SINCLAIR (WILLIAM) 
By 28 March 2014
WILLIAM SINCLAIR HOLDINGS PLC
("William Sinclair" or "the Company") AGM Statement
At the William Sinclair AGM to be held today at 11.00am at William Sinclair Horticulture Limited, Bridges Road, Ellesmere Port, Cheshire CH65 4LB the Chairman, Hugh Etheridge, will make the following statement:
"The development of Ellesmere Port has been progressing well, assisted by the £8.24 million fund raise announced on 20 December 2013. Capital expenditure and timelines at the site remain on track with the first elements of the Company's new state of the art processing equipment having already been delivered.
"The Company is pleased to confirm that it has completed on its five year term loan of £2.4 million provided by Royal Bank of Scotland. This is in addition to the working capital facility of up to £25 million, also provided by Royal Bank of Scotland, which was completed on 16 January 2014. The Company is now well funded to support its growth and new product launch plans.
"While it is still very early in the season sales for the year to date are well ahead of the comparable period in 2013. The key selling months are still to come, however the Board is encouraged that more normal conditions appear to be returning to the sector after two years of extreme weather and challenging trading."
Peter Rush, Chief Executive Tel: 01522 537 561
Peter Williams, Finance Director
Mark Way, Corporate Communications Tel: 07786 116 991
Andrew Kitchingman Tel: 0113 394 6619
Nick Field Tel: 0207 220 1658
|
distributed by
|
