Michelmersh Brick Holdings PLC AGM Statement (8252Y)
May 14 2019 - 1:00AM
UK Regulatory
TIDMMBH
RNS Number : 8252Y
Michelmersh Brick Holdings PLC
14 May 2019
14 May 2019
Michelmersh Brick Holdings Plc
("MBH" or the "Group")
AGM Statement
Michelmersh Brick Holdings PLC (AIM:MBH.L), the specialist
brick, land development and landfill company, announces that at its
Annual General Meeting (AGM), which is to be held at 10.30 am
today, Martin Warner, Chairman, will make the following
statement:
"Trading in 2019 has been robust with production volumes in line
with expectations. Forward sales have also been positive leading
the Company to expect a first half weighting to its financial
performance for the year as the overall capacity of the five plants
within the Group is fixed. Initial performance indicates that the
acquisition of Floren in February 2019 is proving a sound
investment that will contribute to the Group's trading performance
and strategic options moving forward. The Group's performance to
date in 2019 gives the Board confidence in achieving expectations
for the full year to 31 December 2019."
Pending approval by shareholders at the AGM, the final dividend
in respect of the year ended 31 December 2018 of 2.14 pence per
ordinary share will be paid on 28 June 2019 to members on the
register on 24 May.
Enquiries:
Michelmersh Brick Holdings Plc
Frank Hanna, Joint CEO
Stephen Morgan, Finance Director 07384 259407
Canaccord Genuity Limited (NOMAD
and Broker)
Bobbie Hilliam 020 7523
Georgina McCooke 8150
Yellow Jersey PR
07747 788
Charles Goodwin 221
07544 275
Harriet Jackson 882
Annabel Atkins
About Michelmersh Brick Holdings PLC:
Michelmersh Brick Holdings PLC is a business with seven market
leading brands: Blockleys, Carlton, Charnwood, Freshfield Lane,
Michelmersh, Hathern Terra Cotta and Floren. These divisions
operate within a fully integrated business combining the
manufacture of clay bricks and pavers. The Group also includes a
landfill operator, New Acres Limited, and seeks to develop future
landfill and development opportunities on ancillary land
assets.
Established in 1997 the Company has grown through acquisition
and organic growth into a profitable and asset rich business,
producing over 120 million clay bricks and pavers per annum.
Michelmersh currently owns most of the UK's premium manufacturing
brands and is a leading specification brick and clay paving
manufacturer.
Michelmersh strives to be a well invested, long term,
sustainable, environmentally responsible business. Opportunity,
training and security for all employees, whilst meeting the needs
of stakeholders are at the forefront of everything we do. We aim to
lead the way in producing some of Britain's premium clay products
and enhancing our environment by adding value to the architectural
landscape for generations to come.
We are Michelmersh Brick Holdings PLC: we are "Britain's Brick
Specialist".
Please visit the Group's websites at: www.mbhplc.co.uk and
www.bimbricks.com
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END
AGMAJMLTMBJBMRL
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