Grafenia plc AGM Statement (9374V)
27 July 2018 - 4:00PM
UK Regulatory
TIDMGRA
RNS Number : 9374V
Grafenia plc
27 July 2018
27 July 2018
Grafenia plc
("Grafenia", the "Group" or "Company")
AGM STATEMENT
Jan Mohr, the Chairman of Grafenia plc (AIM: GRA), will deliver
the following update at the Annual General Meeting (AGM) to be held
at 11.30am in Liverpool today.
Trading update
In the first quarter, trading has been in-line with our internal
budgets. The pricing environment for litho print remains a
challenge, particularly in our trade channels.
We've continued to expand our Nettl network both in the UK and
overseas. We now have over 200 Nettl locations around the globe,
with over 165 in the UK and Ireland. We're also pleased to announce
that the first Nettl partner has signed in Australia.
We recently completed the acquisition of AG Signs & Print
Limited and welcome Martin Baily and his team to the Grafenia
family. The integration work has started. We plan to combine it
with our Nettl of Exeter team and establish a new Nettl Business
Superstore. We are keen to pursue further acquisitions of sign
businesses around the UK.
Environmental update
Printed business cards remain one of our top revenue items. Our
Luxury and StarMarque spot gloss ranges are our bestsellers, both
of which are matt laminated. Single-use plastics have had a lot of
attention recently and we've evaluated how we can reduce our
usage.
From 1(st) August 2018, we are switching all laminated products
to use a new bio-degradable film. This material looks and feels
like traditional lamination. However, at the end of its useful
life, if discarded in the environment, it naturally bio-degrades
and breaks down within 2-18 months. This new Bio-laminate will be
used across our entire range of business cards, folders, booklets,
flyers and menus. We continue to look for other ways we can be
better.
We next intend to update the market with a detailed Interim
release on Monday 5th November 2018, unless we have reason to
announce something sooner.
For further information:
Grafenia plc
Peter Gunning (CEO) 07973 191 632
Simon Barrell (FD) 07850 934 204
Allenby Capital Limited (Nominated
Adviser and broker)
Virginia Bull / Liz Kirchner / Nicholas
Chambers 0203 328 5656
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END
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