AGM Statement

RNS Number : 9737H

Leeds Group PLC

30 November 2022

 

30 November 2022

Leeds Group plc

(the "Company")

Annual General Meeting Statement

At the Company's Annual General Meeting to be held at Noon today, Jan G. Holmstrom, Non-Executive Chairman, will make the following statement:

' 'The Directors are focused on returning the Group to profitability and the results for the first six months of the financial year are encouraging.  Hemmers-Itex Textil Import Export GmbH ('Hemmers') have made further costs cutting measures in order to align sales volume with overheads and therefore are in a good position to improve in the second half of the financial year. As stated in the 2022 annual accounts, as a post balance sheet event, Stoff-Ideen-KMR GmbH ('KMR') was placed into an insolvency process on 7 October 2022 and that process continues to realise any assets held.''

Enquiries:

Leeds Group plc Dawn Henderson	Tel:  [phone]
Cairn Financial Advisers LLP Nominated Adviser Liam Murray / Sandy Jamieson	Tel:  [phone]

 

END

 

 

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