MAN Manroy

TIDMMAN

RNS Number : 7951Y

Manroy PLC

27 February 2013

27 February 2013

MANROY PLC

Result of Annual General Meeting held on 27 February 2013

Manroy Plc ("Manroy" or "the Company") is pleased to announce the result of its Annual General Meeting held earlier today. Each of the seven resolutions considered at the meeting, details of which are set out on pages 70 to 71 of the Financial Statements of the Company for the year ended 30 September 2012, were approved.

At the Annual General Meeting, Glyn Bottomley, Chief Executive, gave an update to shareholders on the performance of MUSA and informed them that the current order book had increased from US$13.2m to US$14.0m.

Ends.

Contacts:

For further information please contact:

   Manroy Plc                                                     Tel: 01252 874 177 

Glyn Bottomley, Chief Executive

Paul Carter, Finance Director

   Allenby Capital                                              Tel: 020 3328 5656 

Mark Connelly

Alex Price

   Bankside Consultants                                   Tel: 020 7367 8888 

Richard Pearson

Simon Rothschild

Notes to Editors:

1. Manroy is a UK based defence contractor specialising in the supply of weapon systems for land, air and maritime applications.

2. A key Ministry of Defence supplier for 26 years, Manroy designs, manufactures, supplies and supports:

   --    the 12.7mm M2 Heavy Machine Gun ("HMG"), also known as the 0.50" calibre HMG; 
   --    the 7.62mm General Purpose Machine Gun ("GPMG"); 
   --    HMG Quick Change Barrel kits; 
   --    a range of turret products for armoured fighting vehicles; 
   --    weapon tripods and weapon mounting systems 

3. Production of the HMG, along with support and spares is Manroy's core area of operation. In recent years Manroy has increasingly focused on the export market and diversification of its customer base into new territories.

4. Manroy owns 49% of North Carolina based Manroy USA ("MUSA"), a defence supplier to both military and civilian agencies.

   5.   MUSA manufactures a range of weapons systems and ancillary products, including: 
   --    The M2 HMG 
   --    M2 HMG Quick Change Barrel kits 
   --    Barrel manufacturing for both the military and commercial markets 
   --    M16 and M4 military rifles 
   --    Electronic boresights 
   --    Mounting systems 
   --    Commercial rifles and parts 

6. MUSA's acquisition of the business and assets of Sabre Industries in March 2011 enhanced its penetration of the US market.

7. In April 2012, $10.4m (GBP6.6m) of Sabre's contracts with the US Department of Defense were successfully novated to MUSA.

The Group adheres strictly to UK legislation concerning the sale of weapons to foreign countries. Manroy's overseas sales are undertaken in adherence to UK Government regulations and approvals. Such sales are only undertaken after all appropriate UK Government licenses have been granted.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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