NGR Nature Grp

TIDMNGR

RNS Number : 2887J

Nature Group PLC

27 June 2017

Nature Group PLC

("Nature Group" or the "Company" or the "Group")

AGM Statement

At the Annual General Meeting of Nature Group PLC (AIM:NGR) to be held later today, Berend van Straten, Chairman of the Company, will make the following statement:

"As set out in our annual report and accounts for the year ended 31 December 2016, the Company has been working hard to improve the efficiency of its business and to meet the demands of the challenging market in which it operates. The recent delay to a significant Oil & Gas contract, as announced on 15 June 2017, and the absence of new contracts in this division, is further evidence of the difficulties that the Company will continue to face as it endeavours to improve the performance of its existing operations and to widen its product offerings.

As outlined in the final results announcement of 31 May 2017, the Board is closely monitoring the cash position of each of its entities. The Company continues to pursue opportunities but, in the absence of additional material contracts in the short term, the cash position of the Group will continue to deteriorate and it is expected that external financing may be required. Therefore, as well as immediately implementing further reduction in operational cost as well as the Group overhead, the Board is also exploring opportunities to strengthen its balance sheet and the financial position of the Company."

For further information:

 
 Nature Group PLC 
 Jan Vesseur, CEO      Tel: +31 6462 878 96 
 Maarten Smits,        Tel: +31 6138 207 80 
  CFO 
 Berend van Straten,   Tel: +31 6268 056 05 
  Chairman 
 
 Cenkos Securities 
  plc 
 Neil McDonald         Tel: +44 (0)131 220 9771 / 
                        +44 (0)207 397 1953 
 Beth McKiernan        Tel: +44 (0)131 220 9778 / 
                        +44 (0)207 397 1950 
 Nick Tulloch          Tel: +44 (0)131 220 9772 
 

Notes to Editors

About Nature Group

Nature Group combines port reception services and facilities, offshore treatment services and the latest sustainable waste treatment technologies in a steadily growing global network. Nature Group is traded on the AIM market, (ticker: NGR). www.ngrp.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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June 27, 2017 05:11 ET (09:11 GMT)

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