Corporate News

2015 AGM - Proxy Result - 24 April 2015

View our 2015 AGM - Proxy Result - 24 April 2015

Result of AGM April 2015

Molins PLC, the international engineering and services company, announces that all resolutions put to the shareholders at the Annual General Meeting of the Company held today, 24 April 2015, were duly passed and that copies of the four resolutions passed under special business have been submitted to the National Storage Mechanism and are available for inspection at www.morningstar.co.uk/uk/NSM.

 

Enquiries:

Molins PLC                                                             

Tel: +44 (0)1908 246870                                                 

Sara Cannon, Company Secretary                                   

 

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

Interim Management Statement April 2015

Molins PLC, the international engineering and services company, will hold its Annual General Meeting at 12 noon today, and Chairman, Phil Moorhouse, will make the following statement:   

 

“The Board’s expectation of Group trading for the financial year to 31 December 2015 remains unchanged.

 

Against a continuing tough trading backdrop, the Tobacco Machinery division’s performance to date is in line with last year’s.  Trading at the Scientific Services division is more challenging than expected with the relative strength of sterling against the euro and the tobacco sector challenges affecting performance.  Trading in the Packaging Machinery division is ahead of last year and prospects remain strong.

 

As previously reported, we expect the strategic review of our analytical services laboratory operations to complete in the first half of the year and we will provide a further update in due course.”

 

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

Directorate Changes

Molins PLC announces that Mrs Avril Palmer-Baunack is stepping down from her role as Chairman and from the Molins Board.  Mr Phil Moorhouse, currently Non-Executive Director and the Senior Independent Director, will assume the role of non-executive Chairman.  Both changes take immediate effect.

 

Avril’s decision comes as a result of her significantly increased professional commitments, in particular in her role as Executive Chairman of BCA Marketplace plc.  The Board would like to thank Avril for her leadership and contribution to the Company since 2010 and wishes her every success in her new ventures.

 

Accordingly, the Board is withdrawing the proposed Resolution 3 as set out in the Company’s Notice of Annual General Meeting (“Notice”) posted to shareholders and available to view on the Company’s website at www.molins.com/media/402968/20135_molins_ara_final.pdf.  All other resolutions set out in the Notice remain and will be put to shareholders at the meeting to be held on 24 April 2015.

 

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   
   
KTZ Communications Tel: +44 (0)20 3178 6378
Katie Tzouliadis