RLX Relax Grp

 

TIDMRLX 
 
RNS Number : 6024X 
Relax Group PLC 
18 August 2009 
 

Relax Group PLC 
18 August 2009 
 
 
Relax Group plc ("Relax Group" or the "Group") 
 
 
Trading update 
 
 
 
 
As previously announced, the Group has recently changed its senior management 
team and is conducting a strategic and financial review of the business and the 
wider management structure. The full results of this review will be announced 
shortly. 
 
 However, the initial findings are that it is now expected that 
the results for the interim period ended 30 June 2009 will be significantly 
lower than for the five month period ended 31 December 2008. There has been a 
consequential impact on the Group's working capital position and banking 
facilities which are being monitored closely. Significant cost savings have been 
identified which the directors expect will have a positive impact in the 2010 
financial year. The interim results will be released on or before 30 September 
2009. 
 
 
Enquiries: 
 
 
+------------------------------------+------------------------------------+ 
| Ken Gaskell/Bernard Asher          | 020 7898 0512                      | 
+------------------------------------+------------------------------------+ 
| Relax Group plc                    |                                    | 
+------------------------------------+------------------------------------+ 
|                                    |                                    | 
+------------------------------------+------------------------------------+ 
| Stephen Keys/Beth McKiernan        | 020 7397 8900                      | 
+------------------------------------+------------------------------------+ 
| Cenkos Securities plc              |                                    | 
+------------------------------------+------------------------------------+ 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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