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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Relax Grp | LSE:RLX | London | Ordinary Share | GB00B14TH533 | ORD 10P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 11.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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TIDMRLX
RNS Number : 6024X
Relax Group PLC
18 August 2009
Relax Group PLC
18 August 2009
Relax Group plc ("Relax Group" or the "Group")
Trading update
As previously announced, the Group has recently changed its senior management
team and is conducting a strategic and financial review of the business and the
wider management structure. The full results of this review will be announced
shortly.
However, the initial findings are that it is now expected that
the results for the interim period ended 30 June 2009 will be significantly
lower than for the five month period ended 31 December 2008. There has been a
consequential impact on the Group's working capital position and banking
facilities which are being monitored closely. Significant cost savings have been
identified which the directors expect will have a positive impact in the 2010
financial year. The interim results will be released on or before 30 September
2009.
Enquiries:
+------------------------------------+------------------------------------+
| Ken Gaskell/Bernard Asher | 020 7898 0512 |
+------------------------------------+------------------------------------+
| Relax Group plc | |
+------------------------------------+------------------------------------+
| | |
+------------------------------------+------------------------------------+
| Stephen Keys/Beth McKiernan | 020 7397 8900 |
+------------------------------------+------------------------------------+
| Cenkos Securities plc | |
+------------------------------------+------------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
TSTEAPPPFFSNEEE
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