(ACR.L) Abbeycrest PLC Buy/Sell

RNS Number : 9049I Abbeycrest PLC 19 March 2010

Press release 19 March 2010

Abbeycrest plc ("Abbeycrest" or the "Company")

Issue of Circular and Notice of General Meeting

The Company confirms that a circular containing details of the proposed introduction of an unapproved executive share option plan and an approved executive share option plan and a notice convening a General Meeting (the "Circular") has today been posted to Shareholders.

The General Meeting will be held at 10.00 a.m. on 14 April 2010 at the offices of Pinsent Masons LLP, 1 Park Row, Leeds LS1 5AB.

Two copies of the Circular are being submitted today to the UK Listing Authority and will be available for inspection by the public at the UK Listing Authority's Document Viewing Facility which is situated at: Financial Services Authority, 25 The North Colonnade, Canary Wharf, London E14 5HS, telephone 020 7066 1000.

The Circular will also be made available to view on the Company's website www.abbeycrest.co.uk. Definitions used in the Circular apply to this announcement unless the context otherwise requires.

For further information, please contact:

Abbeycrest plc Simon Ashton, Executive Chairman Tel: +44 (0)113 397 0865
www.abbeycrest.co.uk

Evolution Securities Limited
Joanne Lake/Peter Steel Tel: +44 (0)113 243 1619
www.evosecurities.com

Rawlings Financial PR Limited
Catriona Valentine Tel: +44 (0)1653 618 016

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

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RNS Number : 8095H Abbeycrest PLC 01 March 2010

Press release 1 March 2010

Abbeycrest plc

("Abbeycrest" or "the Group")

Repayment of Loans

Abbeycrest plc (LSE: ACR), a leading international jewellery designer and manufacturer, is pleased to announce that the Group has paid £950,000 to Agilo Master Fund ("Agilo") in full and final settlement of all amounts due to Agilo and releasing all related security over the Group's assets.

In addition, the Board is also pleased to announce that the Group has now repaid in full £1.6 million which was due to HMRC and had been subject to a "time to pay arrangement" as disclosed in Abbeycrest's Annual Report and Financial Statements for the year ended 28 February 2009.

Trading up to the year ended 28 February 2010 continued to be steady and the Directors remain confident of the prospects for the Group.

Abbeycrest intends to announce its final results for the year ended 28 February 2010 towards the end of June 2010.

RNS Number : 8095H Abbeycrest PLC 01 March 2010

Press release 1 March 2010

Abbeycrest plc

("Abbeycrest" or "the Group")

Repayment of Loans

Abbeycrest plc (LSE: ACR), a leading international jewellery designer and manufacturer, is pleased to announce that the Group has paid £950,000 to Agilo Master Fund ("Agilo") in full and final settlement of all amounts due to Agilo and releasing all related security over the Group's assets.

In addition, the Board is also pleased to announce that the Group has now repaid in full £1.6 million which was due to HMRC and had been subject to a "time to pay arrangement" as disclosed in Abbeycrest's Annual Report and Financial Statements for the year ended 28 February 2009.

Trading up to the year ended 28 February 2010 continued to be steady and the Directors remain confident of the prospects for the Group.

Abbeycrest intends to announce its final results for the year ended 28 February 2010 towards the end of June 2010.

RNS Number : 6028F
  Abbeycrest PLC
  15 January 2010
   

 Press release   15 January 2010

Abbeycrest plc

("Abbeycrest" or "the Group")

Interim Management Statement

Abbeycrest plc (LSE: ACR), a leading international jewellery designer and manufacturer, today provides an update on business performance since the announcement of its Interim Results for the period ended 31 August 2009.

The Board is pleased to report that trading performance remained solid during the period across all of the Group's major operating segments. This is particularly encouraging given the adverse impact of foreign exchange movements, for example the Hong Kong dollar and Thai Baht have both depreciated between 10% and 20% over the financial year to date, and the inexorable rise in the gold price which continues to affect demand for the majority of the Group's products and apply pressure on margins. 

Key performance measures, including underlying profitability, working capital and net debt, continue to improve year on year. The remaining balance of £1.0 million outstanding on the loan from the Group's junior lender is due to be repaid on 28 February 2010 and the Group is progressing a number of options in relation to final settlement.

This performance further validates the Group's decisions in the last financial year to withdraw from the most price sensitive areas of the market and follow its Leading Edge strategy of focusing on a reduced customer base, with fewer products and a greater degree of product branding.

Given the ongoing improvements in the Group's performance, the directors remain confident and determined that despite the specific challenges faced in our markets, the Group has the strategy, skills and management to continue the transformation of Abbeycrest plc. 

- Ends -

For further information:
 Abbeycrest plc 
 Simon Ashton, Executive Chairman  Tel: +44 (0)113 397 0865
                                      www.abbeycrest.co.uk 

 Evolution Securities Limited
 Joanne Lake / Peter Steel      Tel: +44 (0)113 243 1619
 joanne.lake@evosecurities.com    www.evosecurities.com 

Media enquiries:
 Abchurch Communications 
 Sarah Hollins / Mark Dixon     Tel: +44 (0) 20 7398 7729
 mark.dixon@abchurch-group.com     www.abchurch-group.com

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