25th Jul 2006 11:11
Fuller,Smith&Turner PLC25 July 2006 Tuesday, 25 July 2006 FULLER, SMITH & TURNER P.L.C. CHAIRMAN'S TRADING UPDATE AND AGM STATEMENT Extract from the statement made by Anthony Fuller, Chairman, at the AnnualGeneral Meeting held today: 25 July 2006. Trading Update Fuller, Smith & Turner P.L.C (Fuller's or the "Group") has made a good start tothe year. This includes the Gales business which was acquired on 2 December2005. Like for like sales for the combined managed pub business are up 4.2% forthe 16 weeks to 22 July 2006 helped by the excellent weather during the periodand the World Cup. As reported in the preliminary results on 9 June 2006, integration of the Galesoperations into the Fuller's estate is complete and the Group is seeing thesignificant benefits of its acquisition including related synergies. I remain enthusiastic about the year ahead and expect to see progress in thecombined business in line with our targets. Changes in Board Responsibilities. I intend to retire as Chairman at next year's AGM and am delighted that I havebeen asked to stay on the Board for a further three years after that as aNon-Executive Director. When I stand down as Chairman, Michael Turner, currentlyour Chief Executive, will assume the role of Executive Chairman, maintaining hisresponsibilities for strategy and overall management of the Group. In preparation for these changes, I am very pleased to announce that the Boardhas promoted Simon Emeny, Retail Director, to the position of Managing Directorof Fuller's Inns and John Roberts, Beer and Brands Director, to the position ofManaging Director of The Fuller's Beer Company. I would like to congratulateSimon and John on these well-deserved promotions and for their part in theGroup's success. They will assume their new positions with immediate effect,which will enable Michael to prepare for his new role next year. Anthony Fuller C.B.E. - Ends - For further information please contact: Fuller, Smith & Turner P.L.C. 020 8996 2048Michael Turner, Chief ExecutivePaul Clarke, Finance DirectorPress Office Merlin Financial 020 7653 6620Vanessa Maydon 07802 961902Rebecca Penney 07795 108178 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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