, is holding its 102ndΒ AGM today at 12.00 noon at which the Chairman, Mr Geoffrey Halstead, will make the following statement:
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"As is customary, I would like to give you an update on trading now that we are five months into the current financial year.
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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.
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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.
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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.
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Current year trading continues in line with our budgets against competitive headwinds.
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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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- ends -
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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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