22 Jul 2009 11:21
| Press Release | 22 July 2009 |
Mountfield Group plc
("Mountfield" or the "Company")
Result of AGM
Mountfield Group plc (AIM:MOGP), a provider of integrated specialist construction support services, confirms that all the resolutions put to shareholders at the Company's Annual General Meeting held today were duly passed.
- Ends -
For further information:
| Mountfield Group plc | |
| Peter Jay, Executive Chairman | Tel: +44 (0) 20 7398 7718 |
| Graham Read, Chief Executive Officer | www.mountfieldgroupplc.com |
| Daniel Stewart & Company Plc | |
| Paul Shackleton / Oliver Rigby | Tel: +44 (0) 20 7776 6550 |
| oliverr@danielstewart.co.uk | www.danielstewart.co.uk |
Media enquiries:
| Abchurch | |
| Charlie Jack / Stephanie Cuthbert | Tel: +44 (0) 20 7398 7718 |
| stephanie.cuthbert@abchurch-group.com | www.abchurch-group.com |
Notes to editors
Mountfield Group is a provider of specialist construction and property services. The Group's principal activity is the internal construction and fit out of data centres for in a broad range of industry sectors including telecoms, IT banking and retail. Mountfield Group listed on the AIM market of the London Stock Exchange in October 2008. The Group consists of three integrated businesses and intends to acquire additional businesses that will add further complimentary services and cross-selling opportunities.
Mountfield Building Group
Established in 1987, the company has two divisions; direct contracting and trade contracting services. The direct contracting division works as the main contractor with the end user clients. This division specialises in the nationwide installation of data centres for large companies. The trade contract division delivers specialist building work and multi trade packages and refurbishment for main development contractors. Clients include Cable and Wireless, Colt Communications, ISG PLC and Skanska.
Connaught Access Flooring ("Connaught")
Formed in 1992, Connaught is a provider of flooring systems to both main contractors and corporate end users. The Company has established itself as one of the few recognised specialists for fitting commercial office space for corporate end users. It has delivered fit out and refurbishment projects for end users such as BP plc, Standard Chartered Bank, and Unilever plc.
Mountfield Land
Mountfield Land sources and enhances the value of land before selling its interest to developers. The company develops brownfield sites and residential gardens and/or private dwellings to create residential development opportunities. It does not purchase the sites, instead it seeks an option over the site and a share of the completed value of the land before it assigns the options to a developer, housing association or registered land owner.
For the year ended 31 December 2008, Mountfield Building Group generated revenues of £16.2 million and a profit before tax ("PBT"). For the year ended 31 March 2008, Connaught Access Flooring Holdings Limited generated revenues of £5.85 million with PBT of £1.04 million. Mountfield Land Limited was incorporated in February 2008 and is yet to contribute to the Group.
Further information can be found at www.mountfieldgroupplc.com