Source - RNS
RNS Number : 2887J
Nature Group PLC
27 June 2017
 

 Nature Group PLC

("Nature Group" or the "Company" or the "Group")

AGM Statement

At the Annual General Meeting of Nature Group PLC (AIM:NGR) to be held later today, Berend van Straten, Chairman of the Company, will make the following statement:

 

"As set out in our annual report and accounts for the year ended 31 December 2016, the Company has been working hard to improve the efficiency of its business and to meet the demands of the challenging market in which it operates. The recent delay to a significant Oil & Gas contract, as announced on 15 June 2017, and the absence of new contracts in this division, is further evidence of the difficulties that the Company will continue to face as it endeavours to improve the performance of its existing operations and to widen its product offerings.

 

As outlined in the final results announcement of 31 May 2017, the Board is closely monitoring the cash position of each of its entities. The Company continues to pursue opportunities but, in the absence of additional material contracts in the short term, the cash position of the Group will continue to deteriorate and it is expected that external financing may be required. Therefore, as well as immediately implementing further reduction in operational cost as well as the Group overhead, the Board is also exploring opportunities to strengthen its balance sheet and the financial position of the Company."

 

For further information:

Nature Group PLC


Jan Vesseur, CEO

Tel:        +31 6462 878 96

Maarten Smits, CFO

Tel:        +31 6138 207 80

Berend van Straten, Chairman

Tel:        +31 6268 056 05



Cenkos Securities plc


Neil McDonald

Tel:        +44 (0)131 220 9771 / +44 (0)207 397 1953

Beth McKiernan

Tel:        +44 (0)131 220 9778 / +44 (0)207 397 1950

Nick Tulloch

Tel:        +44 (0)131 220 9772

 

Notes to Editors

About Nature Group

Nature Group combines port reception services and facilities, offshore treatment services and the latest sustainable waste treatment technologies in a steadily growing global network. Nature Group is traded on the AIM market, (ticker: NGR). www.ngrp.com 

 

 

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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