Fiske PLC Result of AGM (5757K)
September 22 2016 - 7:16AM
UK Regulatory
TIDMFKE
RNS Number : 5757K
Fiske PLC
22 September 2016
22 September 2016
Fiske Plc
('Fiske' or 'the Company')
Result of AGM
Fiske Plc (the 'Company') announces that at the AGM held today
all the resolutions were duly passed.
Speaking at the AGM, Clive Harrison, the Company's Executive
Chairman, said the following:
I am sure you have already read my statement in the Report and
Accounts and I do not propose to repeat it now. The essence was
that last year was poor but the reported result was mainly due to
the direct and indirect costs of the systems change. These costs
are now behind us and all of the implementation costs, some 80% of
the total, have been written off. Only the license fee has been
capitalised as is our standard practice.
The current year has got off to a good start and we have traded
profitably during the first quarter. We have also benefitted from
the receipt of the Euroclear dividend. The second quarter has
continued in a similar vein to the first which gives us confidence
for a positive result for the first half of the year.
Markets world-wide remain remarkably buoyant at present although
volatility is still prevalent. Problems in the Chinese economy and
in the Eurozone remain, but the scare stories about the effect of a
Brexit vote on the UK economy have been shown to be what they
appeared at the time - a gross distortion. Two of the principal
perpetrators of the scare campaign have left office deservedly but
others remain. The UK stock market will continue to be heavily
influenced by Wall Street and overseas economic events and I take a
cautious view as a result.
For further information please contact:
-- Gerard Luchini, Fiske Plc - Compliance Officer
(tel: 020 7448 4700)
-- Salmaan Khawaja/Richard Tonthat/Harrison Clarke, Grant
Thornton UK LLP (Nominated Adviser)
(tel: 020 7383 5100)
This information is provided by RNS
The company news service from the London Stock Exchange
END
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