Result of EGM
April 15 2004 - 5:44AM
UK Regulatory
Immediate release: 15 April 2004
Croma Group Plc
("Croma" or the "Group")
EGM & ACQUISITION APPROVAL
The Board of Croma are pleased to announce that, at the Extraordinary General
Meeting of the Group held today, shareholders approved the acquisition of R&D
Design Services Limited which has now completed.
John French, Chairman and Chief Executive of Croma Group Plc, said,
"The completion of our most important acquisition to date represents a
significant step forward for the Group in its development. R&D Design Services
is an established and profitable business and contributions to Croma's
performance resulting from its acquisition will be evident in the final
quarter.
At the same time our subsidiary, Croma Defence Systems Limited, continues to
grow rapidly whilst benefiting financially from its acquisition of Shawley on
19 March. Sales have accelerated dramatically and we are actively engaged in a
substantial marketing programme throughout the world where our products are
being purchased on a trial basis. This programme has lead to sales since 1
March 2004 of more than �400,000.
I am pleased to say that the recent activities of the Group, its acquisitions
and its increased sales performance, will serve to significantly enhance the
performance of the Group to the current year end in June and provide a strong
foundation for the new financial year. Croma will continue to seek further
opportunities for compatible acquisitions."
-Ends-
For further information, please contact,
John French
Chairman and Chief Executive, Tel. 07836 722482
Chris Roberts / Ben Simons
Hansard Communications, Tel. 020 7245 1100
END
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