Trifast PLC Result of AGM, Dividend and Statement (4069F)
July 27 2016 - 7:44AM
UK Regulatory
TIDMTRI
RNS Number : 4069F
Trifast PLC
27 July 2016
Wednesday, 27 July 2016
Immediate Release
Trifast plc
(Trifast, TR or the Company)
Annual General Meeting (AGM)
At today's Annual General Meeting (12noon 27 July 2016),
Executive Chairman, Malcolm Diamond MBE made the following
statement on behalf of the Board to shareholders:
"In the financial year ended 31 March 2016 our business
delivered another strong performance, and the sixth consecutive
year of continuous growth.
"Since these results were announced in June, Group current
trading across all regions has remained in line with expectations
and the management teams of Trifast plc and its UK and
international business subsidiaries confirm that we remain firmly
on track with our organic growth performance and capital investment
objectives for the current year, and whilst maintaining a high
level of awareness, our morale and optimism continues to be
undiminished by the ongoing negative macro-economic media
preoccupation.
"Clearly, foreign exchange variations, especially given the
current volatile conditions, present a constant operational
challenge, but our managers within our 17 country global network
are focused on flexing the supply chain to mitigate negatives and
enhance the positives according to the product transactional
sources and destinations by matching currencies on purchases and
sales wherever possible.
"In summary, the Trifast Group will continue building on its
strong performance last year delivered through our geographical
spread, balanced sector mix and our clear strategies for
growth.
"We look forward to providing a further update on our progress
in early October ahead of our Interim results due to be announced
in November"
Result of AGM
All resolutions put to members were duly passed on a show of
hands.
The resolution proxy votes will be provided on the Group's
website, www.trifast.com and details can also be made available on
request to the Company Secretary. The issued share capital at the
date of the Meeting was 118,822,616.
In accordance with Listing Rule 9.6.2R, a copy of the
resolutions passed as Special Business at the AGM have been
submitted to the National Storage Mechanism and will also be
available for inspection at www.morningstar.co.uk/uk/nsm.
Dividend
Following shareholder approval at the AGM, the final dividend
for the 2016 financial year of 2.00p per ordinary share will be
paid on 14 October 2016 to shareholders on the Register as at the
close of business on 16 September 2016. The total dividend for the
year ended 31 March 2016 is 2.80p, an increase of 33.3% on the
prior year (2015: 2.10p).
ENQUIRIES:
Trifast plc
Lyndsey Case
Company Secretary LSE Listing: Ticker: TRI
Tel: +44 (0) 1825 769696 FTSE index sector: FTSE Small
www.trifast.com Cap
Group website: www.trifast.com and FTSE All-share indices
Email: corporate enquiries@trifast.com
The information contained within this announcement is deemed
by the Company to constitute inside information stipulated under
the Market Abuse Regulation (EU) No. 596/2014. Upon the publication
of this announcement via the Regulatory Information Service,
this inside information is now considered to be in the public
domain.
This information is provided by RNS
The company news service from the London Stock Exchange
END
AGMPGUGCMUPQGGM
(END) Dow Jones Newswires
July 27, 2016 07:44 ET (11:44 GMT)