Interim Management Statement

    RNS Number : 1418I
  PGI Group PLC
  13 November 2008
   

    PGI Group Plc

    Interim Management Statement

    This statement is made in accordance with the UK Listing Authority's Disclosure and Transparency Rules.

    The statement covers the period from 1 July 2008 to date.

    The interim report was issued on 27 August 2008 and is available from the company's website (www.pgi-uk.com). Included in this report
were details of the changes made to our arrangements with Steven Wayne and Jensen. 

    There have been no other material events or transactions affecting the Group during the period.

    Overall the Group's financial performance has been satisfactory and in line with management expectations. Input cost inflation has so
far generally been matched with higher revenue, although the recent reduction in tea prices and exchange rate movements will reduce profit
margins.

    The Group's net bank borrowings have remained at a similar level to those at the end of 2007.

    The recent heavy falls in worldwide stock markets may, if sustained, increase the deficit in the Group's defined benefit pension
scheme.


    Contact:
    G Moores
    Group Finance Director
    020 7236 6135

This information is provided by RNS
The company news service from the London Stock Exchange
 
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