AGM Statement

RNS Number : 0347I

Severfield-Rowen PLC

08 June 2011

 



AGM Statement 2011

At Severfield-Rowen Plc's Annual General Meeting today, Tom Haughey, Chief Executive Officer, will make the following statement:

The Company's trading position was updated on 18 May 2011, when it issued an Interim Management Statement.  Little has changed in the short intervening period.  The Company maintains its cautious view that a broad recovery of the UK market remains distant and the focus continues on a number of sectors where activity and opportunity are being sustained, notably in Industrial, Transportation, Waste to Energy and Commercial Offices. The Company remains optimistic about prospects and development potential for its joint venture in India.

Jonathan Rhodes has been appointed Company Secretary and attends his first Board meeting today.

On behalf of the Board, I would like to thank all of our employees who continue, through challenging times, to make outstanding contributions to the Company's performance.  We also thank our shareholders and supply chain partners for their continued support.

For further information, please contact:

Severfield-Rowen Plc                           Toby Hayward                      01845 577896

                                                         Chairman

                                                         Tom Haughey                       01845 577896

                                                         Chief Executive Officer

                                                         Alan Dunsmore                    01845 577896

                                                         Finance Director

RBS Hoare Govett Ltd                         John MacGowan                   020 7678 8000

                                                         Stephen Bowler                    020 7678 8000

Pelham Bell Pottinger                         Archie Berens                      020 7861 3112

                                                         Zoe Sanders                        020 7861 3887

 

END

 

 

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