Corporate News

Appointment of Collins Stewart Europe Limited

Molins PLC is pleased to announce the appointment of Collins Stewart Europe Limited as Financial Adviser and sole Corporate Broker to the Company with immediate effect.

 

For further information please contact:

 

Enquiries:

 

 

Molins PLC

 

Tel: +44(0)1908 246870

Dick Hunter, Chief Executive

 

 

David Cowen, Group Finance Director      

 

 

Collins Stewart Europe Limited

 

Tel: +44(0)20 7523 8350

 

Matt Goode

 

Rishi Shah

 

Board Changes January 2011

Molins PLC, the international specialist engineering company, is pleased to announce the appointment of John Davies as a non-executive director of the company with effect from today’s date, following the resignation of Andrew Cripps, also effective today.

 

Mr Davies is the non-executive Chairman of Autologic Holdings plc.

 

There are no further matters to be disclosed in relation to this appointment pursuant to 9.6.13 of the FSA Listing Rules.

 

Enquiries:

 

 

Molins PLC

                                                                   

Tel: +44(0)1908 246870

Avril Palmer-Baunack, Chairman

 

 
Dick Hunter, Chief Executive  

 

 

Pre-Close Trading Update

Molins PLC, the international specialist engineering company, issues the following trading update ahead of the end of its financial year on 31 December 2010.

 

Orders and sales in the last quarter of the year have been at anticipated levels. Expectations of underlying performance in the full year have improved, with strong project performance in a number of the businesses combining with a favourable sales mix across the Group.

 

The Company is scheduled to make its preliminary announcement of its 2010 full year results on 1 March 2011.

 

Enquiries:

 

 

Molins PLC                                               

 

Tel: +44(0)1908 246870

Dick Hunter, Chief Executive

 

 
David Cowen, Group Finance Director  

 

 

Interim Management Statement October 2010

This statement is issued in accordance with the requirements of the Disclosure and Transparency Rules and relates to the period from 1 July 2009. Overall the Group continues to trade in line with the board’s expectations at the beginning of the year.

 

As commented on 28 August 2009, the date the Group announced its results for the six months ended 30 June 2009, performance in both the Tobacco Machinery and Scientific Services divisions was ahead of the board’s expectations, and trading since then has continued to progress satisfactorily.

 

Trading conditions in the Packaging Machinery division remain challenging, with order intake not showing any immediate signs of improvement.

 

The financial position of the Group is broadly comparable with that at 30 June 2009. The balance sheet includes the valuation of the UK defined benefit pension scheme which by its nature is prone to potentially significant changes driven by factors outside the control of the Company. A formal actuarial valuation of the scheme as at 30 June 2009 is being carried out. This valuation, which will take a number of months to complete, will provide the framework for determining the level of funding that the Company will be committed to paying to the scheme to recover any deficit that may exist.

 

Enquiries:

 

 

Molins PLC

 

Tel: +44(0)1908 246870

Dick Hunter, Chief Executive

 

 

David Cowen, Group Finance Director         

 

 

Issued By:

 

 

Citigate Dewe Rogerson

 

Tel: +44(0)20 7638 9571
Angharad Couch