REG-PHSC Plc: AGM Statement

PHSCAnnouncement

30/09/2019 07:05

30 September 2019

PHSC PLC

AGM Statement

PHSC plc ( “the Group”), a leading provider of health, safety, hygiene and
environmental consultancy services and security solutions to the public and
private sectors, is holding its Annual General Meeting at 10.00 a.m. today at
The Old Church, 31 Rochester Road, Aylesford, Kent ME20 7PR.  At the meeting,
the Group Chief Executive, Stephen King, will make the following statement:

“Management accounts are now available for the five months to the end of
August 2019. These figures, which are unaudited and subject to amendment, show
total Group revenues of £1.79 million and EBITDA of £126,700.  At the same
point in the previous year, EBITDA of £107,400 had been generated from
revenues of £2.4 million.  The decrease in revenues is attributable to the
reduced sales of security systems and accessories to the retail sector by our
B2BSG Solutions subsidiary.  The increase in earnings is a reflection of
lower overheads within the Group and premises-related savings, now that
subsidiaries are consolidated into four operational premises compared with the
seven premises at this point in 2018.

The cash position remains strong at £613,000 as at 27 September 2019.  Last
year we reduced our banking facility with HSBC to £150,000 and this has
remained unused to date.

We expect to announce our unaudited interim results for the period to 30
September 2019 in early December 2019, together with detailed commentary on
individual subsidiary performances.”

For further information please contact:

PHSC plc

Stephen
King                                                                                    
01622 717 700

Stephen.king@phsc.co.uk

www.phsc.plc.uk

Strand Hanson Limited (Nominated
Adviser)                     020 7409 3494

Richard Tulloch/Eric Allan

Novum Securities Limited
(Broker)                                        
020 7399 9427

Colin Rowbury

About PHSC

PHSC plc, through its trading subsidiaries Personnel Health & Safety
Consultants Ltd, RSA Environmental Health Ltd, QCS International Ltd,
Inspection Services (UK) Ltd and Quality Leisure Management Ltd, provides a
range of health, safety, hygiene, environmental and quality systems
consultancy and training services to organisations across the UK. B2BSG
Systems Ltd offer innovative security solutions including tagging, labelling
and CCTV.

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014 ("MAR").



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