RNS Number : 6926U
Nexus Infrastructure PLC
30 March 2023
 

30th March 2023

Nexus Infrastructure plc

("Nexus" or the "Company" or the "Group")

 

AGM Statement

At the Annual General Meeting of Nexus Infrastructure plc (AIM:NEXS), a market-leading provider of civil engineering and infrastructure services to the UK housebuilding sector, convened for 9.00 am today, Richard Kilner, the Chairman will state:

"In February, we completed the strategic disposal of two former Group businesses, crystallising value for shareholders. We have ensured that our Group has adequate working capital and is well-capitalised for the future. 

Tamdown, our operating business, continues to be in a resilient position, with excellent customer retention and repeat business due to its reputation for quality delivery.

The housing market continues to be in a long-term position of undersupply, with housebuilders and housing associations striving to accelerate delivery and ensure quality.

As we enter the traditionally busy spring selling season for housebuilders, their performance will be key to underpinning FY23 and FY24 performance for Tamdown.

Tamdown's trading is in line with the Board's expectations, and the business is well-placed to retain and attract customers while making progress towards its previously stated medium-term financial and strategic objectives".


Enquiries:

 

Nexus Infrastructure plc                                               Tel: 01376 559 550

Charles Sweeney, Chief Executive Officer

Dawn Hillman, Chief Financial Officer

                 

Numis Securities Limited                                             Tel: 0207 260 1000

(Nominated Adviser & Broker)

Oliver Hardy (Nomad)                 

Heraclis Economides    

Hannah Boros

               

Financial Public Relations

Camarco                                                                            Tel: 0203 757 4992/4981 

Ginny Pulbrook

Rosie Driscoll                                                                     

 


Notes to Editors: 

Nexus is delivering sustainable infrastructure through its wholly owned subsidiary Tamdown, which provides a range of civil engineering and infrastructure services to the UK housebuilding sector.

Services include earthworks, highways, substructures and basements, and installing sustainable drainage systems.

The business has a well-established market position, having been in operation for over 40 years and its operations are focused on the South East of England and London.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
AGMSESFUUEDSEED