RNS Number : 7248B
Associated British Engineering PLC
30 October 2009
Associated British Engineering plc announces that at its annual general meeting held today, 30 October 2009, all of the resolutions specified as ordinary business of the meeting were passed. The ordinary business of the meeting involved the receipt of the directors' reports and accounts, the re-appointment of Colin Weinberg as a director, the re-appointment of the auditors and the approval of the directors' remuneration report. Those resolutions comprising the special business of the meeting will be voted on by way of a poll vote, called by the chairman, on 27 November 2009. The poll vote will be held at 25 Knightsbridge, London SW1 at 12 noon.
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The company news service from the London Stock Exchange
RNS Number : 3319A
Associated British Engineering PLC
07 October 2009
The company has today posted a circular to shareholders containing a notice of annual general meeting to be held on 30 October 2009. In addition to the ordinary business of the annual general meeting the company is proposing to adopt new articles of association to reflect the changes made in the law by the Companies Act 2006 which is now fully in force. The circular also encloses the Annual Report and Financial Statements for the Year ended 31 March 2009 for those shareholders whom have requested copies.
Electronic pdf files of each document are now available on the company's web site at: www.abeplc.co.uk and copies of the proposed new articles are available for inspection at the company's registered office.
This information is provided by RNS
The company news service from the London Stock Exchange
British Polar is the residual spares/repair activity of a once-famous marine engine manufacturer. They are known for their expertise in manufacturing spares for obsolete engine models. The company also owns Kelvin Diesels an equally-famous manufacturer of marine engines for fishing boats, work boats, small passengers ferries. Kelvins are also used as domestic generators in coastal ferries. The current range comprises variations of 3 models of around 300/400 horse-power. Kelvins are admired for their robust construction and durability. In tight economic times owners will repair older engines, purchasing necessary spares, rather than replace with new models, so Polar benefits, as does Kelvin to some extent, the sale of spares being a lucrative operation.
Not too sure what BPE makes but whatever they are involved in seems to have a bias towards the oil sector. The shares have been creeping up of late possibly to get the bid price up to attract sellers. I feel this is a share that could move positve by anything up to £1 on any good news.
Incidentally I'm showing a 100% profit on the shares I still hold after that wild price gyration some time ago. This is one stock I'd put on an "alert" system in case that sort of thing happens again. (Down to 20p then up to 50p and more days later)
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