Trading Update

RNS Number : 0210U

Holders Technology PLC

10 October 2014

 

Holders Technology plc

Trading Update

10 October 2014

Holders Technology plc ("Holders" or "Company") has been notified by a major PCB supplier that the distribution agreement between it and the Company will be terminated on terms to be agreed during the next financial year.  In the 9 month period to 30 September 2014 this contract contributed approximately 10 per cent. of group revenue.  The loss of the contract can be mitigated by alternative strategies and cost reduction measures, however the timing and value of these actions is uncertain and there may be a material impact on the performance of the company in the financial year ending 30 November 2015.

For further information, contact:

Holders Technology Plc	020 8236 1490
Rudi Weinreich, Executive Chairman
Victoria Blaisdell, Group Managing Director
Paul Geraghty, Group Finance Director
Northland Capital Partners Limited - Nomad & Broker	020 7382 1100
William Vandyk, Director, Corporate Finance

Website  www.holderstechnology.com

 

END

 

 

TSTQKKDBBBDDNKD