AGM Statement

26 Jun 2009 12:10



Friday 26 June 2009 

CRAWSHAW GROUP PLC - AGM STATEMENT 

At this afternoon's AGM of Crawshaw Group PLC, the meat focussed retailer, the Chairman, Richard Rose, made the following remarks with regard to current trading. 

In my Chairman's statement of the 12th May, 2009, I detailed the effects that high input prices and the promotional activities at our new stores were having on retail gross margins. Whilst the promotional activity has ceased, margin continues to be adversely affected by high input prices across most product categories. In line with my statement in May, the Board continues to keep the situation under review. 

We opened our 20th store on 11th June and I am pleased to report that it is trading in line with expectation.

All resolutions were duly passed today.

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