RHL.L Regulatory News (RHL)

21 Feb 2008 07:05

Redhall Group PLC21 February 2008 For Immediate Release 21 February 2008 Redhall Group plc ("Redhall" or the "Group") AGM STATEMENT Redhall Group plc, the specialist engineering support services group is todayholding its annual general meeting. David Jackson, Chairman will updateshareholders on trading as follows. "I am pleased to report to shareholders that the Group has commenced the yearwell with current trading in line with management expectations and with the twobusinesses acquired last year, Jex Engineering Company and Steels EngineeringServices, both performing strongly. The Group continues to make advances in the nuclear sector. In line with ourobjective to work at Tier 2 level, I am pleased to announce that we havepre-qualified for two projects totalling approximately £200 million within thereprocessing and operations programme at Sellafield. We are progressingdiscussions with potential key strategic partners in order to increase the scopeand growth of our nuclear business. These discussions should strengthenRedhall's presence within the broader European nuclear services market. We have received substantial enquiries to assist with the containment of wasteacross a range of sectors but particularly in the nuclear and waste to energysectors. Jex is the preferred bidder for a contract in the region of £10 million for thedesign, fabrication and installation of a new carbon fibre production unit forBluestar Fibres, the Chinese owned chemical manufacturer. The plant is situatedon the Humber Bank and confirms our strategy of broadening the base of the Jexbusiness within the extensive chemicals industry in that area. I am pleased to announce that with effect from 22 February 2008, Tony Price,Managing Director of Nuclear Services, is joining the Redhall Group plc Board." For more information, please contact: Redhall Group plc Tel: +44 (0)1924 385 386David Jackson, Chairman & Chief ExecutiveSimon Foster, Deputy Chief Executive Altium Tel: +44 (0)161 831 9133Phil Adams/Paul Lines Buchanan Communications Tel : +44 (0)20 7466 5000Tim Anderson / Isabel Podda / James Strong This information is provided by RNS The company news service from the London Stock Exchange