API Group PLC AGM Statement (2908M)

TIDMAPI

RNS Number : 2908M

API Group PLC

15 July 2014

 
 Press Release   15 July 2014

API Group plc

("API" or the "Group")

AGM Statement

API Group plc (AIM:API), the leading manufacturer of specialist foils and packaging materials, is holding its Annual General Meeting today at 2.00 p.m. at the offices of Eversheds LLP, One Wood Street, London EC2V 7WS.

At the Annual General Meeting, Richard Wright, Chairman of API Group plc, will provide the following trading update:

"The Board's expectations for the current financial year remain consistent with what was indicated when full year results were announced on June 4(th) 2014.

Laminates and Foils Europe are trading well and Holographics is on track to at least hold the breakeven performance established in the final quarter of last year. Foils Americas has continued to experience reduced demand from the metallic pigment sector, exacerbated by destocking of the supply chain. Volumes are expected to start to recover in the second half and action has already been taken to re-align operating costs.

Overall, the Board continues to expect progression in results compared to last financial year.

- Ends -

For further information:

 
 API Group plc 
 Andrew Turner, Group Chief Executive         Tel: +44 (0) 1625 
                                                        650 334 
 Chris Smith, Group Finance Director           www.apigroup.com 
 Cairn Financial Advisers LLP (Nominated 
  Adviser) 
 Tony Rawlinson / Avi Robinson             Tel: +44 (0) 20 7148 
                                                           7900 
                                               www.cairnfin.com 
 Numis Securities (Broker) 
 James Serjeant                            Tel: +44 (0) 20 7260 
                                                           1000 
                                                  www.numis.com

Media enquiries:

 
 Abchurch 
 Henry Harrison-Topham / Quincy Allan     Tel: +44 (0) 20 7398 
                                                          7710 
 quincy.allan@abchurch-group.com        www.abchurch-group.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

AGMBIGDRIUBBGSS

Abrdn Property Income (LSE:API)
Historical Stock Chart
From Jun 2024 to Jul 2024