17th May 2005 09:10
AGM Statement 17th May 2005 I am pleased to report that the Group has started the year well. Currenttrading is in line with expectations, showing good progress over the sameperiod last year.In 2004 Interserve was successful in winning a number of significant, new,long-term revenue streams, achieving a 14 per cent increase in our futureworkload which stood at a record ‚£4.9 billion at the turn of the year. So farin 2005 we have announced new contracts and framework agreements through whichthe value of services to be performed by Interserve totals over ‚£800 million.The most recent of these, for the Newcastle-upon-Tyne NHS Trust, will providerevenues to the Group until 2043.Over the past few years a number of changes to the Board have been made in linewith our succession plans. Following nine years as Chairman, and some 41 years'service with the Group, I have now decided that a suitable time is approachingfor me to stand down. Steps are being taken to recruit a new Chairman and I amsure that my successor will enjoy the opportunity to work with the manytalented people in the Group as much as I have done. This is therefore likelyto be my last Interserve AGM.ENDINTERSERVE PLCRelated Shares:
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