REG - Assoc British Enging - Trading Statement <Origin Href="QuoteRef">ASBE.L</Origin>

Associated British EngineeringAnnouncement

29/09/2015 11:00

RNS Number : 4781A
Associated British Engineering PLC
29 September 2015
29th September, 2015
EMBARGOED UNTIL 11.00 AM ON 29TH SEPTEMBER 2015.
ASSOCIATED BRITISH ENGINEERING PLC
The 2015 - 16 year has not started well and the subsidiary British Polar Engines has continued to experience reduced sales especially from the oil sector. The Board of British Polar Engines Limited conducted a review of the operations and the structure. Jim Duncan the operations director and a managing director has resigned and Bill Girdwood has become sole managing director. The Board is making an assessment of the market place and is likely to conclude that, despite the drop in oil prices and the slow down in the North Sea, there are still market opportunities for the company to explore further.
Colin Weinberg
Rupert Pearce Gould
Directors
Colin Weinberg, Associated British Engineering PLC 07836 588504
Rupert Pearce Gould, Associated British Engineering PLC 07836 701930
Peter Morton, Associated British Engineering PLC 01223 260022

This information is provided by RNS
The company news service from the London Stock Exchange
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