Redhall Group PLC AGM Statement (5589D)
February 01 2018 - 1:00AM
UK Regulatory
TIDMRHL
RNS Number : 5589D
Redhall Group PLC
01 February 2018
For immediate release 1 February 2018
Redhall Group plc
("Redhall" or the "Group")
AGM Statement
Redhall (AIM: RHL), the high integrity manufacturing and
services group, will hold its Annual General Meeting ("AGM") at
noon today in London.
Martyn Everett, Redhall's Chairman, will make the following
statement:
"Since reporting our annual results in early December last year,
we were very pleased to announce two weeks later that Jordan
Manufacturing has a key role in supporting Cavendish Nuclear in the
delivery of complex bespoke nuclear equipment for the treatment and
management of nuclear containment systems at Sellafield. This
contract, which we anticipate will be worth around GBP18m over its
first three years, is a good example of both the capabilities of
the Group in engineering and manufacturing highly complex products
and the opportunities in this key market.
"We continue to have good visibility over a strong and improving
pipeline of further opportunities with many bids being prepared for
some of the largest infrastructure projects in the UK today.
"Some of these contracts and opportunities, particularly in the
nuclear decommissioning and new build markets, are large and their
timing may be less predictable than smaller projects. We are
working hard to convert these opportunities into activity on the
shop floor. For instance, the Hinkley opportunity remains very real
for the Group and we remain hopeful of signing this contract in the
very near future.
"We remain cautious, but are pleased to have secured significant
contracts in our key markets. The continued growth of a high
quality pipeline of opportunities underpins our confidence in the
future."
Contact details:
Redhall Group plc Tel: +44 (0) 1924
385 386
Phil Brierley, Chief Executive
Chris Kelly, Group Finance Director
Buchanan, PR Adviser Tel: +44 (0) 20 7466
5000
Mark Court, Sophie Wills, Gemma
Mostyn-Owen
GCA Altium, Financial and Nominated
Adviser
Tim Richardson, Simon Lord Tel: +44 (0) 20 7484
4040
WH Ireland, Broker
Adrian Hadden, Ed Allsopp Tel: +44 (0) 20 7220
1666
This information is provided by RNS
The company news service from the London Stock Exchange
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