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VP. - VP News Story

880p 5.0  0.6%

Last Trade - 13/11/19

Sector
Industrials
Size
Mid Cap
Market Cap £351.3m
Enterprise Value £519.5m
Revenue £382.8m
Position in Universe 648th / 1849

Vp PLC - AGM Statement

Tue 26th July, 2016 11:45am
RNS Number : 2596F
Vp PLC
26 July 2016

Press Release

26 July 2016

Vp plc

("Vp" or the "Group")

AGM Statement

Vp plc, the equipment rental specialist, announces that at the Group's Annual General Meeting held earlier today, all resolutions put to Shareholders by the Board were duly passed.

Speaking at the Annual General Meeting, Jeremy Pilkington, Chairman, commented:

"I am pleased to report that the Group has experienced a positive start to the financial year.

In the UK, the key markets are generally performing well, with construction and housebuilding in particular generating good demand.

The International business is enjoying new contributions from the TR Group, which we acquired in April 2016, though as anticipated, the global oil and gas market continues to be challenging.

The business performance year to date is encouraging and we have not seen any impact to trading post the recent Brexit decision.

We anticipate making further good progress this year."

- Ends -

For further information:

Vp plc

Jeremy Pilkington, Chairman

Tel: +44 (0) 1423 533 400

Neil Stothard, Chief Executive

www.vpplc.com

Allison Bainbridge, Group Finance Director

Media enquiries:

Buchanan

Henry Harrison-Topham / Jane Glover

Tel: +44 (0) 20 7466 5000

Vp@buchanan.uk.com

www.buchanan.uk.com

Notes to Editors

Vp plc is a specialist rental business providing products and services to a diverse range of markets including infrastructure, construction, housebuilding and oil and gas, both in the UK and overseas.

The Group comprises a UK and an International division:

UK

Groundforce

Excavation support systems and specialist products for the water, civil engineering and construction industries primarily in the UK, but also in the Republic of Ireland and mainland Europe.

Hire Station

Tools and specialist products for industry, construction and home owners.

Torrent Trackside

Infrastructure equipment and services for the railway renewals and maintenance industry.

TPA

Portable roadway access solutions to the transmission, outdoor events, construction and utility sectors in the UK, the Republic of Ireland and mainland Europe.

UK Forks

Rough terrain material handling equipment for the housebuilding, general construction and industrial markets.

International

Airpac Bukom Oilfield Services

Equipment and service providers to the international oil and gas exploration and development markets.

TR Group

Specialist rental of test & measurement, communications and audio visual equipment to a breadth of markets including electrical, telecommunications, manufacturing, construction, defence, oil and gas, mining, and government in Australia, New Zealand and Malaysia.

Further information is available at www.vpplc.com/investors


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