Manroy PLC Result of AGM (7951Y)
February 27 2013 - 6:32AM
UK Regulatory
TIDMMAN
RNS Number : 7951Y
Manroy PLC
27 February 2013
27 February 2013
MANROY PLC
Result of Annual General Meeting held on 27 February 2013
Manroy Plc ("Manroy" or "the Company") is pleased to announce
the result of its Annual General Meeting held earlier today. Each
of the seven resolutions considered at the meeting, details of
which are set out on pages 70 to 71 of the Financial Statements of
the Company for the year ended 30 September 2012, were
approved.
At the Annual General Meeting, Glyn Bottomley, Chief Executive,
gave an update to shareholders on the performance of MUSA and
informed them that the current order book had increased from
US$13.2m to US$14.0m.
Ends.
Contacts:
For further information please contact:
Manroy Plc Tel: 01252 874 177
Glyn Bottomley, Chief Executive
Paul Carter, Finance Director
Allenby Capital Tel: 020 3328 5656
Mark Connelly
Alex Price
Bankside Consultants Tel: 020 7367 8888
Richard Pearson
Simon Rothschild
Notes to Editors:
1. Manroy is a UK based defence contractor specialising in the
supply of weapon systems for land, air and maritime
applications.
2. A key Ministry of Defence supplier for 26 years, Manroy
designs, manufactures, supplies and supports:
-- the 12.7mm M2 Heavy Machine Gun ("HMG"), also known as the 0.50" calibre HMG;
-- the 7.62mm General Purpose Machine Gun ("GPMG");
-- HMG Quick Change Barrel kits;
-- a range of turret products for armoured fighting vehicles;
-- weapon tripods and weapon mounting systems
3. Production of the HMG, along with support and spares is
Manroy's core area of operation. In recent years Manroy has
increasingly focused on the export market and diversification of
its customer base into new territories.
4. Manroy owns 49% of North Carolina based Manroy USA ("MUSA"),
a defence supplier to both military and civilian agencies.
5. MUSA manufactures a range of weapons systems and ancillary products, including:
-- The M2 HMG
-- M2 HMG Quick Change Barrel kits
-- Barrel manufacturing for both the military and commercial markets
-- M16 and M4 military rifles
-- Electronic boresights
-- Mounting systems
-- Commercial rifles and parts
6. MUSA's acquisition of the business and assets of Sabre
Industries in March 2011 enhanced its penetration of the US
market.
7. In April 2012, $10.4m (GBP6.6m) of Sabre's contracts with the
US Department of Defense were successfully novated to MUSA.
The Group adheres strictly to UK legislation concerning the sale
of weapons to foreign countries. Manroy's overseas sales are
undertaken in adherence to UK Government regulations and approvals.
Such sales are only undertaken after all appropriate UK Government
licenses have been granted.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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