REG - Pittards PLC - Interim Results
26/09/2022 07:00
For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220926:nRSZ5236Aa&default-theme=true
RNS Number : 5236A Pittards PLC 26 September 2022
This announcement contains inside information for the purposes of Article 7 of
the UK version of Regulation (EU) No 596/2014 which is part of UK law by
virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon
the publication of this announcement via a Regulatory Information Service,
this inside information is now considered to be in the public domain.
Pittards plc
("Pittards", the "Group" or the "Company" )
Interim results for the six months ended 30 June 2022
("First Half" or "H1 2022")
Positive trading momentum maintained
Continued growth in revenue and profitability, stable order book
Interim Dividend declared
Pittards plc, the specialist producer of technically advanced leather and
luxury leather goods for retailers, manufacturers and distributors, today
announces its interim results for the six month ended 30 June 2022.
Commenting on the results, Chairman, Stephen Yapp, said:
"I am pleased to report a solid performance in the First Half with
profitability and EBITDA consistent with the achievement of market
expectations for the year as a whole. This has been achieved against the
backdrop of a turbulent global trading environment including inflation,
increasing energy costs and supply chain reliability challenges. The whole
team has responded with vigour and flexibility, and I thank them for their
efforts."
"The Directors are pleased to declare an interim dividend of 0.5p per share,
which we plan to pay in January 2023."
Highlights: Financial
· Group revenues up 7% to £10.37m (H1 2021: £9.66m)
· Gross margin of 30% (H1 2021: 28%)
· EBITDA of £0.83m positive (H1 2021: £0.75m) an 11% improvement
· Profit before taxation up 31% to £0.34m (H1 2021: £0.26m)
· Net debt of £11.18 (H1 2021: £10:04m)
· Earnings per share (basic) up 63% to 2.54 pence (H1 2021: 1.55 pence)
· Interim dividend declared of 0.5 pence per share (H1 2021: 0.5 pence
per share)
Highlights: Operational
· Continued strengthening of the management team
· Sales order book continues to be steady
· Acquisition of Hill and Friends adds another luxury brand to portfolio
· A diversified portfolio of products and markets enabling future growth
opportunities
· Ethiopian business steadily recovering post COVID-19
Commenting on the outlook for the Full Year, Reg Hankey, Chief Executive said:
"The Group is continuing to make good progress implementing its strategy. The
global inflationary climate and complexity of supply chains, together with the
current energy crisis, is making the trading environment more challenging. The
close management of cash remains a priority under these circumstances."
"We continue to see more opportunities than risk in the current climate and
are cautiously optimistic looking forward. Our investment in staff and the
strengthening of our management form a solid foundation for sustained growth
and the delivery of strategic opportunities. Whilst the global economic and
geo-political environment remains challenging, I am proud of our staff's
dedication and commitment which reflects our heritage of 200 years."
For further information, please contact:
Pittards plc www.pittards.com
(https://url.avanan.click/v2/___https:/urldefense.proofpoint.com/v2/url?u=http-3A__www.pittards.com&d=DwMFAw&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=7Um2a7LLyUH5SxHgl6zdagatUzGQxXwYgU_CeVAgL9Q&m=dcxSX44rdBUfn6sOWMPfQnBnCJtou4u4IKqv6fz9X7A&s=rFM_1ZGKBHfxhkHpVSXLSt0x8mI_pHwBTYmsp
-PFAYY&e=___.YXAxZTp3aGlyZWxhbmRwbGMyOmE6bzo0Y2UwZTIwNGM5YWVlMmJlOTIzMmFjMmE5ZjllMWU2OTo1OjRmZjI6YmY3ZjYxYThjZWYwZGIzMjMyZTFiNDQxNDgxODU3YmU2N2M1YTA2NzRkMDlhN2YxY2U3YWI0M2FmOWJlMWVmNDpoOk4)
Stephen Yapp, Chairman +44 (0) 1935 474 321
Reg Hankey, CEO
Alan Burgess, Group Finance Director
WH Ireland Limited www.whirelandcb.com
(https://url.avanan.click/v2/___https:/urldefense.proofpoint.com/v2/url?u=http-3A__www.whirelandcb.com&d=DwMFAw&c=euGZstcaTDllvimEN8b7jXrwqOf
-v5A_CdpgnVfiiMM&r=7Um2a7LLyUH5SxHgl6zdagatUzGQxXwYgU_CeVAgL9Q&m=dcxSX44rdBUfn6sOWMPfQnBnCJtou4u4IKqv6fz9X7A&s=uwWmqYjtNZPcS8QukoDxtHweFZxHlswL4tFk_in3gJE&e=___.YXAxZTp3aGlyZWxhbmRwbGMyOmE6bzo0Y2UwZTIwNGM5YWVlMmJlOTIzMmFjMmE5ZjllMWU2OTo1OmU3YmQ6YjdjOTRlOTZiODg5ZGUyMmUwYjUxMTdkZWQzNjRiMDViODM2MzEzMjBmZGQ3ODMyMmIyZThlYzg4ZDE1NDIzODpoOk4)
Mike Coe, Sarah Mather +44 (0)20 7220 1666
Walbrook PR pittards@walbrookpr.com
Paul Vann, Joe Walker +44 (0)20 7933 8780/ +44 (0)7768 807631
Chief Executive Officer's report
Overview
We have delivered against our key objectives in H1 2022, with solid financial
results and clear strategic progress made.
The Group performed well in the First Half, with sales revenue of £10.4m, an
increase of 7% compared to H1 2021 and a 4% rise compared to H2 2021. PBT at
£0.34m also improved over H1 2021 (£0.26m) and (H2 2021: -£0.16m).
This performance has been delivered against a backdrop of macroeconomic
trading conditions that are very complex, particularly the unreliability of
supply of materials into our businesses, together with increasing costs,
requiring us to adjust processes and plans continuously.
Our agile and responsive team approach is well adapted to adjust to these
challenging conditions, and we are nurturing many new opportunities, building
upon our strategy which is serving us well.
90% of our sales revenue was from export markets and 80% of this revenue was
denominated in $USD. The continued strengthening of the $USD will be
beneficial to our business in the medium term, but as reported in our full
year 2021 accounts we have a hedging policy in place which protects the
downside of currency appreciations but also delays the benefits of sterling
weakness.
The current inflationary climate is predominantly driven by energy and
shipping costs effecting businesses globally and as such we have been able to
hold or increase selling prices generally. Some local inflation is directly
related to the weakness of the pound which will have some affect upon us until
the increased revenue from sales comes through post hedging.
Our inventory value has increased during the First Half as replacement costs
of materials have been higher than older stock. However, overall, our older
stocks and the overall volume of stock has reduced.
Net debt has increased marginally but is mitigated by inventory, capital
expenditure, and movement in receivables and trade payables.
Our businesses in Ethiopia remain fully open and our shoe and glove production
continues to develop. The effects of COVID19 have eased although local
economic challenges have resulted in limited access to hard currency. We
have been able to adjust our business model in order to mitigate this. Our
investment in Ethiopia is helping to counter the global pressures on energy
costs, as most of Ethiopia's power generation is from hydroelectric green
power.
Our consumer product range in the UK continues to develop with growing
third-party opportunities, as well as for our own brands. We have delivered
further organic growth and announced the acquisition of Hill and Friends, a
luxury consumer brand to add to our growing portfolio of brands. This will
support us in our planned development.
Sustainability underpins everything we do and is embedded in all aspects of
our decision making.
We have been able to continue recruiting, retaining, and developing our staff
base in support of our strategic plan.
Our sales order book has remained strong across both our core and new market
sectors.
Key performance indicators 2022
First half 2022 v First half 2022 v
Second half 2021 First half 2021
2022 2021 Change 2022 2021
H1 H2 H1 H1 Change
£m £m £m
£m
Revenue 10.37 9.96 0.41 10.37 9.66
0.71
Gross profit 3.09 2.76 0.33 3.09 2.69
0.40
Gross margin 30% 28% 2% 30% 28%
2%
Profit / (Loss) before tax 0.34 0.16 0.18 0.34 0.26
0.08
EBITDA 0.83 0.66 0.17 0.83 0.75
0.08
Net assets 12.58 13.80 (1.23) 12.58 13.56
(0.98)
Inventory 16.06 15.32 0.74 16.06 14.97
1.09
Net debt 11.18 10.69 (0.49) 11.18 10.04
(1.14)
Net debt adjusted for treasury shares held 10.58 10.29 0.29 10.58
9.54 (1.04)
Gearing
· Group 89% 78% (11%) 89%
74% (15%)
· UK 55% 59% 4% 55%
49% (6%)
Staff numbers 1,095 1,108 (13) 1,095
1,125 (30)
Basic earnings per share (in pence) 2.54 2.12 0.42 2.54
1.55 0.99
Net Asset per share (in pence) 97.12 101.92 (4.80) 97.12
104.64 (7.52)
Dividend
The Directors are declaring an interim dividend of 0.5 pence pe ordinary share
in the capital of the Company, to be paid on 12 January 2023 to shareholders
on the register at the close of business on Friday 16 December 2022. The
shares will go ex-dividend on Thursday 15 December 2022.
Outlook
The Group continues to make good progress with its strategy. The global
inflationary climate and complexity of supply chains, together with the
current energy crisis, is making the trading environment more challenging. The
close management of cash remains a priority under these circumstances.
We continue to see more opportunities than risk in the current climate and are
cautiously optimistic looking forward. Our investment in staff and the
strengthening of our management will form a solid foundation for sustained
growth and the delivery of strategic opportunities.
Group Finance Director's report
Overview
Pittards performed very well in the First Half, with like for like growth of
7% compared to H1 2021 and revenue increased by 4% compared with H2 2021,
approaching pre-COVID-19 levels. The financial strength of the Group reflects
the benefits of the actions we took during the pandemic and a positive
customer reaction to the Group's products and strategy.
Our careful planning and agile supply chains have enabled us to mitigate some
of the difficulties in global logistics, utilising the vertical integration
within the Group.
Profitability
Profit before tax in the First Half was £0.34m, improving on the £0.16m
achieved in H2 2021. This was due to increases in volume combined with tight
cost control. Gross margin increased to 30% (H1 2021: 28%), with EBITDA
increased to £0.83m (H1 2021: £0.75m) an improvement of 11%.
Financial support and banking facilities
We have not sought any additional lending throughout the First Half and
banking facilities remained sufficient to support planned growth.
Cost control and productivity
Headcount has stabilised at 1,095 as of 30 June 2022 (H1 2021: 1,125).
Assets and currency
At the end of the First Half, net assets stood at £12.58m (H2 2021:
£13.80m). The reduction is predominantly due to the fair value of our hedging
strategy, as of 30 June 2022, as a result of the weakening pound. Net debt
increased by £0.49m to £11.18m (H2 2021: £10.69m). Our forward currency
hedging strategy continues to the end of FY 2023 on a reducing percentage
cover basis.
Energy costs
Escalating energy costs remain a challenge although we have some hedging in
place which will help to mitigate energy cost increases.
Working capital
Inventory levels increased to £16.06m (H2 2021: £15.32m). Despite a value
increase in inventory, we have seen an overall reduction in the total amount
of inventory held. Due to higher input costs, we estimate that inventory
will continue to increase in value per sq ft.
Net working capital remains steady at £14.75m (H2 2021: £14.79m), although
this is affected by the recognition, at the half year, of USD forward hedging
contracts. As a result of the progressive weakness of sterling, the fair value
loss on future contracts is H1 2022: negative £0.934m (H2 2021: negative
£0.381m). In the fulness of time the extra revenue generated from the
conversion of $USD sales will offset this.
Gearing
Group gearing was 89% (H2 2021: 78%), with UK gearing within covenant levels
at 55% (H2 2021: 59%).
Consolidated Income Statement Six months ended Six months ended Year ended
for the six months ended 30 June 2022 30/06/2022 30/06/2021 31/12/2021
Unaudited Unaudited Audited
£'000 £'000 £'000
Note
Revenue 10,370 9,659 19,655
Cost of sales (7,280) (6,965) (14,198)
Gross profit 3,090 2,694 5,457
Distribution costs (910) (804) (1,631)
Currency gains / (losses) (108) 195 266
Administrative expenses (1,452) (1,582) (3,176)
Profit / (Loss) before operations and finance costs 620 503 916
Finance costs (283) (239) (459)
Profit / (Loss) before taxation 337 264 457
Taxation 3 (9) (63) (182)
Profit / (Loss) after taxation 328 201 275
Earnings per share 2
Basic 2.54p 1.55p 2.12p
Diluted 2.54p 1.55p 2.12p
Consolidated Statement of Comprehensive Income
for the six months ended 30 June 2022
Six months ended Six months ended Year ended
30/06/2022 30/06/2021 31/12/2021
Unaudited Unaudited Audited
£'000 £'000 £'000
Profit / (Loss) for the period after taxation 328 201 275
Other comprehensive (expense)/income
Revaluation of land and buildings - 185 453
Revaluation of land and buildings - unrealised exchange (loss) 135 (372) (517)
135 (187) (64)
Unrealised exchange (loss) on translation of overseas subsidiaries (26) (254) (551)
Fair value (losses) on foreign currency cash flow hedges (934) (84) (381)
(960) (338) (932)
Other comprehensive (loss) (825) (525) (996)
Total comprehensive (loss) for the period (497) (324) (721)
Six months ended
Six months ended
Year ended
for the six months ended 30 June 2022
30/06/2022
30/06/2021
31/12/2021
Unaudited
Unaudited
Audited
Note
£'000
£'000
£'000
Revenue
10,370
9,659
19,655
Cost of sales
(7,280)
(6,965)
(14,198)
Gross profit
3,090
2,694
5,457
Distribution costs
(910)
(804)
(1,631)
Currency gains / (losses)
(108)
195
266
Administrative expenses
(1,452)
(1,582)
(3,176)
Profit / (Loss) before operations and finance costs
620
503
916
Finance costs
(283)
(239)
(459)
Profit / (Loss) before taxation
337
264
457
Taxation
3
(9)
(63)
(182)
Profit / (Loss) after taxation
328
201
275
Earnings per share
2
Basic
2.54p
1.55p
2.12p
Diluted
2.54p
1.55p
2.12p
Consolidated Statement of Comprehensive Income
for the six months ended 30 June 2022
Six months ended
Six months ended
Year ended
30/06/2022
30/06/2021
31/12/2021
Unaudited
Unaudited
Audited
£'000
£'000
£'000
Profit / (Loss) for the period after taxation
328
201
275
Other comprehensive (expense)/income
Revaluation of land and buildings
-
185
453
Revaluation of land and buildings - unrealised exchange (loss)
135
(372)
(517)
135
(187)
(64)
Unrealised exchange (loss) on translation of overseas subsidiaries
(26)
(254)
(551)
Fair value (losses) on foreign currency cash flow hedges
(934)
(84)
(381)
(960)
(338)
(932)
Other comprehensive (loss)
(825)
(525)
(996)
Total comprehensive (loss) for the period
(497)
(324)
(721)
Consolidated balance sheet as at 30 June 2021 Six months ended 30/06/2022 Unaudited Six months ended 30/06/2021 Unaudited Year ended 31/12/2021 Audited
Note
£'000 £'000 £'000
Assets
Non-current assets
Property, plant, and equipment 9,792 9,796 9,700
Intangible assets 55 72 63
Deferred tax asset 4 100 100 100
Total non-current assets 9,947 9,968 9,863
Current assets
Inventories 16,060 14,966 15,316
Trade and other receivables 3,379 3,111 3,304
Cash and cash equivalents 71 161 51
Total current assets 19,510 18,238 18,671
Total assets 29,457 28,206 28,534
Liabilities
Current liabilities
Trade and other payables 4,688 3,690 3,830
Interest bearing loans, borrowings, and overdrafts 8,573 7,489 7,783
Total current liabilities 13,261 11,179 11,613
Non-current liabilities
Deferred tax liability 4 939 758 900
Interest bearing loans, borrowings, and overdrafts 2,682 2,714 2,955
Total non-current liabilities 3,621 3,472 3,855
Total liabilities 16,882 14,651 15,468
Net assets 12,575 13,555 13,066
Equity
Share capital 6,944 6,944 6,944
Share premium 2,984 2,984 2,984
Capital reserve 6,475 6,475 6,475
Own Share Reserve (379) (355) (375)
Share based payment reserve 62 59 56
Cash flow hedge reserve (1,022) 209 (88)
Translation reserve (5,499) (5,176) (5,473)
Revaluation reserve 1,170 912 1,035
Retained earnings 1,840 1,503 1,508
Total equity 12,575 13,555 13,066
Consolidated Statement of Changes in Equity
for the six months ended 30 June 2022
Share capital Share premium Capital Reserve Own share reserve Share based payment reserve Cash flow hedge reserve Translation reserve Revaluation reserve Retained Earnings Total Equity
£'000 £'000 £'000 £'000 £'000 £'000 £'000 £'000 £'000 £'000
As at 1 January 2021 6,944 2,984 6,475 (850) 47 293 (4,922) 1,099 1,788 13,858
Comprehensive income/(loss) for the year:
Profit for the period after taxation - - - - - - - - 201 201
Other comprehensive income/(loss):
Unrealised exchange gain/(loss) on translation of foreign subsidiaries - - - - - - (254) (372) - (626)
Fair value losses on foreign currency cash flow hedges - - - - - (84) - - - (84)
Total other comprehensive income/(loss) - - - - - (84) (254) (372) 201 (324)
Total comprehensive income/(loss) for the year - - - - - (84) (254) (372) 201 (324)
ESOP scheme closed - - - 495 - - - - (486) 9
As at 30 June 2021 6,944 2,984 6,475 (355) 59 209 (5,176) 727 1,503 13,358
Comprehensive income/(loss) for the year:
Other comprehensive income/(loss):
Gain on the revaluation of buildings - - - - - - - 453 74 527
Unrealised exchange gain/(loss) on translation of foreign subsidiaries - - - - - - (297) (145) - (442)
Fair value losses on foreign currency cash flow hedges - - - - - (297) - - - (297)
Total other comprehensive income/(loss) - - - - - (297) (297) 308 74 (212)
Total comprehensive (loss) for the year - - - - - (297) (297) 308 74 (212)
Purchase of own shares - - - (20) - - - - (4) (24)
Share-based payment expense - - - - 9 - - - - 9
Dividends paid - - - - - - - - (65) (65)
As at 31 December 2021 6,944 2,984 6,475 (375) 56 (88) (5,473) 1,035 1,508 13,066
Comprehensive income/(loss) for the year:
Profit for the period after taxation - - - - - - - - 328 328
Other comprehensive income/(loss):
Gain on the revaluation of buildings - - - - - - - - - -
Unrealised exchange gain/(loss) on translation of foreign subsidiaries - - - - - - (26) 135 - 109
Fair value losses on foreign currency cash flow hedges - - - - - (934) - - - (934)
Total other comprehensive (loss) - - - - - (934) (26) 135 - (825)
Total comprehensive (loss) for the period - - - - - (934) (26) 135 328 (497)
Share-based payment expense - - - - 6 - - - - 6
As at 30 June 2022 6,944 2,984 6,475 (375) 62 (1,022) (5,499) 1,170 1,836 12,575
Statement of cashflows for the period ended 30 June 2022 Six months ended Six months ended Year ended
30/06/2022 30/06/2021 31/12/2021
Unaudited Unaudited Audited
Note £'000 £'000 £'000
Cash flows from operating activities
Cash generated from / (used in) operations 5 (204) 978 181
Tax (paid) - (83) (83)
Interest (paid) (283) (256) (447)
Net cash generated from / (used in) operating activities (487) 639 (349)
Cash flows from investing activities
Purchases of property, plant, and equipment (128) (828) (372)
Purchases of intangible assets (1) (12) (11)
Proceeds from sale of plant - 44 42
Net cash (used) in investing activities (129) (796) (341)
Cash flows from financing activities
Proceeds from borrowings - - -
Repayment of bank loans (200) (481) (733)
Repayment of obligations under finance leases - (21) (21)
Payment of equity dividends - - (65)
Purchase of own ordinary shares - - (20)
Net cash (used) / generated in financing activities (200) (502) (839)
(Decrease) / Increase in cash and cash equivalents (816) (659) (1,529)
Cash and cash equivalents at beginning of year (6,060) (5,077) (5,077)
Exchange gains/(losses) on cash and cash equivalents (41) 41 238
Cash and cash equivalents at end of year (6,917) (5,695) (6,368)
Note 1 - Basis of preparation
The financial information set out in the interim statements for the six months
ended 30 June 2022 and the comparative figures are unaudited and do not
constitute statutory accounts as defined in section 434 of the Companies Act
2006. As permitted, this interim report has been prepared in accordance with
UK AIM listing rules and not in accordance with IAS 34 Interim Financial
Reporting, therefore it is not fully in compliance with International
Financial Reporting Standards (IFRS).
The financial information for the full preceding year is extracted from the
statutory accounts for the financial year ended 31 December 2021. Those
accounts, upon which the auditor issued an unqualified opinion, have been
delivered to the Registrar of Companies. The auditor's report did not contain
a statement under section 498(2) or (3) of the Companies Act 2006.
These financial statements have been prepared using the same accounting
policies and methods of computation as the most recent statutory accounts for
the financial year ended 31 December 2021.
These financial statements are presented in sterling, being the functional
currency of the primary economic environment in which the Group operates.
Pittards plc is a public limited company incorporated and domiciled under the
Companies Act 2006 in England. It is quoted on the Alternative Investment
Market ("AIM").
The directors approved and authorised the interim statement for issue on 23
September 2022.
Note 2 - Earnings per share
Basic earnings per share is calculated by dividing the profit attributable to
equity holders of the company by the weighted average number of ordinary
shares in issue during the year excluding the shares held in treasury.
a) Basic earnings per share Six months ended Six months ended Year ended
30/06/22 30/06/21 31/12/21
Earnings per share Unaudited Unaudited Audited
Basic 2.54p 1.55p 2.12p
Weighted average number of ordinary shares in issue (000) 12,914 12,954 12,946
b) Diluted earnings per share Six months ended Six months ended Year ended
30/06/22 30/06/21 31/12/21
Earnings per share Unaudited Unaudited Audited
Diluted 2.54p 1.55p 2.12p
Weighted average number of ordinary shares in issue (000) 12,914 12,954 12,946
Note 3 - Taxation Six months ended Six months ended Year ended
30/06/22 30/06/21 31/12/21
Unaudited Unaudited Audited
Analysis of the charge in the period
The charge based on the profit for the period comprises:
Foreign tax on profit for the period 9 63 10
Foreign tax related to prior years - - 148
Total current tax 9 63 158
Deferred tax
Origination and reversal of temporary differences - - 24
Total deferred tax - - 24
Income tax charge 9 63 182
Note 4 Deferred taxation Six months ended Six months ended Year ended
30/06/22 30/06/21 31/12/21
Unaudited Unaudited Audited
Deferred tax asset 100 100 100
Deferred tax (liabilities) (939) (758) (900)
Deferred tax (liabilities) - net (839) (658) (800)
Note 5 - Cash generated / (used) in operations Six months ended Six months ended Year ended
30/06/2022 30/06/2021 31/12/2021
Unaudited Unaudited Audited
£'000 £'000 £'000
Profit / (Loss) before taxation 337 264 457
Adjustments for:
Depreciation of property, plant, and equipment 197 234 475
Amortisation of intangibles 9 15 23
Bank and other interest charges 189 256 447
Share based payment expense 6 12 9
Other non-cash items in Income Statement (159) (135) (556)
Operating cash flows before movement in working capital 579 646 855
Movements in working capital (excluding exchange differences on
consolidation):
(Increase) / Decrease in inventories (597) (91) (1,100)
(Increase) / Reduction in receivables (75) (378) (507)
Increase / (Reduction) in payables (111) 801 933
Cash generated / (used) in operations (204) 978 181
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END IR DZGZLVFLGZZMRecent news on Pittards
See all newsREG - AIM Pittards PLC - Cancellation - PITTARDS PLC
AnnouncementREG - Pittards PLC - Administrators Appointment and NOMAD Resignation
AnnouncementREG - Pittards PLC - Intention to Appoint Administrators
AnnouncementREG - Pittards PLC - Clarification regarding Administrators
AnnouncementREG - FTSE Russell Pittards PLC - Pittards
Announcement