Savile Group PLC Result of AGM and Trading Update (7457P)

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RNS Number : 7457P

Savile Group PLC

29 October 2012

Savile Group plc ("Savile" or the "Company")

Result of AGM and Trading Update

The Board of the Company announce that at the Annual General Meeting of the

Company held today all resolutions were duly passed and the Board made the following trading update:

We have experienced a slow first quarter as broadly experienced by our competitors. Activity levels have since increased, but we remain cautious as the markets in which we operate remain challenging.

Our focus remains ensuring the business is in the right shape to deal with the uncertainties in the market and to be able to develop opportunities for growth.

Despite the passing of resolutions 4 and 6, the Directors of the Company have agreed that it is not their intention to issue more than five million new shares in respect of transactions or fund raisings representing approximately 30% of the issued share capital. In the event that the Company wishes to issue a greater number, then Savile would seek further shareholder approval.

 
 Enquiries 
 
 Savile Group plc                    020 7204 6990 
 Jonathan Cohen, Senior Executive 
  Director 
 Mark Sidlin, CFO 
 
 Cairn Financial Advisers LLP        020 7148 7900 
 Tony Rawlinson 
 Avi Robinson

This information is provided by RNS

The company news service from the London Stock Exchange

END

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