Last checked at 26 Jul 2016 11:45
Press Release | 26 July 2016 |
Vp plc
("Vp" or the "Group")
AGM Statement
Vp plc, the equipment rental specialist, announces that at the Group's Annual General Meeting held earlier today, all resolutions put to Shareholders by the Board were duly passed.
Speaking at the Annual General Meeting, Jeremy Pilkington, Chairman, commented:
"I am pleased to report that the Group has experienced a positive start to the financial year.
In the UK, the key markets are generally performing well, with construction and housebuilding in particular generating good demand.
The International business is enjoying new contributions from the TR Group, which we acquired in April 2016, though as anticipated, the global oil and gas market continues to be challenging.
The business performance year to date is encouraging and we have not seen any impact to trading post the recent Brexit decision.
We anticipate making further good progress this year."
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For further information:
Vp plc |
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Jeremy Pilkington, Chairman | Tel: +44 (0) 1423 533 400 | |
Neil Stothard, Chief Executive | www.vpplc.com | |
Allison Bainbridge, Group Finance Director |
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Media enquiries: |
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Buchanan |
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Henry Harrison-Topham / Jane Glover | Tel: +44 (0) 20 7466 5000 | |
Vp@buchanan.uk.com | www.buchanan.uk.com | |
Notes to Editors
Vp plc is a specialist rental business providing products and services to a diverse range of markets including infrastructure, construction, housebuilding and oil and gas, both in the UK and overseas.
The Group comprises a UK and an International division:
UK
Groundforce
Excavation support systems and specialist products for the water, civil engineering and construction industries primarily in the UK, but also in the Republic of Ireland and mainland Europe.
Hire Station
Tools and specialist products for industry, construction and home owners.
Torrent Trackside
Infrastructure equipment and services for the railway renewals and maintenance industry.
TPA
Portable roadway access solutions to the transmission, outdoor events, construction and utility sectors in the UK, the Republic of Ireland and mainland Europe.
UK Forks
Rough terrain material handling equipment for the housebuilding, general construction and industrial markets.
International
Airpac Bukom Oilfield Services
Equipment and service providers to the international oil and gas exploration and development markets.
TR Group
Specialist rental of test & measurement, communications and audio visual equipment to a breadth of markets including electrical, telecommunications, manufacturing, construction, defence, oil and gas, mining, and government in Australia, New Zealand and Malaysia.
Further information is available at www.vpplc.com/investors