Reece PLC - Chairman's AGM Statement
19 Juli 1999 - 12:00PM
UK Regulatory
RNS No 5796r
REECE PLC
19 July 1999
AGM STATEMENT
At the Company's AGM held today, the Chairman commented that
the difficult trading conditions experienced in the second
half of last year have continued in the first half of this
year. All divisions have been affected. As a consequence,
the results for the first half of 1999 will be worse than
those reported in the first half of 1998.
Following the AGM we propose to invite a representative of
Britannia Group PLC, who own just under 30% of the Company's
issued ordinary share capital, to join the Board as a non
executive director.
END
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