AGM and Interim Management St

RNS Number : 6430U

Spectris PLC

16 May 2008

 



Date: 16 May 2008

SPECTRIS PLC

AGM AND INTERIM MANAGEMENT STATEMENT

At the Annual General Meeting of Spectris plc being held today, the Chairman, John Poulter, will make the following statement.

'Orders during the period from 1 January 2008 to date, excluding beneficial currency effects, have been encouraging, with demand in each of the business segments ahead of the prior year period. Trading performance has been similarly positive. Looking forward, the Board is confident that the first half year will show good progress. Further out, the global financial situation could have an effect on demand, but the company remains well-positioned, having a broad spread of customers, applications and geographical markets, with the fundamental demand driver being to enhance customers' productivity.

There have been no material trading events or transactions during the period. Other than in relation to the completed share buy-back programme, with 1.4 million shares purchased for a total cash consideration of £9.3 million, there has been no significant change in the financial position of the group since the end of the prior year.'

After 7 years as Chairman and a total of 20 years with the company, John Poulter will retire as Chairman at the conclusion of today's Annual General Meeting. John Hughes will take over as non-executive Chairman, as announced in February. The Board would like to thank John Poulter for his outstanding contribution, support and dedication to the company.

Spectris will issue a trading update on 10 July 2008, ahead of its interim results announcement on 22 August 2008.

ENDS

Enquiries:	John O'Higgins, Chief Executive, Spectris plc	Tel: [phone]
	Clive Watson, Group Finance Director, Spectris plc	Tel: [phone]
	Richard Mountain, Financial Dynamics	Tel: [phone]

Copies of this announcement are available from the company's registered office at

Station Road, Egham, Surrey TW20 9NP and on the company's website at www.spectris.com.

 

END

 

 

MSCGUUQGAUPRGUQ