Posting of Annual Report & Notice of EGM (7326F)
20 June 2012 - 4:00PM
UK Regulatory
TIDMSTT
RNS Number : 7326F
Straight PLC
20 June 2012
Date: 20 June 2012
On behalf of: Straight plc ("Straight" the "Company"
or "the Group")
For immediate
release
Straight plc
Posting of Annual Report and Notice of EGM
The Company wishes to notify that it will be posting its 2011
Annual Report to shareholders on 22 June together with a notice of
a General Meeting to be held on 19 July at 9 am. The sole purpose
of the General Meeting will be to receive the Financial Statements
for 2011 together with the Directors' Report, the Report of the
Independent Auditor and the auditable part of the Report on
Remuneration. Both the Annual Report and Notice of General Meeting
will be posted on the Company's website.
The Company also notifies that as a result of the above
timetable Resolution 1 of the Annual General Meeting scheduled for
29 June relating to receiving the Annual Financial Statements will
not be put forward at the meeting.
For further information: please contact:
Straight plc
Jonathan Straight, Chief
Executive 07977 002 366
Redleaf Polhill
Rebecca Sanders-Hewett /Jenny
Bahr 0207 566 6720
Cenkos Securities
Ivonne Cantu (Nomad) 0207 397 8980
Christian Hobart (Sales)
Notes for editors:
About Straight plc
-- Straight plc is the UK's leading manufacturer and supplier of
specialist kerbside recycling containers, as well as being a key
supplier of a broad range of waste and recycling container
solutions. Founded in 1993 by the current Chief Executive, Jonathan
Straight, the business has since supplied more than 25 million
kerbside boxes, baskets and caddies to local authorities across the
UK, securing its position as the industry leader.
-- The business operates through two divisions. The core Trade
Business supplying products in bulk to local authorities,
utilities, the waste industry, retailers and other businesses and
the Retail Business supplying a range of proprietary
environmentally friendly consumer products directly to the public,
often in partnership with a local authority or a utility.
-- In 2010 two major acquisitions changed the business model,
which previously relied on outsourced manufacture. In March 2010
Straight acquired the business and assets of the UK business of
Helesi plc giving it a proprietary position in the wheeled bin
market. This was followed in August 2010 by the acquisition of
Powell Plastics, a key supplier of injection mouldedproducts to the
group. The Powell factory, in Hull, has since been developed to
include a blow mouldingcapability.
-- In February 2009, Straight added to its portfolio with the
acquisition of Harcostar Garden Products, a long established
premium brand consisting of water butts, compost bins, watering
cans and accessories. This gained new distribution channels for the
business in the UK and in Europe.
-- In 2005, Straight acquired Blackwall Limited, the UK's
largest supplier of home composters and water butts. Through the
Blackwall brand, Straight has delivered more than 3.5 million
compost bins and water butts.
-- Almost two thirds of the products the Group supplies are now
produced in Straight's own factory.
-- Straight plc has established diverse overseas sales channels
for its products, some of which are manufactured locally to their
markets in North America and in Australia. Other markets are
serviced from UK production.
Further information about the company and its products can be
found at: www.straight.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
END
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