12th May 2006 12:00
Laird Group PLC12 May 2006 THE LAIRD GROUP PLC AGM Statement Speaking at The Laird Group PLC's Annual General Meeting, Nigel Keen, Chairman,said: "Laird had another very successful year in 2005, with organic revenue growth of7% and growth in underlying profit before tax of 19%. Since the year end we have completed a 4 for 17 Rights Issue that hasstrengthened our capital base and funded the acquisitions we have announced thisyear, and will also enahance our ability to continue to develop the Group. We received acceptances for over 98% of the new Ordinary Shares and I want to thank shareholders for their continuing support. We have made an encouraging start to 2006, with the momentum established inrecent years being maintained. Laird Technologies has continued to perform well across its range of productsand markets, with demand for its products supplied into the cellular handset andPC notebook markets being particularly strong. In Laird Security Systems, the UKwindow and conservatory businesses have, as expected, continued to facechallenging conditions, while its other UK businesses have performedsatisfactorily. Its US businesses have again delivered good growth. Theacquisitions made earlier this year in both Divisions are all bedding in well. We continue to view the Group's prospects in 2006 with confidence." For enquiries: The Laird Group PLC Maitland Peter Hill, Chief Executive Brian Hudspith Jonathan Silver, Finance Director Charlotte Barker 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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