AGM Statement

 

TIDMHHC 
 
RNS Number : 8497B 
Hexagon Human Capital PLC 
03 November 2009 
 

3 November 2009 
Hexagon Human Capital plc 
AGM Trading Update 
At the Company's Annual General Meeting to be held today at 10.30am, Rob Walker, 
Executive Chairman of Hexagon Human Capital plc, a leading provider of senior 
interim managers and a leading executive search company, will say: 
The overall performance of the Group in the first half of 2009 is in line with 
the Board's expectations; however it is too early to assess whether this trend 
will continue throughout the second half of the financial year. The Board 
continues to implement its cost reduction initiatives but the benefit of the 
savings will not be felt until the final quarter of the current financial year, 
and it will not be until the year ending 31 March 2011 that the full benefit is 
felt. 
The search businesses have seen an increase in the number of retained 
assignments but it is too early to predict whether this will continue throughout 
the second half of the year. 
Euromedica has been ranked by Executive Grapevine "No. 1 Executive Search Firm 
in Healthcare and Life Sciences", for the third successive year. 
The interim businesses have also seen increased activity towards the end of the 
second quarter, as companies continue to hire experienced, "seasoned" 
professionals to help guide them through the current recession. 
The Board remains in discussion with the Group's bankers in order to finalise 
new facilities appropriate for current and expected trading. A detailed 
reforecast of the Group's cash requirements is being undertaken by Ed Watkinson, 
Interim Head of Finance. 
Hexagon's strategy is to capitalise on the strength of the Group's brands. The 
Board believes that through the continued implementation of this strategy the 
Group will be well positioned to benefit from an upturn in trading when it 
occurs. 
Ends 
Enquires to: 
Hexagon Human Capital plc                                     Tel: [phone] 
Rob Walker, Executive Chairman 
 
Brewin Dolphin Investment Banking (NOMAD)         Tel: [phone] 
Matt Davis/ Adam Rudd 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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