20th Oct 2008 16:02
20 October 2008
Fenner PLC ("Fenner")
Shareholder Announcement
It has come to our attention that a number of shareholders have been approached by a third party purporting to be acting with Fenner's consent in a manner that is in fact unauthorised by Fenner and are making representations that are untrue. We have contacted the FSA and passed on details to them for their consideration and action.
In light of the above, we make the following statement to clarify what the Company has announced and what it intends to do.
On 8 September 2008 Fenner issued a Pre Close Trading Statement stating that we expected to report the results for the year ending 31 August 2008 at the top end of our expectations. Nothing has subsequently changed our view.
Current trading remains satisfactory. Our progress on major capital projects remains encouraging as we continue to commission our larger pieces of plant in the United States. Production of high quality belt on the new lines has commenced and we expect the commissioning process to complete in this calendar year. This will reduce costs and introduce greater flexibility into our processes. Our balance sheet and interest cover both remain strong.
As announced previously, we expect to report the full year results on 12 November 2008.
For further information please contact:
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Fenner PLC |
01482 626501 |
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Mark Abrahams, Chief Executive |
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Richard Perry, Finance Director |
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Weber Shandwick Financial |
020 7067 0700 |
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Nick Oborne/ Stephanie Badjonat |
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Fenner PLC