De La Rue PLC AGM Statement (2888V)
August 06 2020 - 1:00AM
UK Regulatory
TIDMDLAR
RNS Number : 2888V
De La Rue PLC
06 August 2020
6 August 2020
DE LA RUE PLC
2020 AGM STATEMENT
At De La Rue plc's ("De La Rue" or "the Group") Annual General
Meeting to be held today, Kevin Loosemore, Chairman of De La Rue,
will make the following statement.
Trading and outlook
The Board's expectations for 2020/21 remain unchanged from the
full year results announcement issued on 17 June 2020.
The GBP100m equity capital raising, which completed on 7 July
2020, will strengthen the Group's balance sheet, enabling De La Rue
to deliver the Turnaround Plan and create value for its employees,
customers, suppliers and shareholders.
In Currency, De La Rue continues to experience strong demand and
has been awarded contracts representing approximately 100% of its
available full-year banknote printing capacity for Financial Year
2020/21, an increase on the 80% of capacity announced at its
trading update of 1 June 2020.
Enquiries:
De La Rue plc +44 (0)1256 605322
Clive Vacher CEO
Rob Harding Interim CFO
Paul Sharma Head of Investor Relations
Brunswick +44 (0)207 404 5959
Stuart Donnelly
Imran Jina
Cautionary note regarding forward-looking statements
This announcement includes statements that are, or may be deemed
to be, "forward-looking statements". These forward-looking
statements can be identified by the use of forward-looking
terminology, including the terms "believes", "estimates",
"anticipates", "expects", "intends", "plans", "goal", "target",
"aim", "may", "will", "would", "could" or "should" or, in each
case, their negative or other variations or comparable terminology.
These forward-looking statements include all matters that are not
historical facts. They appear in a number of places throughout this
announcement and include statements regarding the intentions,
beliefs or current expectations of the directors, De La Rue or the
Group concerning, amongst other things, the results of operations,
profitability, financial condition, liquidity, prospects, growth
and strategies of De La Rue and the industry in which it
operates.
By their nature, forward-looking statements involve risks and
uncertainties because they relate to events and depend on
circumstances that may or may not occur in the future and may be
beyond De La Rue's ability to control or predict. Forward-looking
statements are not guarantees of future performance. The Group's
actual results of operations, profitability, financial condition,
liquidity, prospects, growth and/or strategy and the development of
the industry in which it operates may differ materially from the
impression created by the forward-looking statements contained in
this announcement. In addition, even if the results of operations,
profitability, financial condition, liquidity, prospects, growth
and/or strategy of the Group and the development of the industry in
which it operates are consistent with the forward-looking
statements contained in this announcement, those results or
developments may not be indicative of results or developments in
subsequent periods.
Other than in accordance with its legal or regulatory
obligations, De La Rue does not undertake any obligation to update
or revise publicly any forward-looking statement, whether as a
result of new information, future events or otherwise.
Jane Hyde, Company Secretary
Contact Number: 01256 605212
De La Rue plc's LEI code is 213800DH741LZWIJXP78
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
AGMBIGDICBGDGGU
(END) Dow Jones Newswires
August 06, 2020 02:00 ET (06:00 GMT)
De La Rue (LSE:DLAR)
Historical Stock Chart
From Apr 2024 to May 2024
De La Rue (LSE:DLAR)
Historical Stock Chart
From May 2023 to May 2024