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21 Jul 2015 07:00
21 July 2015
Scapa Group plc (AIM: SCPA)
AGM Statement
Scapa Group PLC ("Scapa"), a leading global supplier of bonding materials and solutions, is today issuing the following statement in respect of the quarter ended 30 June 2015 ahead of its Annual General Meeting to be held at 10:30am today.
The Group's trading performance for the first quarter is in line with the Board's expectations, with both Healthcare and Industrial performing as anticipated.
In April 2015, Scapa initiated a formal process of consultation with employees on the proposed closure of its manufacturing facility in Rorschach, Switzerland. The consultation process has concluded and the decision has been made to close this facility which is in line with the strategy to optimise return on capital employed. Further information will be provided following the interim period end.
Scapa is well positioned to make further progress this year and the Board remains confident about the Group's outlook.
For further information:
Scapa Group plc Heejae Chae - Chief Executive Tel: 0161 301 7430
Scapa Group plc Paul Edwards - Finance Director Tel: 0161 301 7430
Numis Securities Limited
(Nominated Adviser) Mark Lander/Richard Thomas Tel: 020 7260 1000
N+1 Singer Nick Owen Tel: 020 7496 3000
Weber Shandwick Financial PR Nick Oborne Tel: 020 7067 0000
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