Gear4music (Holdings) PLC AGM Statement and Trading Update (9432V)
July 27 2018 - 1:00AM
UK Regulatory
TIDMG4M
RNS Number : 9432V
Gear4music (Holdings) PLC
27 July 2018
27 July 2018
Gear4music (Holdings) plc
AGM Statement and Trading Update
Gear4music (Holdings) plc ("Gear4music" or "the Group"), the
largest UK based retailer of musical instruments and music
equipment, will hold its Annual General Meeting at 3.00pm
today.
At the meeting Gear4music's Chief Executive Officer, Andrew
Wass, will make the following statement:
"I am pleased to report that revenue growth continues to be
strong into what is a highly competitive market, and the projects
to relocate our Swedish distribution centre and upgrade our UK
distribution facilities are on-track to be delivered ahead of our
peak trading period. The Board remains confident in meeting their
expectations for the financial year."
The Group will announce a trading update in relation to the six
months ending 31 August 2018 in early September 2018, followed by
the full half year results in October.
- Ends -
Enquiries:
Gear4music
Andrew Wass, Chief Executive Officer
Chris Scott, Chief Financial Officer +44 20 3865 9668
Panmure Gordon
(Joint Financial Adviser, Joint Broker,
and Nominated Adviser)
Adam James - Investment Banking
Erik Anderson - Corporate Broking +44 20 7886 2500
Peel Hunt
(Joint Financial Adviser and Joint Broker)
Adrian Trimmings
George Sellar +44 20 7418 8900
Alma PR (Financial PR) +44 20 3865 9668
Josh Royston/Rebecca Sanders-Hewett/Helena Gear4Music@almapr.co.uk
Bogle
About Gear4music.com
Operating from a Head Office in York, and Distribution Centres
and showrooms in York, Sweden and Germany, the Group sells
own-brand musical instruments and music equipment alongside premium
third-party brands including Fender, Yamaha and Roland, to
customers ranging from beginners to musical enthusiasts and
professionals, in the UK, Europe and, more recently, into the Rest
of the World.
Having developed its own e-commerce platform, with multilingual,
multicurrency and fully responsive design websites delivering to
over 190 countries, the Group has rapidly expanded its database and
continues to build its overseas presence.
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END
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