Update on Trading

 

TIDMMPG 
 
RNS Number : 5248N 
Maypole Group plc 
18 February 2009 
 

 
 
Maypole Group plc 
18 February 2009 
 
 
 
 
Maypole Group plc ("Maypole" or the "Company") 
 
 
Update on Trading 
 
 
Trading in the fourth quarter of 2008 was disappointing and considerably below 
our expectations and the equivalent period in 2007. This has resulted in 
significant pressures on the group's cash flow. We are in discussions with our 
bankers with a view to agreeing a solution and it is expected that decisions 
will be reached by the end of March 2009. Our strategy is being reviewed, 
particularly with a view to reducing costs meaningfully, and fund raising 
options are being considered to secure the company's position going forward. 
 
 
Trading since the start of the year has been encouraging and, despite the recent 
adverse weather conditions, we are exceeding our cautious expectations. 
 
 
 
 
-ends- 
 
 
Contacts 
 
 
+------------------------------------------------+--------------------------+ 
| Maypole Group plc                              |            020 7726 7010 | 
+------------------------------------------------+--------------------------+ 
| Simon Bentley - Chairman                       |                          | 
+------------------------------------------------+--------------------------+ 
|                                                |                          | 
+------------------------------------------------+--------------------------+ 
| Blomfield Corporate Finance Ltd                |            020 7489 4500 | 
+------------------------------------------------+--------------------------+ 
| Peter Trevelyan-Clark / Ben Jeynes             |                          | 
+------------------------------------------------+--------------------------+ 
|                                                |                          | 
+------------------------------------------------+--------------------------+ 
| Alexander David Securities Ltd                 |            020 7448 9820 | 
+------------------------------------------------+--------------------------+ 
| David Scott / Bill Sharp                       |                          | 
+------------------------------------------------+--------------------------+ 
|                                                |                          | 
+------------------------------------------------+--------------------------+ 
| Weber Shandwick Financial                      |            020 7067 0700 | 
+------------------------------------------------+--------------------------+ 
| Nick Dibden / James White                      |                          | 
+------------------------------------------------+--------------------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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