EPWIN GROUP PLC — Board/Management Information 2015

Feb 2, 2015

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RNS Number : 6948D

Epwin Group PLC

02 February 2015

Epwin Group Plc

("Epwin" or the "Company")

Year End Trading Update and Board Changes

Epwin Group Plc (AIM: EPWN) ("Epwin" or the "Group"), the vertically integrated manufacturer of extrusions, mouldings and fabricated low maintenance building products, supplying the Repair, Maintenance and Improvement ("RMI"), new build property and social housing sectors, today provides the following update:

-    Results for the year are in line with expectations and the Directors' are pleased with the progress that the business has made and are positive about the future outlook.

-    Cash flow has been strong and the Group has ended the year with a net cash balance, having already paid dividends of £1.9m in H2 2014.

-    Mike O'Leary will join the Board as a Non-executive Director from 1 March 2015

-    The Company will announce its audited results for the year ended 31 December 2014 on 16 April 2015.

Epwin is pleased to announce the appointment of Mike O'Leary to the Board as Non-executive Director with effect from 1 March 2015.  Mike was joint COO at Misys plc between 1986 and 2000, running both their UK Insurance Division and US Healthcare Division. He was then CEO of Huon Corporation and also Marlborough Stirling plc. Since 2005 he has undertaken a number of non-executive roles.  He is currently non-executive Chairman of EMIS Group plc and a Non-executive Director of Headlam Group plc, where he has served since March 2006. 

Michael Kevin O'Leary, 62, has held the following directorships in the past 5 years:

Current

EMIS Group plc

Headlam Group plc

Oxford United Football Club Limited

ENSCO 1070 Limited

Former

Orion Imaging Limited

Five Valleys Property Company Limited

Digital Healthcare Limited

Psion Holdings Limited

There is no further information on Mike O'Leary required to be disclosed under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies.

Jon Bednall, Chief Executive Officer, Epwin Group said:

"The Group has had an exciting year, being admitted to trading on AIM on 24 July 2014, and is set to deliver favourable results for the year to 31 December 2014 that are in line with expectations for our maiden full year results."

"We are delighted that Mike has agreed to join the Board.  He brings significant experience of working with quoted companies, having been a Non-executive Director of listed businesses since 2006 and this will strengthen the existing Board." 

"We are enthusiastic about the future and look forward to the formal announcement of results for the year to 31 December 2014 on 16 April 2015."

Contact information

Epwin Group Plc	+44 (0) 20 7379 5151
Jon Bednall, Chief Executive
Chris Empson, Group Finance Director
Zeus Capital Limited (Nomad and Broker
Nick Cowles / Andrew Jones / Jamie Peel	+44 (0) 161 831 1512
Dominic King / John Goold	+44 (0) 20 7533 7727
Maitland Tom Eckersley / Lucy Watson	+44 (0) 20 7379 5151

Notes to Editors

About Epwin

Epwin is a vertically integrated manufacturer of extrusions, mouldings and fabricated low maintenance building products, supplying the RMI, new build property and social housing sectors.

Its operating divisions are organised to provide the most appropriate and relevant product offerings for its customers through its portfolio of market segment specific brands. 

The Company is incorporated and domiciled in the United Kingdom. It operates principally in the United Kingdom.

www.epwin.co.uk 

This information is provided by RNS

The company news service from the London Stock Exchange

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