Posting of Annual Report & Notice of EGM (7326F)

TIDMSTT

RNS Number : 7326F

Straight PLC

20 June 2012

 
 Date:           20 June 2012 
 On behalf of:   Straight plc ("Straight" the "Company" 
                  or "the Group") 
 For immediate 
  release 
 

Straight plc

Posting of Annual Report and Notice of EGM

The Company wishes to notify that it will be posting its 2011 Annual Report to shareholders on 22 June together with a notice of a General Meeting to be held on 19 July at 9 am. The sole purpose of the General Meeting will be to receive the Financial Statements for 2011 together with the Directors' Report, the Report of the Independent Auditor and the auditable part of the Report on Remuneration. Both the Annual Report and Notice of General Meeting will be posted on the Company's website.

The Company also notifies that as a result of the above timetable Resolution 1 of the Annual General Meeting scheduled for 29 June relating to receiving the Annual Financial Statements will not be put forward at the meeting.

For further information: please contact:

 
 Straight plc 
 Jonathan Straight, Chief 
  Executive                       07977 002 366 
 
 Redleaf Polhill 
 Rebecca Sanders-Hewett /Jenny 
  Bahr                            0207 566 6720 
 
 Cenkos Securities 
 Ivonne Cantu (Nomad)             0207 397 8980 
 Christian Hobart (Sales) 
 

Notes for editors:

About Straight plc

-- Straight plc is the UK's leading manufacturer and supplier of specialist kerbside recycling containers, as well as being 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 25 million kerbside boxes, baskets and caddies to local authorities across the UK, securing its position as the industry leader.

-- 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.

-- In 2010 two major acquisitions changed the business model, which previously relied on outsourced manufacture. In March 2010 Straight acquired the business and assets of the UK business of Helesi plc giving it a proprietary position in the wheeled bin market. This was followed in August 2010 by the acquisition of Powell Plastics, a key supplier of injection mouldedproducts to the group. The Powell factory, in Hull, has since been developed to include a blow mouldingcapability.

-- 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 gained new distribution channels for the business in the UK and in Europe.

-- 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.

-- Almost two thirds of the products the Group supplies are now produced in Straight's own factory.

-- Straight plc has established diverse overseas sales channels for its products, some of which are manufactured locally to their markets in North America and in Australia. Other markets are serviced from UK production.

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

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