Corporate News

Board Changes October 2010

Molins PLC, the international specialist engineering company, is pleased to announce the appointment of Avril Palmer-Baunack as a non-executive director of the company and Chairman of the board with effect from today's date, following Jonathan Azis' decision to step down from the board, also effective today, to enable him to spend more time on his other activities.

 

Avril is Chief Executive Officer of Autologic Holdings plc and a non-executive director of Helphire Group plc and Alexon Group plc. She was formerly Chief Executive Officer of Universal Salvage plc. There are no further matters to be disclosed in relation to this appointment pursuant to LR 9.6.13 of the FSA Listing Rules.

 

Enquiries:

 

 

Molins PLC

                                                                  

Tel: +44(0)1908 246870

Dick Hunter, Chief Executive

 

 
John Allkins, Senior Independent Director  

Change of Adviser

Molins PLC is pleased to announce the appointment of Singer Capital Markets Limited as Financial Adviser and 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    

 

 

Singer Capital Markets Ltd

Tel: +44(0)203 205 7500

 

Shaun Dobson

 

 

Citigate Dewe Rogerson

 

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

 

 

Pre-Close Trading Update

Molins PLC, the international specialist engineering company, issues the following trading update ahead of its interim results announcement in August 2010.

 

Order intake remains behind that of the comparable period last year.  Until now the shortfall had been in respect of orders which were expected in the current year.  However, the board is now aware that some of those prospective orders are unlikely to be received, and others have been further delayed, such that current year sales are now expected to be lower than the board’s previous expectations.

 

Additionally, in the first half a sales contract being undertaken within the Packaging Machinery division which commenced in 2009 and proved more technically challenging than expected, has incurred significant further costs which will not be recovered.

 

As a result the board’s current expectation of Group underlying performance in the full year is lower than previously.  In addition, it is expected that some reorganisation will take place in a number of locations as a consequence of the lower activity.

 

Enquiries:

 

 

Molins PLC

 

Tel: +44(0)1908 246870

Dick Hunter, Chief Executive

 

 

David Cowen, Group Finance Director      

 

 

Citigate Dewe Rogerson

 

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

 

 

 

Interim Management Statement April 2010

Molins PLC, the international specialist engineering group, is holding its Annual General Meeting today.  This statement is issued in accordance with the UK Listing Authority’s Disclosure and Transparency Rules and relates to the period from 1 January 2010, the start of the Company’s financial year.

 

Sales and the operating performance of the Group in the first quarter of the year were broadly in line with internal plans and at similar levels to the equivalent period in the prior year.

 

Order intake is behind that of the comparable period last year reflecting, for the most part, delays in the receipt of orders which remain expected.  Order levels in the full year are expected to be broadly in line with those in the Group’s internal plans.

 

The board’s expectations of Group performance in the full year have not changed since the publication of the Preliminary Announcement in February 2010.  In previous years the operating performance of the Group has been significantly second half weighted and this is expected to be more pronounced this year than last year.

 

The financial position of the Group is broadly comparable with that at 31 December 2009.

 

 

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