Tricorn Group PLC Further Post-Period End Update (1550L)

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RNS Number : 1550L

Tricorn Group PLC

11 January 2021

11 January 2021

Tricorn Group plc

("Tricorn", the "Company" or the "Group")

Further Post-Period End Update

Further to its announcement of 7 December 2020, Tricorn Group plc (AIM: TCN.L), the AIM listed tube manipulation specialist, announces that the stocktakes conducted at both of its UK sites, Malvern and West Bromwich, during December 2020 produced a modest gain of approximately 2 per cent. of gross inventory. The Board considers that this was an encouraging indication supporting the integrity of the ongoing margins in the Company's current financial year.

A further announcement will be made later this month regarding the Group's trading in the first quarter to 31 December 2020.

For further information please contact:

Tricorn Group plc www.tricorn.uk.com

Andrew Moss, Chairman Tel [phone]

   Michael Stock, Chief Executive/Group Finance Director                  Tel [phone] 

Shore Capital Tel [phone]

Tom Griffiths

David Coaten

Henry Willcocks

Notes to Editors:

Tricorn is a value-added manufacturer and specialist manipulator of pipe and tubing assemblies to niche markets worldwide.

Headquartered in Malvern, UK, Tricorn employs around 300 employees and has five manufacturing facilities in China, USA and UK.

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January 11, 2021 02:01 ET (07:01 GMT)