AGM Statement
22 February 2007 - 2:45AM
UK Regulatory
RNS Number:6405R
Orbis PLC
21 February 2007
21 February 2007
Contact: Robert Morgan, Chairman
Michael Holmes, Chief Executive
Orbis PLC 01895 465 500
ORBIS PLC
ANNUAL GENERAL MEETING
EXTRACT FROM THE CHAIRMAN'S STATEMENT
As we stated in the Annual Report, we have completed the important phases of our
strategy to reposition the Group. In the UK, since September, we have won
several important new contracts, which we expect to mobilize in the next few
months. We have retained all of the existing contracts that came due for
re-tender since mid-summer. We continue to strengthen our UK national sales and
marketing resource and deploy our new strategy to address the social housing
regeneration market, and other commercial sectors.
In Europe, the management team continues to pursue opportunities to improve
productivity, and is also directing the sales force to maximise the
opportunities in the major regeneration projects in France and in facilities
services in Germany.
With the senior operational management teams now concentrating on turnover
growth, the Board will be focusing on a capital restructuring of the group prior
to the expiry of the current finance arrangements in July 2008.
-oOo-
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END
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