Corporate News

Trading Update

Molins PLC, the international engineering and services company, announces the following trading update for the year to 31 December 2014.   

 

The tobacco sector market conditions and geopolitical instability highlighted in our August statement have resulted in weaker order prospects and delays to expected machine deliveries in the Tobacco Machinery division, with the Scientific Services division also affected by tobacco customers delaying orders for instrumentation, following strong intake in the first half.  As a result, the Board expects profit before tax for the full year to be below current market forecasts.  The Board intends to hold dividend payments at current levels. 

 

Prospects in the Packaging Machinery division remain good, as the division continues to make progress in targeted market segments and geographies.  Both order intake and sales in local currency are ahead of last year.  We continue to invest in products and infrastructure and work towards realising the value of surplus property in the Group.

 

Enquiries:

Molins PLC                                                             

Tel: +44 (0)1908 246870                                                 

Dick Hunter, Chief Executive                                           

David Cowen, Group Finance Director

 

Panmure Gordon (UK) Limited (NOMAD)

Tel: +44 (0)20 7886 2500

Hugh Morgan / Peter Steel – Corporate Finance

Tom Salvesen – Corporate Broking

 

KTZ Communications

Tel: +44 (0)20 3178 6378

Katie Tzouliadis, Deborah Walter

Half-year Announcement 2014

Click on the following link to view our Half-year report for the six months ended 30 June 2014:

 

Half-year Announcement 2014

 

Admission to AIM

Further to the Company’s announcement on 24 April 2014 and the General Meeting on 20 May 2014, the Board is pleased to confirm that the admission of Molins’ ordinary shares of 25 pence each to trading on AIM occurred at 8.00 a.m. today, 19 June 2014. The Ordinary Shares have been removed from trading on the Main Market of London Stock Exchange plc and their listing on the Official List has been cancelled.

 

Disclosures on the Company as required by AIM Rule 26 can be found at www.molins.com.

 

For further information, please contact:

 

Molins PLC 

Tel: +44 (0)1908 246870

Dick Hunter, Chief Executive

 

David Cowen, Group Finance Director        

 

 

Panmure Gordon (UK) Limited

(Nominated Adviser and Broker)

Tel: +44 (0)20 7886 2500

Hugh Morgan / Peter Steel

 

 

MHP Communications 

Tel: +44 (0)20 3128 8100
Andrew Jaques / Simon Hockridge  

Result of General Meeting and Schedule 1

Molins PLC (“Molins” or the “Company”) announces that the Resolutions put to Shareholders at today’s General Meeting of the Company were duly passed by the requisite majority on a show of hands. The Resolutions, both passed as special business, have been submitted to the National Storage Mechanism and are available for inspection at www.morningstar.co.uk/uk/NSM.

 

Following the passing of the Cancellation Resolution, the Company has applied to cancel the listing of the Ordinary Shares on the Official List and their admission to trading on the London Stock Exchange’s Main Market for listed securities.

 

In connection with the application for the Ordinary Shares to be admitted to trading on AIM, the Company has submitted a Schedule 1 announcement to AIM, prepared in accordance with the AIM Rules. The Schedule 1 announcement is expected to be released shortly.

 

The Cancellation is expected to become effective at 8.00 a.m. on 19 June 2014 and Admission is expected to become effective at 8.00 a.m. on the same date.

 

Unless otherwise stated, capitalised terms in this announcement have the same meaning as in the Circular posted to Shareholders on 24 April 2014, a copy of which is available on the Company’s website at www.molins.com.

 

For further information please contact: 

 

Molins PLC

 

Tel: +44 (0)1908 246870

Dick Hunter, Chief Executive

 

 

David Cowen, Group Finance Director        

 

 

Panmure Gordon (UK) Limited

Tel: +44 (0)20 7886 2500

 

Hugh Morgan / Peter Steel

 

 

MHP Communications

 

Tel: +44 (0)20 3128 8100
Andrew Jaques / Simon Hockridge