Trifast Regulatory News (TRI)

19 Apr 2007 07:01

Trifast PLC19 April 2007 Trifast plc Year End Trading Update Appointment of New Chief Executive 19 April 2007 Trifast plc ('Trifast' or the Group') is pleased to announce an update ontrading for the financial year ended 31 March 2007. Trading has remained solid with further profit growth driven by the Group'sstrengthened international presence and the successful integration of SercoRyan. The Group's performance for the year ended 31 March 2007 has been in line withexpectations. The Group expects to announce its preliminary results on Tuesday19 June 2007. Board Change After five years as Chief Executive of Trifast, Jim Barker will stand down atthe end of May 2007 and will be succeeded by Steve Auld, who was appointed anExecutive Director of the Group on 13 October 2005, following the acquisition ofSerco Ryan. Anthony Allen, Chairman of Trifast, said: "I would like to take this opportunity to extend my thanks to Jim for his workas Chief Executive of Trifast. Since April 2002 he has overseen the Group'sacquisition of Serco Ryan, and the transformation of the Group into a majorplayer in the industrial fastener market. "I would also like to welcome Steve to his new role as Chief Executive ofTrifast. After 24 years in the fastening industry Steve brings a wealth ofexperience and knowledge to his new role." - ENDS - Notes to Editors Enquiries: Trifast PlcJim Barker, Chief ExecutiveSteve Auld, Chief Executive DesignateStuart Lawson, Finance DirectorTel: 01825 747 366Smithfield ConsultantsJohn Antcliffe / Will SwanTel: 020 7360 4900 Notes to Editors Trifast Trifast plc is an international manufacturer and distributor of industrialfastenings to the assembly industries, with operations in Europe, the Americasand Asia. The Group's products include micro screws, customer specific items andhigh tolerance fastenings. Established in the South of England in 1973, the Group has grown by acquisitionsover the years and floated on the London Stock Exchange in 1994. The acquisition of Serco Ryan, the third largest UK competitor, in 2005 hastransformed the Group into a major player in the industrial fastener market withambitions to become Europe's leading brand. Trifast has a market capitalisation of £70m. For more information please visit www.trifast.com Steve Auld Steve has spent 24 years in the fastenings industry and has a wealth ofcommercial experience. Steve joined the Serco Ryan Board in March 1990 as Sales and Marketing Directorand in July 2004, was appointed Managing Director to oversee the reorganisationof the Company. Steve was appointed Executive Director of Trifast on 13 October2005, following the acquisition of Serco Ryan. Steve is also Chairman of the British Association of Fastener Distributors(BAFD) and Vice-President of the European Fastener Distributor Association(EFDA). This information is provided by RNS The company news service from the London Stock Exchange