Wensum Company PLC - Chairman's AGM Statement, etc
June 18 1998 - 11:31AM
UK Regulatory
RNS No 1258k
WENSUM COMPANY PLC
18th June 1998
SHARE BUY-BACK
On 19th May 1998 the Board published a circular to
shareholders which provided details of a resolution to be
proposed at today's Annual General Meeting. The proposed
resolution gave the Company general authority to make
market purchases of ordinary shares and to approve the
waiver from the Panel on Takeovers and Mergers of any
Rule 9 obligation which may otherwise arise on the
Directors of the Company as a result of such purchases.
The Company announces that this resolution, and all other
resolutions proposed at the Annual General Meeting held
today, were approved by shareholders.
TRADING STATEMENT
During the meeting the Chairman Andrew Hughes issued the
following trading statement:-
"Wensum is trading strongly. We have had a good first
quarter ahead of expectations and well ahead of last
year. Wensum Corporate has already had a successful
launch for a new customer and continues to develop its
support services capability. Our high-quality clothing
business is also in excellent shape, and we have a strong
Group order book. Our prospects for the year look good.
The Board believes that the current share price does not
reflect the Group's ungeared position nor its high
quality of earnings".
END
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