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(RSW.L) Renishaw PLC Buy/Sell

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Date/Time	Headline	Source
1
15-10-09	Renishaw PLC - Result of AGM	RNS
RNS Number : 8557A Renishaw PLC 15 October 2009 Renishaw plc Results of AGM All resolutions proposed at the Annual General Meeting held on 15 October 2009 were duly passed on a show of hands. Special Resolution Copies of the following special resolution which was passed at the Annual General Meeting held on 15 October 2009 have been submitted to the UK Listing Authority and will shortly be available for inspection at the UK Listing Authority's Document Viewing Facility, which is situated at: Documents Disclosure Team, UK Listing Authority, Financial Services Authority, 25 The North Colonnade, Canary Wharf, London E14 5HS Tel. No. (0)20 676 1000 THAT, the Company be and is hereby unconditionally authorised to make market purchases (within the meaning of section 163(3) of the Companies Act 1985) of ordinary shares of 20p each in the capital of the Company ("ordinary shares") provided that: `(i) the maximum number of ordinary shares hereby authorised to be purchased is` `7,278,854;` `(ii) the maximum price that may be paid for an ordinary share is an amount equal to` `105% of the average of the middle market quotations for an ordinary share (as` `derived from the London Stock Exchange Daily Official List) for the 10 business` `days immediately preceding the day on which the ordinary share is purchased;` `(iii) the minimum price which may be paid for an ordinary share shall be 20p;` `(iv) the authority hereby conferred shall expire at the earlier of the conclusion of the` `annual general meeting to be held in 2010 and 31st December 2010 unless` `such authority is renewed prior to such time; and` `(v) the Company may make a contract to purchase ordinary shares under the` `authority hereby conferred prior to the expiry of such authority which contract will` `or may be executed wholly or partly after the expiration of such authority and may` `make a purchase of ordinary shares pursuant to such contract.` Notification of Proxy Appointments Proxy appointments(a) were received from shareholders representing up to 59,138,692 shares amounting to 81.25% of the issued share capital. Total number of shares in issue: 72,788,543 The following levels of proxy appointments and associated instructions had been received by the Company up to 48 hours prior to the time of the meeting: `Resolution number For Against Chairman's discretion Total proxy votes` `cast` `No of shares % of total votes No of shares % of total votes No of shares % of total votes` `cast cast cast` `1 58,528,284 99.68 177,326 0.30 13,289 0.02 58,718,899 (b)` `2 52,511,623 92.17 4,449,994 7.81 13,042 0.02 56,974,659 (c)` `3 58,299,234 98.61 824,186 1.37 13,042 0.02 59,136,462 (d)` `4 59,103,011 99.96 12,822 0.02 10,466 0.02 59,126,299 (e)` `5 55,841,256 94.43 3,281,570 5.55 10,466 0.02 59,133,292 (f)` `6 59,102,243 99.96 12,133 0.02 10,466 0.02 59,124,742 (g)` Resolutions: `1 To adopt the audited financial statements and directors' report` `2 To re-elect Sir David McMurtry as a director` `3 To re-elect Mr D J Deer as a director` `4 To approve the directors' remuneration report` 5 To re-appoint the auditors and to authorise the directors to determine their remuneration `6 To authorise the Company to purchase its own shares` Notes: `(a) The appointment of a proxy is not a precise indicator of the way that the shareholder would have voted on a poll. It merely reflects the shareholder's intention at the time the instruction was given. Voting instructions can be changed at any time prior to a poll being completed and shareholders having lodged a proxy appointment are still entitled to attend the meeting and vote their shares themselves as they wish.` `(b) Shareholders representing 420,063 shares directed on their proxy cards that the proxy should abstain.` `(c) Shareholders representing 2,164,303 shares directed on their proxy cards that the proxy should abstain.` `(d) Shareholders representing 2,500 shares directed on their proxy cards that the proxy should abstain.` `(e) Shareholders representing 12,663 shares directed on their proxy cards that the proxy should abstain.` `(f) Shareholders representing 5,670 shares directed on their proxy cards that the proxy should abstain.` `(g) Shareholders representing 14,120 shares directed on their proxy cards that the proxy should abstain.` Renishaw plc Registered office: New Mills, Wotton-under-Edge, Gloucestershire GL12 8JR Registered number: 1106260 `Contact name: Norma Tang` `Contact telephone: 01453 524445` www.renishaw.com This information is provided by RNS The company news service from the London Stock Exchange END RAGXELFFKBBFFBV More
15-10-09	Renishaw PLC - Interim Management Statement	RNS
This news article is displayed preformatted as it may contain results tables RNS Number : 8319A Renishaw PLC 15 October 2009 Renishaw plc Interim Management Statement This statement has been prepared for the Group and relates to the three months ended 30th September 2009. It contains unaudited information that covers the first quarter and the period since the quarter end to the date of this interim management statement. Trading activity The recent improvements in order intake and revenue reported on 29th September 2009 have continued, but are still substantially below that of twelve months ago. In the first quarter, good growth has been experienced in the Far East, compared with the last two quarters of the previous year. In product terms, the strongest increase in demand has been for our Encoder products and there has been an encouraging recovery for most other product lines, with order intake still running ahead of sales. Spectroscopy has seen an increase in sales compared with the same quarter last year. In the three-month period, the operating profit amounted to �1.3m and the profit before tax amounted to �2.0m compared to �9.8m last year on revenue of �32.5m, down from �53.0m last year. Revenue at previous year exchange rates would have been lower by �2.3m and the profit before tax lower by �1.2m. The Board has restored half the voluntary 20% reduction in salaries from 1st October 2009 to 31st December 2009 at which time salaries will be fully restored. Provision will be made for further payment, which may take employees back up to full salary for part of the period, depending upon group performance up to 31st December 2009 and, if appropriate, will be paid within the December 2009 payroll. The Group continues to invest strongly in research and development programmes in both the Metrology and Healthcare sectors and a number of new products are being introduced in this financial year, some of which were exhibited at the EMO exhibition held last week in Milan, Italy. Current indications are that there will be an improvement in Group profits for the year, although the overall outcome is expected to be well below the level of two years ago. Financial position, significant events and transactions The Group has a strong balance sheet and there is a continuing focus on working capital management. At 30th September 2009, net cash balances amounted to �21.9m. There have been no other significant events or transactions that could have had a material impact on the financial position of the Group over the period since the beginning of the financial year. Sir David McMurtry CBE, RDI, FREng, CEng, FIMechE Chairman and Chief Executive 15th October 2009 Renishaw plc Registered office New Mills, Wotton-under-Edge, Gloucestershire, GL12 8JR Registered number 1106260 Telephone number 01453 524524 Website www.renishaw.com This information is provided by RNS The company news service from the London Stock Exchange END IMSMABMTMMMBBIL More
29-09-09	STOCKS NEWS UK-Renishaw rises on positive trading	AFX UK Focus
`STOCKS NEWS Reuters Results diary` `Europe Real-time Equity News` `UK Stocks on the move` `UK smallcaps UK smallcaps news` `07:40GMT 29Sep2009-Renishaw rises on positive trading` ------------------------------------------------------ `Renishaw shares rise as much as 4 percent to their highest point in 2009, after reporting positive trading since the end of June and plans to restore salary reductions that were put in place in February.` `"Renishaw looks interesting as a recovery 'play', in view of its extreme cyclicality and in spite of the stretched valuation metrics," says Michael Blogg, analyst at Arbuthnot Securities.` `"With both the revenue and cost lines moving upwards, we shall reassess our estimates but we expect to revise them upwards," he adds.` `To see Renishaw's statement please click on` Reuters messaging rm://lorraine.turner.reuters.com@reuters.net `07:35GMT 29Sep2009-FTSE Small Caps up 0.3 pct at the open` --------------------------------------------------------- `The FTSE Small Cap Index is 0.3 percent higher in opening trade, outperforming the FTSE 100, which falls 0.2 percent, while the FTSE 250 adds 0.5 percent.` `Eco City Vehicles rises 4.6 percent after the supplier of London black cabs says first-half revenue increased 22 percent to 12.4 million, citing strong demand for its new co-developed Mercedes Vito taxi. the company adds it is considering stepping up its production of the Vito.` `Independent News & Media falls 6.5 percent after agreeing to a refinancing deal with bondholders that could give them a 47 percent stake in the publishing group and roughly halving the interests of existing equity shareholders.` Reuters Messaging rm://david.brett.reuters.com@reuters.net Keywords: MARKETS UK STOCKSNEWS/ COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More
29-09-09	Renishaw PLC - Trading Statement	RNS
RNS Number : 8015Z Renishaw PLC 29 September 2009 RENISHAW plc Trading update Following the exceptional adverse trading conditions reported for the year ended 30th June 2009, the Board of Renishaw has continued to monitor progress closely. Since the year end, order intake has improved, be it from a low base, and is currently running ahead of sales output. In September the Group expects to achieve revenue of approximately £12 million, some 15% ahead of the average run rate for the last five months. Order backlog has increased and currently stands at between 5 and 6 weeks of planned shipments. In view of the improved performance the Board is restoring half the previously announced voluntary 20% reduction in salaries which has been in force since February 2009. This will take effect from 1st October until 31st December 2009 at which time salaries will be fully restored. Provision will be made for further payment, which may take employees back up to full salary for part of the period, depending upon group performance up to 31st December 2009. This provision will be paid within the January 2010 payroll. A further trading update will be made within the Interim Management Statement on 15th October 2009, the date of the Company's annual general meeting. I am pleased to announce these changes as all employees in the Renishaw Group have responded magnificently to all the challenges and hardships they have faced. My thanks go to them all for their contribution and support. Sir David R McMurtry, CBE, RDI, FREng, CEng, FIMechE Chairman & Chief Executive 29th September 2009 `Enquiries: A C G Roberts 01453 524445` Registered number: 1106260 Registered office: New Mills, Wotton-under-Edge, Gloucestershire. GL12 8JR `Telephone: 01453 524524` `Website: www.renishaw.com` This information is provided by RNS The company news service from the London Stock Exchange END TSTEAKNPALXNEFE More
24-08-09	Renishaw PLC - Annual Financial Report	RNS
RNS Number : 8811X Renishaw PLC 24 August 2009 Renishaw plc (the "Company") Annual Report and Accounts 2009 Further to the publication of the Company's preliminary announcement of its annual results for the year ended 30 June 2009 on 29 July 2009 (the "Preliminary Announcement"), it is confirmed that two copies of the following have been submitted to the UK Listing Authority: `1. Annual Report and Accounts for the year ended 30 June 2009 containing Notice of AGM; and` `2. Proxy Form` These will shortly be available for inspection at the UK Listing Authority's Document Viewing Facility, whose address is set out below. UK Listing Authority Financial Services Authority 25 The North Colonnade Canary Wharf London E14 5HS Tel. No. (0)20 676 1000 The Annual Report and Accounts 2009 will also be available on www.renishaw.com In compliance with the Disclosure and Transparency Rules, the following information, together with the Preliminary Announcement (available on www.renishaw.com), forms the information required to be communicated to the media in unedited full text as required by DTR 6.3.5: Risk Management Worldwide recession Although the Group had good results for the first quarter of the 2009 financial year, the collapse in demand for the Group's products as a consequence of the global recession induced a large turnaround in the results of the Group for the remainder of the year. In early 2009, the Group began a cost reduction programme which included a reduction in employee headcount by 437 and the introduction of a 20% voluntary reduction in group salaries, which applies up to December 2009. Also there is a targeted reduction of £10m per year in other overhead running costs. It is impossible to forecast the timing of an upturn in the global economy and the Group's internal budgets and forecast reflect this uncertainty. Order book Orders from customers generally involve short lead times with the outstanding order book at any time being around one month's worth of sales value. This limited forward order visibility restricts the Group's ability to accurately forecast demand and therefore requires maximum production flexibility. Research and development The Group invests heavily in research and development, to develop new products and processes to maintain the long-term growth of the Group. This research and development encompasses new innovative products within our core metrology business, as well as the application of our technology in other areas, such as dental and specific applications in the medical field. The development of new products and processes involves risk, such as with development time, which may take longer than originally forecast and hence involve more cost. Also, being at the leading edge of new technology, there are uncertainties whether new developments will work as planned and in some cases, projects may need to be halted with the consequent non-recoverability of expenditure if the intended deliverables of the project are not forthcoming. Expenditure is only capitalised once the commercial and technical feasibility of a product is proven. These risks are minimised by operating strictly managed research and development programmes with regular reviews against milestones achieved and against forecast business plans. Research and development also involves beta testing at our major customers to ensure that new products will meet the needs of the market at the right price. Defined benefit pension schemes With the closure of the UK and Irish defined benefit schemes to new employees and future accruals for existing members, the major risk surrounding accounting for pension costs and future funding arise from investment performance within the portfolio and actuarial assumptions proving appropriate. This year has seen the Consolidated statement of income and expense (the "SORIE") bear an actuarial loss of £13.0m (2008 loss of £20.5m). The UK defined benefit scheme is secured by a registered charge on certain of the Group's UK properties, with the Pension Regulator having confirmed that it does not propose to issue any scheme funding directions under Part 3 of the Pensions Act 2004. Treasury With the concentration of manufacturing in the UK and Ireland, there is inevitably an exposure to fluctuating currencies on export sales, largely in respect of the US Dollar, Euro and Japanese Yen. This year has seen significant movements in exchange rates which have been reflected in improved results when the performance of overseas operations have been translated into Sterling, although the amount was limited by the hedging of some currencies during the year. The Group was hedged throughout the year for a significant amount of its exposure to changes in the Euro and, to a lesser extent, US Dollar and Japanese Yen. The hedging contracts outstanding at the end of the year were marked to market at the year end and the SORIE shows a loss for the year of £1.6m on these outstanding contracts, increasing the cash flow hedging reserve to £5.4m. The Group continues to be hedged against the Euro and Japanese Yen receivables on a rolling three-and-a-half year basis. A smaller percentage of estimated US Dollar receivables are also hedged up to June 2010. The Group monitors the effectiveness of its hedging policies regularly and any ineffective proportions may need to be accounted for in the Consolidated income statement. The policy relating to the Group's hedging practices is noted within the treasury policies on page 14 of the Annual report. Tax Significant judgement is required in determining the effective tax rate and in evaluating certain tax positions. Tax provisions are adjusted due to changing facts and circumstances, such as case law, progress of tax audits or when an event occurs requiring a change in tax provisions. Management regularly assesses the appropriateness of tax provisions. Directors Responsibility Statement We confirm that to the best of our knowledge: (a) the financial statements, prepared in accordance with the accounting standards referred to in the Statement of directors' responsibilities, give a true and fair view of the assets, liabilities, financial position and profit or loss of the Company and the undertakings included in the consolidation taken as a whole; and (b) the Financial review includes a fair review of the development and performance of the business and the position of the Company and the undertakings included in the consolidation taken as a whole, together with a description of the principal risks and uncertainties that they face. Related Party Transactions During the year, associates purchased goods and services from the Group to the value of £168,000 (2008 £236,000) and sold goods and services to the Group to the value of £1,990,000 (2008 £1,450,000). At 30th June 2009, associates owed £132,000 to the Group (2008 £479,000). Associates were owed £77,000 by the Group (2008 £90,000). Dividends of £80,000 were received from associates during the year (2008 £80,000). No bad debts were incurred during the year. All transactions were on an arm's length basis. 24 August 2009 Renishaw plc Registered office: New Mills, Wotton-under-Edge, Gloucestershire GL12 8JR Registered number: 1106260 `Contact name: Norma Tang` `Contact telephone: 01453 52445` www.renishaw.com This information is provided by RNS The company news service from the London Stock Exchange END ACSDZLBLKVBEBBB More

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