Nexus Infrastructure PLC AGM Statement (6926U)
30 Marzo 2023 - 8:00AM
UK Regulatory
TIDMNEXS
RNS Number : 6926U
Nexus Infrastructure PLC
30 March 2023
30th March 2023
Nexus Infrastructure plc
("Nexus" or the "Company" or the "Group")
AGM Statement
At the Annual General Meeting of Nexus Infrastructure plc
(AIM:NEXS) , a market-leading provider of civil engineering and
infrastructure services to the UK housebuilding sector, convened
for 9.00 am today, Richard Kilner, the Chairman will state:
"In February, we completed the strategic disposal of two former
Group businesses, crystallising value for shareholders. We have
ensured that our Group has adequate working capital and is
well-capitalised for the future.
Tamdown, our operating business, continues to be in a resilient
position, with excellent customer retention and repeat business due
to its reputation for quality delivery.
The housing market continues to be in a long-term position of
undersupply, with housebuilders and housing associations striving
to accelerate delivery and ensure quality.
As we enter the traditionally busy spring selling season for
housebuilders, their performance will be key to underpinning FY23
and FY24 performance for Tamdown.
Tamdown's trading is in line with the Board's expectations, and
the business is well-placed to retain and attract customers while
making progress towards its previously stated medium-term financial
and strategic objectives".
Enquiries:
Nexus Infrastructure plc Tel: 01376 559 550
Charles Sweeney, Chief Executive Officer
Dawn Hillman, Chief Financial Officer
Numis Securities Limited Tel: 0207 260 1000
(Nominated Adviser & Broker)
Oliver Hardy (Nomad)
Heraclis Economides
Hannah Boros
Financial Public Relations
Camarco Tel: 0203 757 4992/4981
Ginny Pulbrook
Rosie Driscoll
Notes to Editors:
Nexus is delivering sustainable infrastructure through its
wholly owned subsidiary Tamdown, which provides a range of civil
engineering and infrastructure services to the UK housebuilding
sector.
Services include earthworks, highways, substructures and
basements, and installing sustainable drainage systems.
The business has a well-established market position, having been
in operation for over 40 years and its operations are focused on
the South East of England and London.
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END
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