Result of AGM and Trading Update
May 20 2009 - 6:40AM
UK Regulatory
TIDMCB.
RNS Number : 5776S
CBG Group Plc
20 May 2009
20 May 2009
CBG Group
Result of AGM and Trading Update
The Board of CBG Group plc announces that at the Company's Annual
General Meeting held earlier today, all resolutions were duly passed.
Laurie Turnbull, the Chairman of CBG, made the following comments about current
trading:
"At the time of announcement of our preliminary results in March, I reflected on
how the way 2008 ended and how we would respond to changes as situations
evolved. Trading conditions have remained challenging since then and as we
approach the lead in to the end of the first half, it is clear that our
financial performance is under pressure. Given the uncertain nature of the
economic situation we still remain focused on ensuring our cost base is
efficient and a number of actions including cost reduction and income management
have had a beneficial effect on the first half but the full effect will only be
seen in the second half. We believe the Group remains robust and well placed to
meet forthcoming challenges and capitalise on the economic upturn when it comes
about."
=--ENDS---
Enquiries
CBG Group plc 0161 920 0200
Mike Askew, Group Managing Director 07720 400356
Laurie Turnbull, Chairman 07768 641141
www.cbg-group.co.uk
Bishopsgate Communications Ltd 020 7562 3350
Nick Rome
Gemma O'Hara
www.bishopsgatecommunications.com
Zeus Capital 0161 831 1512
Alex Clarkson
Bobby Fletcher
www.zeuscapital.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
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