Judges Capital PLC
29 January 2008
29 January 2008
Judges Capital Plc
('Judges Capital' or the 'Company')
Pre Close Trading Statement
The Directors of Judges Capital, the scientific instruments group, are pleased
to announce a trading update in respect of the year ended 31 December 2007.
At the time of the interim results, issued on 21 September 2007, the Company
reported that second half trading had started favourably benefiting from a
strong order book, that all businesses continued to enjoy active markets and
that the Board was confident of the Group's ability to meet its targets for the
full year.
The Board is pleased to report that the Group continued to trade strongly during
the second half. Consequently, the Board anticipates that the results for the
full year ended 31 December 2007 will be in excess of current market
expectations. The Board is also pleased to report that the Company entered the
New Year with an almost doubled order book compared to the level reached at the
beginning of 2007; in the opinion of the Directors, this augurs well for 2008.
The Board recognises that, in view of the limited liquidity in the Company's
shares, the share price does not necessarily reflect the Group's favourable
prospects. Accordingly, the Board intends, in the near future, to propose a
'whitewash' resolution (per the City Code) to enable the Company to purchase its
own shares without triggering an offer for its entire share capital.
For further information please contact:
David Cicurel, CEO, Judges Capital: Tel: 01342 323 600
Alex Borrelli, Shore Capital: Tel: 020 7408 4090
Melvyn Marckus, Cardew Group: Tel: 07775 896 491
This information is provided by RNS
The company news service from the London Stock Exchange