Premier Technical Services (LSE:PTSG)
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RNS Number : 3822C

Premier Technical Services Grp PLC

17 June 2019

17 June 2019

Premier Technical Services Group PLC

("PTSG" or the "Group")

AGM Statement

At today's Annual General Meeting of Premier Technical Services Group PLC, the niche specialist services provider, John Foley, Chairman, will provide the following update to shareholders:

"I am pleased to report that the Group has seen continued sales growth and strong levels of orders in the year to date. In addition, working capital utilisation, margin and profit levels are in line with the Board's expectations. The recent acquisitions of Guardian and Trinity are performing ahead of management expectations. This underscores our confidence in achieving a successful full year result in 2019.

Sales remain robust as contract renewal rates remain high and a number of significant three to five year contracts and framework agreements have been signed across all disciplines with new and existing customers since the beginning of the financial year. Notable recent sales wins include a multi-service contract for BT, a fixed wire testing contract for Toyota's manufacturing plant in Derbyshire, fire solutions contract for the Department of Work and Pensions, and replacement fall arrest equipment for B&Q.

The Board is currently involved in a review of the Group's internal and corporate governance structures. This review follows the substantial growth in the size and scale of the Group's activities since IPO in 2015. The Board will update shareholders on progress in due course."

For further information, please contact:

 
PTSG                                                 +44 (0)1977 668 771 
Paul Teasdale, Chief Executive Officer 
Numis Securities                                     +44 (0) 207 260 1000 
Stuart Skinner / Kevin Cruickshank / Michael Burke 
Hudson Sandler                                       +44 (0)207 796 4133 
Charlie Jack / Hattie Dreyfus 
 

About PTSG - www.ptsg.co.uk

Premier Technical Services Group PLC is the UK's leading provider of façade access and fall arrest equipment services, lightning protection and electrical testing, steeplejack and rope access services and fire solutions.

Operating through four divisions, Access & Safety, Electrical Services, Building Access Specialists and Fire Solutions, the Group provides highly-engineered industrial products and quality services and has a substantial presence in a number of niche markets.

PTSG provides a central information service for its businesses and champions the dissemination of key information and best practice. PTSG unites its constituent businesses under one clear identity, which supports smarter working and delivers top class service to its customers.

Headquartered in Castleford, West Yorkshire, the Group employs more than 1,200 people across 31 UK sites, who service more than 180,000 buildings across the whole of the UK for over 20,000 customers in a wide range of industries. The Company is listed on the LSE AIM (PTSG.L)

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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(END) Dow Jones Newswires

June 17, 2019 02:00 ET (06:00 GMT)