REG - Flowtech Fluidpower - Result of AGM

Flowtech FluidpowerAnnouncement

06/06/2018 11:15

RNS Number : 5016Q
Flowtech Fluidpower PLC
06 June 2018
 






NEWS RELEASE
Issued on behalf of Flowtech Fluidpower plc
Wednesday, 6 June 2018
Immediate Release
 
 








 
FLOWTECH FLUIDPOWER PLC
("Flowtech Fluidpower" the "Group" or "Company")
 
Results of 2018 Annual General Meeting




 
At the Annual General Meeting of the Company, held earlier today, all Resolutions proposed to shareholders were duly passed.
 
Dividend
The final dividend of 3.85 pence approved by shareholders today will be paid on 13 July 2018 to Members on the Register at the close of business on 8 June 2018.
 
 
 
Enquiries to:
Flowtech Fluidpower plc
Bryce Brooks, Chief Financial Officer & Company Secretary
Tel: +44 (0) 1695 52796
 
Zeus Capital Limited (Nominated Adviser and Broker)
Andrew Jones, Alistair Donnelly (corporate finance)
Dominic King, John Goold (sales & broking)
Tel: +44 (0) 161 831 1512
 
finnCap Limited (Joint Broker)
Ed Frisby, Kate Bannatyne (corporate finance)
Rhys Williams, Emily Morris (sales & broking)
Tel: +44 (0) 20 7220 0500
 
TooleyStreet Communications (IR and media relations)
Fiona Tooley
Tel: +44 (0) 7785 703523 or email: fiona@tooleystreet.com
 
 




About Flowtech Fluidpower plc




Founded as Flowtech in 1983, the Flowtech Fluidpower Group is the UK's leading specialist supplier of technical fluid power products.  The business joined AiM in 2014.  Today, the Group has four distinct divisions:
 




Division:


What we do:


Locations:




Flowtechnology


focus on supplying distributors and resellers of industrial MRO products, primarily serving urgent orders #rather than bulk offerings. It offers an unrivalled range of OEM and Exclusive Brand products to over 5,000 distributors and resellers.  The catalogue is recognised as the definitive source for fluid power products, containing 100,000 individual product lines and are distributed to more than 80,000 industrial MRO end users.
 


Flowtechnology Benelux (Deventer)
Flowtechnology China (Guangzhou)
Flowtechnology UK (Skelmersdale)
Indequip (Skelmersdale)
Beaumanor (Leicester)




Power Motion Control (PMC)


Specialise in the design, assembly and supply of engineering components and hydraulic systems and is further enhanced by a service and repair function.


Primary Fluid Power (Knowsley)
Nelson Hydraulics (Dublin, Lisburn, Dungannon, UK)
TSL Fluid Power (West Yorkshire)
Albroco (Knowsley)
HTL (Ludlow)
Hi-Power Hydraulics (Cork, Dublin, Belfast Manchester)
Hydroflex (Brussels, Rotterdam and OudBeijerland)
Hydraulic Equipment Supermarkets (Gloucester, Leeds, Birmingham, Durham)
Branch Hydraulic Systems (Gloucester)
HES Tractec (Gloucester)
HES Automatec (Gloucester)
HES Lubemec (Gloucester)
Derek Lane & Co (Newton Abbot, Devon)
 




Process


Focus on the supply of industrial components and solutions to the process sectors.
 


Hydravalve (Willenhall)
Orange County (Spennymoor)




Onsite Services


During 2018, the Group is extending its service offering to include Onsite Technical Maintenance
through highly skilled engineers.
 


HES Onsite (Durham, Leeds, Birmingham, Gloucester)
 
 




All four of the Group's divisions have overlapping product sets, allowing procurement synergies to be maximised.




The above divisions are supported by a centralised back office team at the Skelmersdale site and a procurement and quality control team in Shanghai.  In total, the business employs over 550 people.  For more information please visit, www.flowtechfluidpower.com







 









 




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