Gear4music (Holdings) PLC AGM Statement and Trading Update (6099K)
August 30 2019 - 2:01AM
UK Regulatory
TIDMG4M
RNS Number : 6099K
Gear4music (Holdings) PLC
30 August 2019
30 August 2019
Gear4music (Holdings) plc
AGM Statement and Trading Update
Gear4music (Holdings) plc, ("Gear4music" or "the Group") (LSE:
G4M), the largest UK based online retailer of musical instruments
and music equipment, will hold its Annual General Meeting at 3.00pm
today.
At the meeting Gear4music's Chief Executive Officer, Andrew
Wass, will make the following statement:
"The specific actions that we have undertaken to improve gross
margins and ensure that the Group is operationally robust ahead of
our peak trading period continue to yield positive results. As
such, we remain confident that the Group is well-positioned to grow
revenue and improve profitability.
"Consequently, I am pleased to report that the Group has
continued to trade in line with the Board's expectations for the
full year."
The Group will announce a trading update in relation to the six
month period ending 30 September 2019 on 22 October 2019, followed
by the half year results for this period on 12 November 2019.
For further information contact:
Gear4music
Andrew Wass, Chief Executive Officer
Chris Scott, Chief Financial Officer +44 (0)20 3865 9668
N+1 Singer - Nominated Adviser and Broker
Peter Steel/Justin McKeegan, Corporate
Finance
Tom Salvesen, Corporate Broking +44 (0)20 7496 3000
Alma - Financial PR +44 (0)20 3405 0205
Rebecca Sanders-Hewett gear4music@almapr.co.uk
Helena Bogle
About Gear4music.com
Operating from a Head Office in York, and Distribution Centres
and showrooms in York, Sweden and Germany, the Group sells
own-brand musical instruments and music equipment alongside premium
third-party brands including Fender, Yamaha and Roland, to
customers ranging from beginners to musical enthusiasts and
professionals, in the UK, Europe and, more recently, into the Rest
of the World.
Having developed its own e-commerce platform, with multilingual,
multicurrency websites delivering to over 190 countries, the Group
has rapidly expanded its database and continues to build its
overseas presence.
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END
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