AGM Statement
May 24 2010 - 2:00AM
UK Regulatory
TIDMMRN
RNS Number : 3825M
Morson Group PLC
24 May 2010
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| For immediate release | 24 May 2010 |
+----------------------------------+----------------------------------+
Morson Group PLC
("Morson" or the "Group")
Statement of Annual General Meeting
Morson (AIM: MRN.L), the UK's leading provider of technical engineering
personnel and project design solutions, supplying over 9,000 highly skilled
white collar personnel to the aerospace and defence, nuclear and power, rail and
other technical industries today issues the following statement ahead of the
Group's Annual General Meeting to be held at 9.30am this morning. At the
meeting Gerry Mason, Chairman will make the following statement on current
trading:
"In the period since we announced our Preliminary Results on 23 March 2010 our
trading environment has remained challenging. However, the Board is confident
about Morson's prospects and trading remains in line with directors'
expectations. Our business model is strong and we have excellent visibility of
earnings, driven by the requirements of major key UK infrastructure expenditure
including nuclear new build and decommissioning activity, maintenance programmes
and wider International opportunities. We retain a strong order book, coupled
with a robust balance sheet.
We continue to evaluate and seek growth opportunities and will make selective
investments where they will add value for shareholders. The current economic
climate continues to be difficult and any upturn is still hard to predict,
however we believe that we are well placed to benefit from any future
improvement."
ENDS
For further information, please contact:
+------------------------------+------------------------------+
| Morson Group PLC | |
| | |
+------------------------------+------------------------------+
| Ged Mason, Chief Executive | +44(0)161 707 1516 |
| | |
+------------------------------+------------------------------+
| Paul Gilmour, Finance | |
| Director | |
+------------------------------+------------------------------+
| Kevin Gorton, Managing | |
| Director | |
| | |
+------------------------------+------------------------------+
| Brewin Dolphin (NOMAD) | |
| | |
+------------------------------+------------------------------+
| Matt Davis | +44(0)845 213 4730 |
+------------------------------+------------------------------+
| | |
+------------------------------+------------------------------+
| Buchanan Communications | |
| | |
+------------------------------+------------------------------+
| Diane Stewart | +44(0)20 7466 5000 |
+------------------------------+------------------------------+
| James Strong | |
+------------------------------+------------------------------+
| Carrie Clement | |
+------------------------------+------------------------------+
Notes to editors.
Established in 1969 Morson is the largest and one of the longest established
technical staffing companies in the UK. The Group currently provides personnel
on long term assignments for some well known major infrastructure/defence
projects. These include the construction of the Olympic Games Development, CVF
aircraft carrier, rail maintenance and upgrades for Network Rail, Transport for
London and also nuclear design, decommissioning, maintenance and asset
improvement.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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