16th May 2007 11:30
Spectris PLC16 May 2007 Date: Wednesday 16 May 2007 Contact: John O'Higgins, Chief Executive Spectris plc Tel: 01784 470470 Richard Mountain Financial Dynamics Tel: 020 7269 7121 SPECTRIS PLC CHAIRMAN'S AGM STATEMENT John Poulter, Chairman, will make the following statement at today's AnnualGeneral Meeting: "We have continued to make good progress during the first four months of 2007and remain on course to produce a year of growth and improvement in operatingmargins in line with expectations. Sales and profits* are ahead of last year,despite weakness of the US Dollar and the Yen. Regionally, Europe and Asiaremain strong with certain US market sectors being less buoyant. Cash conversion remains robust and the share buy-back announced in February isproceeding, with 1.1 million shares purchased to date at a cost of £10.1million. I am pleased to announce the appointment, with effect from 1 June, of JohnHughes as a non-executive director. John was previously executive vice-presidentand chief operating officer of defence, aerospace and electronic systems companyThales Group and is currently chairman of Parity Group plc and Intec TelecomSystems plc." * for continuing businesses Copies of this announcement are available from the company's registered officeat Station Road, Egham, Surrey TW20 9NP and on the company's website atwww.spectris.com. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Spectris