RNS Number : 9669O
Flowtech Fluidpower PLC
17 May 2024
 

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Friday, 17 May 2024

 

 

 

 

Flowtech Fluidpower plc

("the Company")

Availability and Posting of the 2023 Annual Report

&

Notice of Annual General Meeting

 

 

The Company confirms that the 2023 Annual report (Report), together with the Notice convening the 2024 Annual General Meeting (AGM), and Form of Proxy have been sent to all shareholders by either electronic means or posted to those who have elected to receive hard copies.

 

AGM

The AGM will be at 10.00am on Tuesday, 11 June 2024 at the Group's Headquarters, Flowtech Fluidpower plc, Bollin House, Bollin Walk, Wilmslow Cheshire, SK9 1DP.

In order to allow shareholders to follow the AGM proceedings without attending in person, the Company is providing access online via the Investor Meet Company platform.  However, please note that shareholders will not be able to vote online at the AGM via the IMC platform and are therefore requested to submit voting via proxy, as early as possible.

Shareholders are invited to submit any questions for the Board to consider, and these can be pre submitted ahead of the AGM either via email: info@flowtechfluidpower.com or, the Investor Meet Company Platform up until 9am the day before the meeting. Questions can also be posted on the platform during the live session.

For those wishing to join the AGM remotely, please sign up via:

https://www.investormeetcompany.com/flowtech-fluidpower-plc/register-investor

 

Investors who already follow Flowtech on the Investor Meet Company platform will automatically be invited to join the session.

Copies of all documentation are also available to view on the Company's website: www.flowtechfluidpower.com.

 

To obtain hard copies of the Report please contact the Company Secretary at the registered office: Flowtech Fluidpower plc, Bollin House, Bollin Walk, Wilmslow, SK9 1DP or email: info@flowtechfluidpower.com.

 

 

 

 

 

Further enquiries please contact:

Flowtech Fluidpower plc

Tel: +44 (0) 1695 52759

Russell Cash, Chief Financial Officer & Company Secretary

Website: www.flowtechfluidpower.com

Email: info@flowtechfluidpower.com

 

Liberum

(Nominated adviser and Sole Broker)

Tel: +44 (0) 20 3100 2000

Richard Lindley / Will King

 

TooleyStreet Communications

(IR and media relations)

Fiona Tooley; Tel: +44 (0) 7785 703523

or email: fiona@tooleystreet.com

 



 

 

About Flowtech Fluidpower plc 

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Founded as Flowtech in 1983, we provide customers with power, motion & control solutions, from a single component to integrated engineering systems, in the most cost-effective way, harnessing the best global brands & products, services and engineers in the market.  We operate across three regions in Great Britain (70%), Ireland (20%), and The Benelux (10%) as well as serving customers around the world.  Flowtech joined the AIM market in 2014.

 

OUR PURPOSE |

We provide power, motion and control products, systems and solutions, keeping industry moving and creating a more sustainable world

 

OUR MISSION |

To provide products and solutions to help our customers achieve their goals, saving them time and money and operating more safely and sustainably

 

OUR VISION |

To be the trusted adviser and solutions partner in a world of motion

 

The value we create for our customers

Flowtech works across all industry sectors serving the needs of customers who are designing, building, maintaining and improving industrial plant, equipment and operations.  We add value by being a technical specialist and trusted adviser to Maintenance, Repair & Operations (MRO) customers, Original Equipment Manufacturers (OEMs) and through our long-standing Distributor Partner channels.  We provide essential technical products combined with a broad range of specialist engineering services across the world of Power, Motion & Control.

 

Easy access to the widest Technical Product range

We stock over 75,000 Power, Motion & Control products including hydraulic and pneumatic consumables and trade through our channels including E-commerce Websites, Central Sales, Technical and Customer Support teams and through our localised Engineering Centres across GB, Ireland and Benelux.  We partner and distribute for the world's largest power, motion and control brands and have access to over 0.5 million technical products through over 2,000 leading suppliers.  We provide a market leading quality own brand offering complementing our branded supplier portfolio.

 

Market Leading Distributor Partner Programme

We operate a leading Distributor Partners Programme supplying our wide range of Products and Engineering Services through our strategic network of Distributors and Service Providers giving them the support they need to service their end-customers.  This is enabled by our tried and tested white label catalogue, E-commerce and fulfilment business model.

 

Engineered Systems and Solutions

We supply specialist technical Power, Motion & Control components & systems with our core being centred around pneumatics and hydraulic industrial and mobile applications.  This includes bespoke design, manufacturing, commissioning, installation, and servicing of systems to manufacturers of specialised industrial and mobile OEMs, and additionally a wide range of industrial end users.  From a simple technical system build such as a Hydraulic Power Pack to the repair of pumps, values and cylinders through to site-based diagnostics and services to fully integrated turn-key solutions, we have a strong engineering pedigree at our core making us the trusted adviser and solutions partner for our customers.

 

 

Our six engines towards mid-teens operating profit percentage

Today, we are a strong market leader in a highly fragmented £30bn European market.  We have a clear strategy and plan to accelerate value creation for our stakeholders.  We are transforming our Company and have plenty of room for improvement and growth

 

1.     Customer growth

2.     Commercial excellence

3.     Range expansion

4.     Own brand

5.     Operate for less

6.     Building talent and capabilities.

 

To read more about the Group please visit: www.flowtechfluidpower.com

 

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