4imprint Group PLC AGM Statement (7798X)
10 May 2016 - 11:00AM
UK Regulatory
TIDMFOUR
RNS Number : 7798X
4imprint Group PLC
10 May 2016
4imprint Group plc
AGM Trading Statement
4imprint Group plc, (the "Group"), the leading direct marketer
of promotional products, today holds its Annual General Meeting at
which John Poulter, Chairman, is making the following remarks:
"Before commenting on current trading, I should like to
reiterate the established strategy which the Group continues to
pursue.
With a competitive business model and a small market share in
large, fragmented markets, the Group reinvests in marketing
expenditure and strives to grow at the maximum rate consistent with
maintaining broadly constant operating margins from which to
deliver increasing dividends to Shareholders.
Trading in the first four months of 2016 has been positive.
Underlying order activity and revenue growth were both up around
15%. Headline revenue growth of 20% over the reported prior year
comparative reflects a beneficial timing effect from a 53 week
fiscal year in 2015.
Turning to the Board, this has been strengthened since the last
AGM by the appointment of two experienced Non-Executive Directors.
Shareholders will be aware that Kevin Lyons-Tarr was appointed
Chief Executive Officer in March 2015, and that I relinquished
executive responsibility in September 2015. After six years during
which the Group has focused on its successful Direct Marketing
business, and the legacy pension burden has been substantially
eliminated, I shall retire from the Board towards the end of the
year. During the intervening period the Board will appoint and
announce my successor."
For further information, please contact:
4imprint Group plc MHP Communications
Tel. + 44 (0) 20 7299 Tel. + 44 (0) 20 3128
7201 8100
Kevin Lyons-Tarr Reg Hoare
Chief Executive Officer
David Seekings Katie Hunt
Chief Financial Officer
This information is provided by RNS
The company news service from the London Stock Exchange
END
AGMURUKRNNAVARR
(END) Dow Jones Newswires
May 10, 2016 06:00 ET (10:00 GMT)