LWB.L Regulatory News (LWB)

9 Apr 2008 07:01

Low & Bonar PLC09 April 2008 9 April 2008 Low & Bonar PLC ("Low & Bonar" or "the Group") AGM and Interim Management Statement At today's Annual General Meeting of Low & Bonar PLC, the internationaltechnical textiles and contract flooring manufacturer, Duncan Clegg, Chairman,will announce the following statement to shareholders. This constitutes theGroup's first Interim Management Statement, covering the period from 1 December2007 to 9 April 2008, as required by the UK Listing Authority's Disclosure and Transparency Rules. "At the time of our full year results published on 18 February 2008 we commentedthat the start of our new financial year had been in line with our expectations,and this has continued to be the case. Our recent acquisitions, MTX and Westbond, both joined the Group in earlyJanuary. Our integration plans are on track and both businesses are trading asexpected. The breadth of our product range and our geographic spread give us confidence incontinued progress in both Divisions in the current financial year and beyond." Low & Bonar plc +44 (0) 20 7535 3180Paul Forman, Chief ExecutiveKevin Higginson, Finance Director Hogarth Partnership Limited +44 (0) 20 7357 9477Rachel Hirst/Andrew Jaques/Ian Payne This Interim Management Statement contains certain forward-looking statementswhich have been made by the Directors in good faith using information availableup until the date they approved the Statement. Forward-looking statements shouldbe regarded with caution because of the inherent uncertainties in economictrends and business risks. NOTE TO EDITORS: Low and Bonar is a world leading technical textiles and contract flooringmanufacturer, operating from over 20 sites in 9 countries. The Group is quotedon the London Stock Exchange and is committed to delivering shareholder valuethrough a strategy of organic and acquisitive growth. Recent acquisitionsinclude the acquisitions of Mehler Texnologies (MTX), the German-basedmanufacturer of technically coated fabrics, and Westbond, the specialist UKproducer of fusion-bonded carpet tiles. Low & Bonar comprises two divisions: Technical Textiles and Contract Flooring .The key characteristics of its businesses are that they manufacture added-valueproducts based on advanced technology and address markets with strong growthpotential. Many of Low & Bonar's products are leaders in their niche markets. This information is provided by RNS The company news service from the London Stock Exchange