26th Oct 2006 16:51
Go-Ahead Group PLC26 October 2006 For release on 26 October 2006 The Go-Ahead Group plc ("Go-Ahead" or the "Group") AGM statement Further to the statement made by Sir Patrick Brown, Chairman of Go Ahead, at theAnnual General Meeting held earlier today, he also clarified the position withregard to the prospective price increase of traction electricity in the raildivision. He noted that the estimated 65% price increase at 1 April 2007 fortraction electricity, previously reported, has now reduced to 49%. This reducesthe annualised cost increase from £21m to £16m. Further mitigation measures areunder investigation, including on-going discussions with industry and regulatorybodies. All resolutions proposed at the meeting were duly passed. For further information, please contact: The Go-Ahead Group plcKeith Ludeman, Group Chief Executive 020 8929 8650Ian Butcher, Group Finance Director 0191 232 3123 Weber Shandwick Square Mile (WSSM) 020 7067 0700Richard Hews/Rachel Taylor/Stephanie Badjonat Note to Editors:Go-Ahead is a key operator of commuter services in London and the South East.Through Govia, it is the franchise holder for Southern and Southeastern. Busservices include London Central and General, companies in North East England,West Midlands, Oxford, Brighton, Poole, Bournemouth, Southampton, Isle of Wightand routes in the Gatwick Airport and Crawley conurbation. The aviation and carparking businesses have nationwide coverage. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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