AEA TECHNOLOGY PLC 
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Company AEA Technology Group PLC TIDM AAT Headline AGM Statement Released 07:00 19-Sep-2012 Number 5667M07
RNS Number: 5667M
AEA Technology Group PLC
19 September 2012
At the AGM to be held today at 09.00am, Paul Golby, Chairman
will make the following statement. "Trading for the year
to date remains in line with the Board's
expectations.
Trading conditions remain challenging but good progress is,
nevertheless, being made in the implementation of the
business plan.
The recently secured additional short term funding is
allowing the Board to continue to consider all strategic
options to realise value. We have ongoing and constructive
discussions with a number of interested parties. As
previously announced, the Board does not envisage there will
be offers for the share capital of the Company.
While these discussions remain on-going, the situation
remains such that the existing level of the Group's net
debt and the level the Group retirement benefit obligations
are considerably greater than the likely value of the
Group's business as a whole. Therefore, as previously
announced, the Board remains of the view that such options
will result in little or no value for Shareholders.
The Board will provide further updates in due
course."
For further information:
Dr Paul Golby, Chairman John Lowry, Interim CEO Kevin
Higginson, CFO
IR Focus
Neville Harris Neville.Harris@irfocus.co.uk
Statements contained in this Trading Update are based on the
knowledge and information available to the Company's
directors at the date it was prepared and therefore the facts
stated and views expressed may change after that date. By
their nature, the statements concerning the risks and
uncertainties facing the Company in this Trading Update
involve uncertainty since future events and circumstances can
cause results and developments to differ materially from
those anticipated. To the extent that this Trading Update
contains any statement dealing with any time after the date
of its preparation such statement is merely predictive and
speculative as it relates to events and circumstances which
are yet to occur. The Company undertakes no obligation to
update these forward looking statements.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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