Trifast Regulatory News (TRI)

Wednesday, 27 July 2016

Immediate Release

Trifast plc

(Trifast, TR or the Company)

Annual General Meeting (AGM)

At today's Annual General Meeting (12noon 27 July 2016), Executive Chairman, Malcolm Diamond MBE made the following statement on behalf of the Board to shareholders:

"In the financial year ended 31 March 2016 our business delivered another strong performance, and the sixth consecutive year of continuous growth.

"Since these results were announced in June, Group current trading across all regions has remained in line with expectations and the management teams of Trifast plc and its UK and international business subsidiaries confirm that we remain firmly on track with our organic growth performance and capital investment objectives for the current year, and whilst maintaining a high level of awareness, our morale and optimism continues to be undiminished by the ongoing negative macro-economic media preoccupation.

"Clearly, foreign exchange variations, especially given the current volatile conditions, present a constant operational challenge, but our managers within our 17 country global network are focused on flexing the supply chain to mitigate negatives and enhance the positives according to the product transactional sources and destinations by matching currencies on purchases and sales wherever possible.

"In summary, the Trifast Group will continue building on its strong performance last year delivered through our geographical spread, balanced sector mix and our clear strategies for growth.

"We look forward to providing a further update on our progress in early October ahead of our Interim results due to be announced in November"

Result of AGM

All resolutions put to members were duly passed on a show of hands.

The resolution proxy votes will be provided on the Group's website, www.trifast.com and details can also be made available on request to the Company Secretary. The issued share capital at the date of the Meeting was 118,822,616.

In accordance with Listing Rule 9.6.2R, a copy of the resolutions passed as Special Business at the AGM have been submitted to the National Storage Mechanism and will also be available for inspection at www.morningstar.co.uk/uk/nsm. 

Dividend

Following shareholder approval at the AGM, the final dividend for the 2016 financial year of 2.00p per ordinary share will be paid on 14 October 2016 to shareholders on the Register as at the close of business on 16 September 2016. The total dividend for the year ended 31 March 2016 is 2.80p, an increase of 33.3% on the prior year (2015: 2.10p).