10th Dec 2007 12:00
Origin Enterprises Plc10 December 2007 Origin Enterprises plc AGM Statement 10th December 2007 Origin Enterprises plc ('Origin'), today held its Annual General Meeting atwhich the, Chairman Owen Killian, made the following statement: "2007 has been a significant year for Origin, with its establishment andsubsequent flotation on the IEX and AIM markets of the Dublin and London StockExchanges, raising €100m to fund development opportunities. Post year-end,Origin completed the acquisition of the 50 per cent interest in the Odlum Groupit did not already own, and now owns 100 per cent of the Odlum Group. As outlined in the trading statement issued by Origin on 3rd December 2007,Origin has delivered an excellent performance in its first quarter, primarilydue to the renewed buoyancy in primary producer markets. In particular,increased cereal plantings in the UK are driving a higher application of keyfarm inputs, resulting in an improved performance within the Group's Agri-Inputsbusiness. The renewed momentum across the markets in which Origin operates reflects a newunderlying growth dynamic. The Group is well placed to achieve growth fromcontinuing operations in the current financial year." Ends EnquiriesBrendan FitzgeraldChief Financial Officer Tel: +353 1 612 1259Website: www.originenterprises.com Joe Murray 01 4980300Murrray Consultants 086 2534950 About Origin Enterprises plc Origin Enterprises plc is a leading Agri-Nutrition and Food company. TheAgri-Nutrition division, through its manufacturing and distribution operationsin Ireland and the UK, has leading market positions in the supply of feedingredients, crop nutrition and specialist marine proteins. The Group's Fooddivision, comprising sales, marketing, distribution and manufacturing activitiesin Ireland, has leadership positions in ambient food across the retail, foodservice and manufacturing sectors. The Group has the benefit of a substantialoperating asset base including a number of significant properties withdevelopment potential located in areas destined for future development andregeneration. Note All comments are based on unaudited management accounts. Certain statements madein this trading update are forward-looking statements. Such statements are basedon current expectations and are subject to a number of risks and uncertaintiesthat could cause actual events or results to differ materially from any expectedfuture events or results referred to in these forward-looking statements. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Origin