Last checked at 21 Oct 2014 12:18
Leeds Group plc
(the "Company")
AGM Statement
At today's Annual General Meeting, Kathryn Davenport, Non-Executive Chairman, will make the following statement:
"After the four completed months of the current financial year I am pleased to say that the performance of our trading companies has been satisfactory, and is in line with our expectations. We continue to seek additional growth through the appointment of additional agents in certain European territories. At the same time, we anticipate completing in the second half of the year our projects to allow customers to buy online from both Hemmers in Germany and from ChinohTex in China.
It remains the intention of the Board to actively seek further opportunities to maximise the long term value of the Group by identifying appropriate investments that strengthen the Group. We will primarily target related or complementary businesses but will also evaluate other value enhancing opportunities where appropriate."
Miss Davenport confirmed that, as she said in her chairman's statement that formed part of the annual report and accounts, she was not seeking re-appointment and would resign immediately following the conclusion of the annual general meeting. Her role as chairman will be taken over by Jan Holmstrom, a director of the Company.
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Enquiries:
Malcolm Wilson Tel: 07801 224618
Leeds Group plc
Tony Rawlinson (Nominated Adviser) Tel: 020 7148 7900
Cairn Financial Advisers LLP