Business
Result of AGM & Statement
Result of AGM & Statement.
About this update from Eleco Plc
[{"type":"text","content":"\n \nRNS Number : 8559H Eleco PLC 26 June 2013 \n\n \nFor release on 26 June 2013\n \n \nEleco plc\n(\"Eleco\" or the \"Group\")\nThe Construction Software and Building Systems Group\n \nResult of AGM & Statement\n \nEleco plc announces that at the Annual General Meeting (\"AGM\") of the Group, held yesterday, all resolutions were duly passed. \n \nExecutive Chairman, John Ketteley, makes the following statement:\n \n\"As I reported in the Group's results, which were announced on 15 May, 2013 the past five years have seen our UK and international software interests make good progress and grow substantially both in value and cash generation. However, our UK building systems businesses experienced difficult trading and have consumed substantial cash resources. I observed that this had unbalanced the Group and placed it under considerable financial strain.\n \nAs a result, your Board has had to take a number of difficult decisions to deal with this situation, and I am pleased to say that a number of our recent actions are beginning to bear fruit, and as a consequence, in the absence of unforeseen circumstances we are becoming increasingly confident that Eleco will arrive at a position from which it should be able to make a full recovery. \n \nThe Group is represented by ElecoBuild© and ElecoSoft©. ElecoBuild© is now wholly focused on our two precast concrete manufacturing businesses, Bell & Webster Concrete Ltd and Milbury Systems Ltd, under the ElecoPrecast© banner. ElecoSoft©, our profitable international construction software businesses, operates from Sweden, Germany and the United Kingdom\". \n \nFor further information please contact:\n\n\n\n\nEleco plc\n\n\n0207 422 0044 \n\n\n\n\nJohn Ketteley, Executive Chairman\n\n\nhttp://www.eleco.com\n\n\n\n\nMatthew Turner, Group Finance Director\n\n\n\n\n\n\n\nPeckwater PR - Tarquin Edwards\n\n\n0207 808 7340\n\n\n\n\nCenkos Securities plc - Adrian Hargrave\n\n\n0207 397 8900\n\n\n\n\n \n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCLLFLARRIEFIV\n ","length":4442,"tagName":"div"}]