11th May 2007 11:31
Laird Group PLC11 May 2007 THE LAIRD GROUP PLC AGM Statement At The Laird Group PLC's Annual General Meeting today, Nigel Keen, Chairman, ismaking the following statement: "Laird had another successful year in 2006, with organic revenue growth of 11%for the Group as a whole and growth in underlying profit before tax of 33%.Organic revenue growth in Laird Technologies was 23%, with growth in underlyingoperating profit of 47%. We have made an encouraging start to 2007, with the momentum established inrecent years being maintained. Since the year end we have completed the disposal of the Security SystemsDivision. We will be returning approximately £100 million to shareholders by wayof a Special Dividend of 50 pence per Ordinary Share, planned to be paid on 22June 2007, together with a share consolidation on an 8 for 9 basis. The SecuritySystems Division performed close to expectations up to its disposal at the endof April. Laird Technologies continues to perform well, with further strong organic growthbeing delivered. We have also completed three acquisitions so far this year,adding new capabilities and access to complementary high growth markets. Theseacquisitions and those made towards the end of 2006 are bedding in well. Through the successful execution of our strategy, Laird has been transformedinto a focused technology and electronics company operating in high growthmarkets. We continue to view the Group's prospects in 2007 with confidence." For enquiries: The Laird Group PLC Maitland Peter Hill, Chief Executive Brian Hudspith Jonathan Silver, Finance Director Tel: 020 7468 4040 Tel: 020 7379 5151 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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