3 May 2011 – AGM statement

At today’s AGM, the group will confirm that trading in the current year is in line with expectations, whilst it has maintained its strong financial position, boasting net cash of £33.4m at 31 March (31 December 2010: £31.9m).  Despite the solid progress made by the group, the shares continue to offer a dividend yield of over 10%, although this may fall in the current year to 8.1%.  The shares remain a BUY.