Result of AGM

13 Jun 2006 12:23

SMC Group Plc13 June 2006 SMC Group Plc ('SMC' or 'the Group') Result of AGM SMC Group Plc announces that all resolutions put to today's Annual GeneralMeeting were duly passed. -ends- For further information contact: SMC Group PlcStewart McColl 020 7495 5335 Bell PottingerDavid Rydell/Chris Hamilton 020 7861 3232 Noble & CompanyMatthew Hall/Rory Boyd 020 7763 2200 Notes to Editors SMC Group Plc is the holding company for a group of architects and designers. It was admitted to trading on AIM on the 10th of June 2005 and has established expertise in a broad range of sectors including residential, retail, industrial, workplace, transportation, leisure and education. On 30th May 2006 the Group announced the acquisition of Charter Consultant Architects. Recent additions have enabled SMC to expand its national coverage throughout England with offices in London, Warwick, Manchester, Leeds, Birmingham, Liverpool, Lancaster, Exeter, Plymouth, Cambridge, Bedford, Bournemouth and Ipswich. On 23rd March 2006, the Group acquired the business and assets of Alsop, the RIBA Stirling Prize winning design team, a team with a particularly high creative profile and with offices in London, Toronto, Singapore, Shanghai and Beijing. SMC's core strategy is to create an architectural group with the scale and expertise to access the most profitable schemes across a range of sectors and locations. The Group intends to focus on organic growth, increasing its share of the UK market and securing larger, higher margin projects, and plans to complement this with earnings-enhancing acquisitions in order to consolidate its geographic and sector coverage. On 27th April 2006 the Group announced its preliminary results for the year ended 31 December 2005. It reported that turnover had grown by 159% to £13.5m, profit before tax had grown by 280% to £2.9m and profit after tax had grown by 263% to £1.9m, all compared to the same period in 2004. This information is provided by RNS The company news service from the London Stock Exchange