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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Straight | LSE:STT | London | Ordinary Share | GB0033695486 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 77.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMSTT RNS Number : 6864M Straight PLC 28 May 2010 Date: 28 May 2010 On behalf of: Straight plc ("Straight" or "the Group") For immediate release Straight plc AGM Statement Straight Plc (AIM: STT), the environmental products and services group, will be holding its Annual General Meeting today at 12 noon. In his address to shareholders, James Newman, Chairman, will update shareholders as follows: "The Board is pleased to announce that the Group's Trade Business has continued to experience high levels of order intake during this financial year and that its order book remains at record levels. The Group's Retail Business is also experiencing increasing levels of sales, which are a direct result of its appointment in April this year as the sole supplier of compost bins to the Eastern Shires Purchasing Organisation. Sales are currently higher than in 2009 and the Retail Business is now making a positive contribution to the Group. The integration of the Helesi UK business, which the Group acquired in March 2010, is progressing well and to schedule. As a result of the continued progress being made throughout the Group, the Board is confident that its expectations for the full year will be met. The Company will provide a further update on trading for the first half of the year ahead of entering its close period at the end of July 2010". -end- For further information, please contact +----------------------------------------+----------------------+ | Straight plc | | +----------------------------------------+----------------------+ | James Newman, Chairman | 07850 672 727 | | Jonathan Straight, Chief Executive | 0113 245 2244 | +----------------------------------------+----------------------+ | | | +----------------------------------------+----------------------+ | Panmure Gordon | | +----------------------------------------+----------------------+ | Andrew Godber / Katherine Roe | 0207 459 3600 | +----------------------------------------+----------------------+ | | | +----------------------------------------+----------------------+ | Redleaf Communications | | +----------------------------------------+----------------------+ | Paul Dulieu / Mike Ward | 0207 566 6700 | +----------------------------------------+----------------------+ Notes to Editors * Straight plc is the UK's leading supplier of specialist kerbside recycling containers as well as a key supplier of a broad range of waste and recycling container solutions. Founded in 1993 by the current Chief Executive, Jonathan Straight, the business has since supplied more than 12 million kerbside recycling boxes to local authorities across the UK, securing its position as the industry leader. * In 2005, Straight acquired Blackwall Limited, the UK's largest supplier of home composters and water butts. Through the Blackwall brand, Straight has delivered more than 3.5 million compost bins and water butts. * The business operates through two divisions. The core Trade Business supplying products in bulk to local authorities, utilities, the waste industry, retailers and other businesses and the Retail Business supplying a range of proprietary environmentally friendly consumer products directly to the public, often in partnership with a local authority or a utility. * Straight operates a radical business model with all manufacture outsourced on an international basis. Most production is local to the end market keeping freight movements and associated emissions to a minimum. * In February 2009, Straight added to its portfolio with the acquisition of Harcostar Garden Products, a long established premium brand consisting of water butts, compost bins, watering cans and accessories. This has gained new distribution channels for the business in the UK and in Europe. * In March 2010, Straight acquired the business and certain assets relating to the UK manufacturing operations of Helesi plc, providing the Group with a proprietary wheeled bin range for the first time. * Straight plc has established diverse overseas sales channels and is now producing and selling water butts in Australia and North America. * Further information about the company and its products can be found at: www.straight.co.uk This information is provided by RNS The company news service from the London Stock Exchange END AGMQDLFLBEFFBBF
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