27th Jul 2006 07:00
Shanks Group PLC27 July 2006 AGM Statement 27 July 2006 Shanks Group plc - First Quarter Statement Reporting to shareholders at the Company's Annual General Meeting in Glasgowtoday (27 July) the retiring Group Chairman Ian Clubb will say: "I am pleased to confirm that trading in the first quarter of 2006/7 has been inline with our expectations. On the last day of the quarter, 30 June 2006, theGroup announced the acquisition of Smink Beheer BV for a consideration of €86m(€63m net of cash in the acquired company). Very shortly thereafter wastemanagement and recycling activities in Scotland and East London were acquiredfrom John W Hannay & Co Limited for a cash consideration of £8.8m Thesetransactions are in line with our strategy to grow the Group's core activitiesboth in the UK and in the Benelux countries. I have greatly enjoyed acting as your Chairman and extend to Adrian Auer, whosucceeds me from today, best wishes for the future." For further information please contact: Michael Averill, Group Chief ExecutiveShanks Group plcTelephone +44 (0)1628 554920 Ginny Pulbrook, Executive DirectorCDRTelephone +44 (0) 207 282 2945 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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