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RNS Number : 5357O

Northbridge Industrial Services PLC

28 May 2015

 
 For immediate release   28 May 2015 
 

Northbridge Industrial Services Plc.

("Northbridge" or the "Group")

Result of AGM and Dividend Policy

Northbridge Industrial Services plc, the industrial services and rental company, held its AGM earlier today and is pleased to report that all resolutions were duly passed.

Also at the AGM today, the Board of Northbridge confirmed their present intention, based on their current expectations of trading, of paying maintained dividends in respect of the year to 31 December 2015. This reflects the Board's confidence in the business' ability to generate strong cashflow even when net profitability is reduced. Aggregate dividends of 6.2p have been approved in respect of the year ended 31 December 2014.

For further information

 
 Northbridge Industrial Services plc              01283 531645 
 Eric Hook, Chief Executive Officer 
  Craig Robinson, Finance Director 
 Westhouse Securities Limited (Nominated              020 7601 
  Adviser and Broker)                                     6100 
 Robert Finlay/ Antonio Bossi/ Henry Willcocks 
                                                      020 7466 
 Buchanan                                                 5000 
 Charles Ryland/ Stephanie Watson 
  www.buchanan.uk.com 
 

About Northbridge:

Northbridge Industrial Services plc hires and sells specialist industrial equipment to a non-cyclical customer base. With offices or agents in the UK, US, Dubai, Belgium, Germany, France, Australia, Singapore, New Zealand, India, Brazil, Korea and Azerbaijan, Northbridge has a global customer base. This includes utility companies, the oil and gas sector, shipping, construction and the public sector. The product range includes loadbanks, transformers, and oil tools. Northbridge was admitted to AIM in 2006 since when it has recorded increased earnings and dividends based on providing a high level of service, responsiveness and flexibility to customers. It has grown by the acquisition of companies in the UK, Dubai, Azerbaijan, Australia, Belgium, Singapore and New Zealand and through investing further in those acquired companies to make them more successful. Northbridge continues to seek suitable businesses for acquisition across the world.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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