Business
AGM Statement
AGM Statement.
About this update from Software Circle Plc
[{"type":"text","content":"\n \nRNS Number : 9374V Grafenia plc 27 July 2018 \n\n27 July 2018\n \nGrafenia plc\n(\"Grafenia\", the \"Group\" or \"Company\")\n \nAGM STATEMENT\n \nJan Mohr, the Chairman of Grafenia plc (AIM: GRA), will deliver the following update at the Annual General Meeting (AGM) to be held at 11.30am in Liverpool today.\n \nTrading update\nIn the first quarter, trading has been in-line with our internal budgets. The pricing environment for litho print remains a challenge, particularly in our trade channels.\n \nWe've continued to expand our Nettl network both in the UK and overseas. We now have over 200 Nettl locations around the globe, with over 165 in the UK and Ireland. We're also pleased to announce that the first Nettl partner has signed in Australia.\n \nWe recently completed the acquisition of AG Signs & Print Limited and welcome Martin Baily and his team to the Grafenia family. The integration work has started. We plan to combine it with our Nettl of Exeter team and establish a new Nettl Business Superstore. We are keen to pursue further acquisitions of sign businesses around the UK.\n \nEnvironmental update\nPrinted business cards remain one of our top revenue items. Our Luxury and StarMarque spot gloss ranges are our bestsellers, both of which are matt laminated. Single-use plastics have had a lot of attention recently and we've evaluated how we can reduce our usage.\n \nFrom 1st August 2018, we are switching all laminated products to use a new bio-degradable film. This material looks and feels like traditional lamination. However, at the end of its useful life, if discarded in the environment, it naturally bio-degrades and breaks down within 2-18 months. This new Bio-laminate will be used across our entire range of business cards, folders, booklets, flyers and menus. We continue to look for other ways we can be better.\n \nWe next intend to update the market with a detailed Interim release on Monday 5th November 2018, unless we have reason to announce something sooner.\n \n \nFor further information:\n\n\n\nGrafenia plc\nPeter Gunning (CEO)\nSimon Barrell (FD)\n \n\n\n \n07973 191 632\n07850 934 204\n\n\n\n\nAllenby Capital Limited (Nominated Adviser and broker)\nVirginia Bull / Liz Kirchner / Nicholas Chambers\n\n\n \n0203 328 5656\n\n\n\n...