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AGM Update on Trading

20 Sep 2017 07:00

RNS Number : 2217R
600 Group PLC
20 September 2017
 

 

600 Group Plc

(the "Company")

 

AGM update on trading

 

Ahead of the AGM today the 600 Group Plc, the AIM listed distributor, designer and manufacturer of machine tools and industrial laser systems is pleased to announce a trading update:

 

Trading in the current financial year continues to be in line with the Boards expectations. Order and quote activity remain good and current order books in machine tools are up 60% and industrial lasers 36% on the same time last year. Whilst our markets always remain subject to world economic and political influences these levels of order books gives us confidence in our trading going into the second half of the financial year.

 

Additionally we are pleased to report that the Group pension scheme continues to perform strongly and remains over 100% funded on a Technical Provisions valuation basis and various options for the scheme are being considered.

 

The Company is in the process of undertaking a direct subscription for approximately 8,615,384 new ordinary shares of 1p at a subscription price of 13 pence per ordinary share. The direct subscription will raise approximately £1.12 million before expenses. The Company expects to make a further announcement later today of the completion of this direct subscription.

 

 

More information on the group can be viewed at: www.600group.com

 

Enquiries:

The 600 Group PLC

Tel: 01924 415000

Paul Dupee, Executive Chairman

Neil Carrick, Finance Director

Spark Advisory Partners Limited (NOMAD)

Tel: 020 3368 3553

Matt Davis/ Miriam Greenwood

Cadogan PR Limited (Financial PR)

Tel: 020 7499 5002 / 07771 713608

Alex Walters

FinnCap (Broker)

Tel: 020 7600 1658

Tony Quirke/Mia Gardiner (Sales/Broking)

 

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCLLFETALIALID
Date   Source Headline
20th Sep 20177:00 amRNSAGM Update on Trading
31st Aug 20173:04 pmRNSTR-1 Holding(s) in Company 2017
31st Aug 20171:40 pmRNSDisposal of ProPhotonix shareholding
4th Jul 20177:00 amRNSFinal Results
29th Jun 20178:50 amRNSNotice of Results
16th Mar 20178:15 amRNSTermination of Conditional Agreement
15th Feb 20171:31 pmRNSTR-1: Notification of major interest in shares
27th Jan 20172:45 pmRNSSignificant shareholder's conditional agreement
6th Dec 20167:00 amRNSHalf-year Report
17th Oct 20167:00 amRNSAcquisition of Kondia Machine Tool Business
29th Sep 201612:17 pmRNSAGM Statement and Update on Trading
1st Sep 20167:00 amRNSFinal Results
16th Aug 20165:00 pmRNSNotice of Results
11th Jul 20167:00 amRNSSale of Letchworth property completed
4th Jul 20167:00 amRNSSale of Property and impact of Brexit
31st Mar 20161:48 pmRNSDirector Share Dealing
30th Mar 20167:00 amRNSAcquisition of remaining interest in TYKMA Inc.
17th Feb 20167:00 amRNSTrading Update
9th Dec 20157:00 amRNSNotification of Share Purchases
4th Dec 20154:05 pmRNSNotification of Share Purchase
2nd Dec 20157:00 amRNSHalf Yearly Report
25th Sep 20159:32 amRNSIssue of 3rd tranche of loan notes
17th Sep 201511:25 amRNSResult of AGM and update on trading
28th Aug 20151:04 pmRNSIssue of 3rd tranche of loan notes
25th Aug 20152:45 pmRNSNotice of AGM Correction
25th Aug 20152:20 pmRNSNotice of AGM
12th Aug 20157:00 amRNSAppointment of Divisional Managing Directors
10th Aug 20158:53 amRNSGranting of options
10th Jul 20151:30 pmRNSIssue of Equity from exercise of Share Options
1st Jul 20157:00 amRNSFinal Results
13th May 20157:00 amRNSAppointment of Non Executive Director
30th Apr 20157:00 amRNSDirectorate Change and Update on Trading
24th Mar 20153:45 pmRNSListing of loan notes
18th Mar 201511:50 amRNSResult of General Meeting
18th Mar 20157:00 amRNSIssue of 2nd tranche of loan notes
17th Feb 20157:00 amRNSDirectors Dealing
16th Feb 20157:00 amRNSAcquisition of TYKMA Inc and issue of loan notes
26th Nov 20147:00 amRNSHalf Yearly Report
17th Nov 20147:00 amRNSNotice of Results
22nd Oct 20147:00 amRNSChange of Adviser
14th Oct 20147:00 amRNSInvestor Facility Visit
17th Sep 20143:10 pmRNSResult of AGM
17th Sep 20147:00 amRNSAGM Statement and Update on Trading
4th Aug 20147:00 amRNSAcquisition of ProPhotonix Shares & Equity Issue
26th Jun 20149:51 amRNSDirector/PDMR Shareholding
26th Jun 20147:00 amRNSFinal Results
12th Jun 20147:00 amRNSNotice of Results
30th May 20147:00 amRNSHolding(s) in Company
8th Apr 201412:44 pmRNSGrant of Options
7th Apr 20145:13 pmRNSDirector/PDMR Shareholding

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