(DNO.L) Domino Printing Sciences PLC Buy/Sell

RNS Number : 8259I Domino Printing Sciences PLC 18 March 2010

Domino Printing Sciences plc ('Domino')

Jerry Smith, a non-executive director of Domino retired from the Board yesterday. The Board thanks Mr Smith for his wise counsel and considerable contribution to the Company.

18 March 2010

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

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RNS Number : 7531I Domino Printing Sciences PLC 17 March 2010

Domino Printing Sciences plc

17 March 2010

All resolutions proposed at the AGM of Domino Printing Sciences plc held today were passed on a show of hands.

Copies of the resolutions relating to special business at the AGM have been submitted to the UK Listing Authority and will shortly be available for inspection at the UK Listing Authority's Document Viewing Facility located at:

Financial Services Authority

25 The North Colonnade

Canary Wharf

London

E14 5HS

For information, the following table shows the proxy position for the meeting. The total number of shares in issue is 109,623,380.

Votes at Chairman's
Resolution No. Votes in Favour discretion Votes Against Votes Withheld
Resolution
1 To receive and adopt 89,325,669 52,949 0 149,600
the accounts,
together with
reports of the
directors and
auditors
2 Approval of 87,258,455 54,449 815,083 1,400,228
Remuneration report
3 Declaration of 89,475,269 52,949 0 0
dividend
4 To re-elect Mr P J 89,472,869 54,449 900 0
Byrom
5 To re-elect Sir M 89,472,869 54,449 900 0
Wrightson
6 To re-elect Mr N 89,383,401 54,449 90,368 0
Bond
7 To re-elect Mr Resolution withdrawn because Mr Waddingham left the Company prior to the date
Waddingham of the meeting.
8 Re-appointment of 89,411,147 52,949 64,122 0
auditors

Special business
9 Authority for the 89,224,549 54,449 245,284 3,936
directors to allot
shares
10 Disapplication of 89,468,488 54,449 1,531 3,750
pre-emption rights
11 Authority for the 89,397,797 54,449 9,000 66,972
Company to purchase
its own shares
12 Amendment of the 88,184,019 54,449 1,285,952 3,798
articles
13 Notice period for 89,298,634 52,949 172,885 3,750
general meetings

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

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LONDON, March 17 (Reuters) - Domino Printing Sciences PLC:

RNS Number : 7241I
  Domino Printing Sciences PLC
  17 March 2010
   

 
INTERIM MANAGEMENT STATEMENT

This statement is issued in accordance with the requirements of the Disclosure and Transparency Rules and relates to the period from 1 November 2009, the beginning of our new financial year, to the date of publication of this statement.

During the corresponding period 12 months ago the Group experienced the worst extremes of the difficult market conditions that impacted global trading during 2008 and 2009.  In our preliminary statement of results for 2009, issued in December, we reported that we had started to experience some improvement in volumes since mid 2009.  This trend has continued into the period covered by this statement.  The combination of improving order intake rates and a weak comparative period has yielded strong growth for the year so far with business levels approaching those of the equivalent period in 2008.

Sales revenues for the first four months of the year were 19 per cent above those of the corresponding period last year.  Like for like sales grew by 19 per cent, sales in businesses acquired since March 2009 contributed 2 per cent and movements in foreign exchange had a negative impact of 2 per cent.

Sales revenues of new equipment in the first four months were up 31 per cent over the same period last year.  Revenues of fluids and consumables grew by 22 per cent, due to customer re-stocking and increased production output and consequent use of equipment among our global customer base.  Sales of services and spares, which were less impacted by the recession, grew by 7 per cent.

The strongest uplift in the first four months has been in Asia, where all of our sales businesses have recorded strong growth over the corresponding period last year.  We have also recorded improved revenues in most of our European and American businesses.

The reduction of the cost base of the business implemented during 2008 and 2009 is delivering improved profitability as sales return to more normal levels.  We have continued to keep a tight control on costs in the current year although we expect to expand our sales forces across the business as the year progresses and we also expect to increase staff levels on important new product developments. 

The restructuring actions of the Group announced in 2009 have been completed, apart from those in the Wiedenbach business scheduled to be finished by May 2010.  We are pleased that these changes have been achieved with a positive outcome; costs have been reduced and our customers have experienced no disruption in the service levels offered.

The Group continues to generate cash and has increased net cash balances by £11.5 million in the four months since the start of the new financial year. 

Whilst the year has started positively the outlook for our markets remains uncertain.  After the difficulties of the recent past we cannot predict with complete confidence how our global customers and suppliers will perform through the balance of the current year.  As market conditions recover we believe that the actions we have taken to restructure the Group coupled with our ongoing commitment to new product development mean we are well placed to respond.  The Board remains confident in the long-term prospects of the Group.

Notes:

1.   This Interim Management Statement, which is based upon un-audited management accounts, has been prepared solely to provide additional information to the shareholders of Domino Printing Sciences plc in order to meet the requirements of the UK Listing Authority's Disclosure and Transparency Rules.  It should not be relied upon by any other party, or for other purposes.  Certain statements made in this Statement have been made by the Directors in good faith using information available up until the date that they approved this Statement.  Forward-looking statements should be regarded with caution because of the inherent uncertainties in economic trends and business risks.

2.   The next update on trading is expected to be issued on Monday 21 June 2010 as part of the Interim Statement for the six months ending 30 April 2010.

                                                        

Peter Byrom

Chairman

17 March 2010

Enquiries:

Domino Printing Sciences plc

Nigel Bond                 Group Managing Director    01954 781888

Andrew Herbert         Group Finance Director       01954 781888 

Smithfield Consultants 

John Antcliffe                                                         020 7360 4900

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