AEA Technology Group PLC Interim Management Statement (1914K)

TIDMAAT

RNS Number : 1914K

AEA Technology Group PLC

17 August 2012

AEA TECHNOLOGY GROUP PLC ("AEA or "Group")

INTERIM MANAGEMENT STATEMENT

The Board of AEA Technology Group plc, today announces its Interim Management Statement for the period 1 April 2012 to date in accordance with the FSA's Disclosure and Transparency Directive ruling under DTR 4.3.

Trading in the period remains in line with the Board's expectations.

As we said in our recent annual results statement, trading conditions remain challenging. Nevertheless, good progress is being made in the implementation of the business plan.

On 6 August we announced that we had secured additional short term funding to allow the Board to continue to consider all strategic options to realise value. We continue to have ongoing discussions with a number of interested parties. The Board will provide further updates in due course.

As previously announced the Board does not envisage there will be offers for the share capital of the Company and the Board remains of the view that such options will result in little or no value for Shareholders.

For further information:

   AEA Technology Group plc                              0870 190 8137 

Dr Paul Golby, Chairman

John Lowry, Interim CEO

Kevin Higginson, CFO

IR Focus

   Neville Harris                                                     [e-mail] 

Important Information

Statements contained in this Interim Management Report are based on the knowledge and information available to the Company's directors at the date it was prepared and therefore the facts stated and views expressed may change after that date. By their nature, the statements concerning the risks and uncertainties facing the Company in this Interim Management Report involve uncertainty since future events and circumstances can cause results and developments to differ materially from those anticipated. To the extent that this Interim Management Report contains any statement dealing with any time after the date of its preparation such statement is merely predictive and speculative as it relates to events and circumstances which are yet to occur. The Company undertakes no obligation to update these forward looking statements.

This information is provided by RNS

The company news service from the London Stock Exchange

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