Stadium Group PLC AGM Statement (1222E)

TIDMSDM

RNS Number : 1222E

Stadium Group PLC

04 May 2017

Stadium Group plc

("Stadium" or the "Company")

AGM Statement

Stadium (AIM: SDM), a leading supplier of connectivity solutions, power supplies, human machine interface products and electronic assemblies, will hold its Annual General Meeting today at 11.00am at the offices of N+1 Singer Advisory LLP, 1 Bartholomew Lane, London EC2N 2AX.

At the meeting, Stadium's Chairman, Nick Brayshaw, will provide shareholders with the following update:

Last week we provided our shareholders with the opportunity to meet key members of the senior management team across our Technology Products divisions and to learn more about the successful execution of our Regional Design Centre strategy and the opportunities presented by the growing Single Board Computing market. The event was very well attended and provided investors with a greater insight into our strategy for the business and an opportunity to experience the team's enthusiasm for our Technology Products offering.

As we stated in our trading update ahead of the Technology Day, the first quarter of the year has traded in-line with management expectations, and during this period our forward order book continued to grow and now exceeds GBP28m, up from GBP25.8m at the year end.

The Board remains confident that our offering of complementary electronic technologies and specialist design-focused engineering expertise continues to be attractive to customers and that the growing demand already seen in the first quarter is expected to continue, further underpinning 2017 expectations.

We are pleased to have also announced today that Winston North will take up the position of Group Finance Director and Company Secretary on 15 May. Winston has an excellent set of relevant skills and extensive experience gained during his time as Divisional Finance Director within IMI plc and we look forward to his contribution to the business. The board would also like to thank Andrew Tonks for his work as Interim Finance Director over the last few months and for his support in ensuring an orderly handover to Winston.

For further information, please contact:

 
Stadium Group plc                            www.stadiuminvestors.com 
Charlie Peppiatt, Chief                            Tel: [phone] 
 Executive Officer 
 
Walbrook PR              Tel: [phone] or [e-mail] 
Paul McManus                                       Mob: [phone] 
Helen Cresswell                                    Mob: [phone] 
 
N+1 Singer                                         Tel: [phone] 
Richard Lindley 
Nick Owen 
 

About Stadium Group plc (www.stadiumgroupplc.com)

Stadium Group plc is a leading supplier of connectivity solutions, power supplies, human machine interface products and electronic assemblies with design and manufacturing operations in Europe and Asia. The Company consists of two divisions:

   1.    Technology Products (60% of 2016 revenues) 

-- Connectivity solutions - design, integration and manufacture of "machine-to-machine" ("M2M") and "Internet of Things" ("IoT") wireless solutions

-- Power Supplies (including Stontronics) - custom and standard power product solutions from 1W to 10kW

   --     Human Machine Interface - intelligent "HMI" integrated solutions 
   2.    Electronic Assembly (40% of 2016 revenues) - previously Electronic Manufacturing Services 
   --     Electronic manufacturing services to global original equipment manufacturers 

This information is provided by RNS

The company news service from the London Stock Exchange

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May 04, 2017 02:00 ET (06:00 GMT)