financial news
Airsprung Furniture Group PLC
28 March 2008
The Directors are pleased to announce that the Company has resumed interest payments on its Preference Shares. The trading year ends on 31st March 2008 and current indications are that group sales and operating profits will be ahead of the previous year.
Airsprung Furniture Group PLC
13 January 2008
Airsprung Furniture Group PLC, the supplier of manufactured and imported furniture, announces that it was informed on 11 January 2008 that, as a result of recent acquisitions of shares by High Street Investors LP ("HSI"), an undertaking indirectly controlled by Kenneth M Karmin, Mr Karmin now holds an aggregate of 1,030,000 ordinary shares of 10p each in the company, representing approximately 4.31% of the company's issued share capital and approximately 4.2% of its total voting shares. The notification states that HSI is controlled by High Street Holdings Inc ("HSH") and that Mr Karmin controls HSH.
Airsprung Furniture Group PLC
13 November 2007
Airsprung Furniture Group PLC, the supplier of manufactured and imported furniture, announces that it was informed yesterday that, as a result of an acquisition of shares on 6 November 2007 by High Street Investors LP (“HSI”), an undertaking indirectly controlled by Kenneth M. Karmin, Mr Karmin now holds an aggregate of 730,000 ordinary shares of 10p each in the Company, representing approximately 3.06 per cent. of the Company’s issued share capital and approximately 2.97 per cent. of its total voting shares. The notification states that HSI is controlled by High Street Holdings, Inc (“HSH”) and that Mr Karmin controls HSH.
Annual General Meeting
20 September 2007
The Chairman made the following trading statement at the Annual General Meeting held on Thursday 20 September 2007 at 12.30pm:
"I am pleased to announce that the Group is continuing to make encouraging
progress. Sales and profits will be ahead of last year at the end of
the first six months, and business indicators are positive for the second
half year. The Group has received outline planning permission for the
proposed Business Park adjacent to the main manufacturing site in Trowbridge,
which will bring future benefits
to shareholders.
It is too early to forecast the effect which recent difficulties in the
mortgage
lending market may have on housing starts and consumer spending,
but Airsprung’s competitive position is strong, and unless there is
a sharp deterioration in the trading environment, we are confident the Group
will have another
satisfactory year."
Stuart Lyons CBE
Annual General Meeting
14 September 2006
At the Annual General Meeting of Airsprung Furniture Group held today, Stuart Lyons CBE, Chairman, made the following statement to shareholders:
"The board is pleased to report that the Group's recovery is continuing as planned. Sales are modestly ahead of last year and during the first quarter the Group achieved its initial objective of returning to profitable trading
"In the light of this progress, the directors have approved a contribution to the pension scheme above the basic level of the Contributions Schedule agreed with the Scheme Trustees. Subject to trading conditions allowing, the board intends to continue to bear down on the pension deficit, while rebuilding distributable reserves, and to resume dividend payments to shareholders at the earliest practicable date."
Stuart Lyons CBE
Change of advisor and broker
01 August 2006
Following the acquisition of Rowan Dartington & Co. Limited by Corporate Synergy Group plc, Airsprung Furniture Group plc is pleased to announce the appointment of Corporate Synergy Plc as its nominated adviser and broker with immediate effect.