Redhall Group PLC AGM Statement (5589D)

TIDMRHL

RNS Number : 5589D

Redhall Group PLC

01 February 2018

 
 For immediate release    1 February 2018 
 
 

Redhall Group plc

("Redhall" or the "Group")

AGM Statement

Redhall (AIM: RHL), the high integrity manufacturing and services group, will hold its Annual General Meeting ("AGM") at noon today in London.

Martyn Everett, Redhall's Chairman, will make the following statement:

"Since reporting our annual results in early December last year, we were very pleased to announce two weeks later that Jordan Manufacturing has a key role in supporting Cavendish Nuclear in the delivery of complex bespoke nuclear equipment for the treatment and management of nuclear containment systems at Sellafield. This contract, which we anticipate will be worth around GBP18m over its first three years, is a good example of both the capabilities of the Group in engineering and manufacturing highly complex products and the opportunities in this key market.

"We continue to have good visibility over a strong and improving pipeline of further opportunities with many bids being prepared for some of the largest infrastructure projects in the UK today.

"Some of these contracts and opportunities, particularly in the nuclear decommissioning and new build markets, are large and their timing may be less predictable than smaller projects. We are working hard to convert these opportunities into activity on the shop floor. For instance, the Hinkley opportunity remains very real for the Group and we remain hopeful of signing this contract in the very near future.

"We remain cautious, but are pleased to have secured significant contracts in our key markets. The continued growth of a high quality pipeline of opportunities underpins our confidence in the future."

Contact details:

 
 Redhall Group plc                      Tel: [phone] 
                                         385 386 
 Phil Brierley, Chief Executive 
  Chris Kelly, Group Finance Director 
 
 Buchanan, PR Adviser                   Tel: [phone] 
                                         5000 
 Mark Court, Sophie Wills, Gemma 
  Mostyn-Owen 
 
 GCA Altium, Financial and Nominated 
  Adviser 
 Tim Richardson, Simon Lord             Tel: [phone] 
                                         4040 
 
 WH Ireland, Broker 
 Adrian Hadden, Ed Allsopp              Tel: [phone] 
                                         1666 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

AGMBBMBTMBJJTAP

(END) Dow Jones Newswires

February 01, 2018 02:00 ET (07:00 GMT)