Wynnstay Regulatory News (WYN)

22 Mar 2005 07:00

Wynnstay Group PLC22 March 2005 WYNNSTAY GROUP PLC ("Wynnstay Group") AGM STATEMENT Wynnstay Group, the agricultural supplies and services business based in Wales,will be holding its Annual General Meeting today and Chairman, John Davies, willissue the following statement on current trading, "Trading in the first four months of the new financial year has been in linewith expectations and the Group continues to benefit from the broad spread ofits agricultural activities. The Feeds Division saw some reduction in demand for animal feeds as a result ofthe mild winter weather but the Arable Division benefited from the favourableplanting conditions for cereal seeds. Our Retail Division continues to make goodprogress, with strong demand in pet and equine products. It is also seeingencouraging results from its programme to upgrade those stores acquired with thepurchase of Eifionydd Farmers Association. Foxmoor Limited, the pot plantproducer, which now trades as a fourth division within the Group, has a fullorder book from major retailers and garden centres for both the spring andsummer periods. In joint ventures, Wyro Developments has sold the first two phases of itshousing development at Newtown, in Powys, and has started work on acompany-owned site in North Wales." Enquiries: Wynnstay Group plc Paul Roberts, Finance Director T: 01691 828512 Biddicks Katie Tzouliadis T: 020 7448 1000 This information is provided by RNS The company news service from the London Stock Exchange