Adoption of Quoted Companies Alliance Corporate Governance Code
Somero Enterprises, Inc., the North American manufacturer of patented, Laser Screed®equipment that automates the process of spreading and leveling volumes of concrete for commercial flooring and other horizontal surfaces, is pleased to announce that, pursuant to AIM Rule 20, its Annual Report and Accounts for the Financial Year ending 31 December 2019 ('Annual Report') will today be posted to shareholders of record as at 13 April 2020, along with the Notice of Somero's Annual General Meeting. The Annual Report is available to be viewed on the Company's website at https://investors.somero.com/about-somero/reports-results-and-presentations/2020.
Please note, in response to the rapidly evolving COVID-19 pandemic and the dramatic increase in pressure on Somero's non-China markets, the Company provided an update on 30 March 2020 announcing the cancellation of the US$ 1.0m share buy-back, the postponement of the 30 April 2020 dividend payments, and the withdrawal of guidance for FY2020 as outlined in the 11 March 2020 final results. As a result of the change in outlook, certain views expressed in those results, including in the chairman's and chief executive's statements which are reproduced unedited in the Annual Report, are no longer reflective of the current situation. The Annual Report should therefore be read together with the 30 March 2020 update.
The Annual General Meeting of the Company will be held at 9:00 a.m. local time on 9 June 2020, at 14530 Global Parkway, Fort Myers, Florida 33913 USA and via webcast. Anyone wishing to participate via webcast can register to do so via instructions to be found no later than 26 May 2020 on the Company's website at https://investors.somero.com/.
Somero further announces that, pursuant to details provided in its Final Results announcement of 11 March 2020, it has adopted the Quoted Companies Alliance Corporate Governance Code in substitution for the UK Corporate Governance Code 2018. This substitution has taken effect as of 15 April 2020, details of which can be found here https://investors.somero.com/aim-rule-26.
Enquiries:
Somero Enterprises, Inc.
Jack Cooney, CEO
John Yuncza, CFO
Howard Hohmann, EVP Sales
www.somero.com
finnCap Ltd (NOMAD & Broker)
Matt Goode (Corporate Finance)
Carl Holmes (Corporate Finance)
Kate Bannatyne (Corporate Finance)
Tim Redfern/Richard Chambers (ECM)
+44 (0)20 7220 0500
Alma PR (Financial PR Advisor)
Rebecca Sanders-Hewett
Susie Hudson
Sam Modlin
+44 (0)20 3405 0205
somero@almapr.co.uk
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Somero Enterprise Inc. published this content on 16 April 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 April 2020 06:10:02 UTC
Somero Enterprises, Inc. designs, assembles, remanufactures, sells, and distributes concrete leveling, contouring and placing equipment, related parts and accessories, and training services around the world. Its products are machinery used in the process of horizontal concrete placement. Its product categories include Lightweight Screeds, Ride-on Laser Concrete Screeds, Boom Screeds, Skyline Stationary Laser Screeds, Materials Placement, and Software Packages. Its Lightweight Screeds include Mini Screed C and CopperHead XD 3.0. Its Ride-on Laser Concrete Screeds consist of S-485 Laser Screed and S-940 Laser Screed. Its Boom Screeds include S-28EZ Laser Screed, S-PS50 Laser Screed, and others. Its Skyline Stationary Laser Screeds consist of SkyScreed 36 (SkyStrip). Its Materials Placement includes Broom + Cure Machine, Somero LineDragon, and STS-11M Topping Spreader. Its software packaging includes 3-D Concrete Profiler System, SiteShape System, and Somero Floor Levelness System.
SOMERO ENTERPRISES, INC. 
