At De La Rue plc's ("De La Rue" or "the Group") Annual General Meeting to be held today, Kevin Loosemore, Chairman of De La Rue, will make the following statement.
Trading and outlook
The Board’s expectations for 2020/21 remain unchanged from the full year results announcement issued on 17 June 2020.
The £100m equity capital raising, which completed on 7 July 2020, will strengthen the Group’s balance sheet, enabling De La Rue to deliver the Turnaround Plan and create value for its employees, customers, suppliers and shareholders.
In Currency, De La Rue continues to experience strong demand and has been awarded contracts representing approximately 100% of its available full-year banknote printing capacity for Financial Year 2020/21, an increase on the 80% of capacity announced at its trading update of 1 June 2020.
De La Rue plc's LEI code is 213800DH741LZWIJXP78.
De La Rue plc
+44 (0)1256 605322
Clive Vacher, CEO
Rob Harding, Interim CFO
Paul Sharma, Head of Investor Relations
+44 (0)207 404 5959
Cautionary note regarding forward-looking statements
This announcement includes statements that are, or may be deemed to be, "forward-looking statements". These forward-looking statements can be identified by the use of forward-looking terminology, including the terms "believes", "estimates", "anticipates", "expects", "intends", "plans", "goal", "target", "aim", "may", "will", "would", "could" or "should" or, in each case, their negative or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts. They appear in a number of places throughout this announcement and include statements regarding the intentions, beliefs or current expectations of the directors, De La Rue or the Group concerning, amongst other things, the results of operations, profitability, financial condition, liquidity, prospects, growth and strategies of De La Rue and the industry in which it operates.
By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future and may be beyond De La Rue's ability to control or predict. Forward-looking statements are not guarantees of future performance. The Group's actual results of operations, profitability, financial condition, liquidity, prospects, growth and/or strategy and the development of the industry in which it operates may differ materially from the impression created by the forward-looking statements contained in this announcement. In addition, even if the results of operations, profitability, financial condition, liquidity, prospects, growth and/or strategy of the Group and the development of the industry in which it operates are consistent with the forward-looking statements contained in this announcement, those results or developments may not be indicative of results or developments in subsequent periods.
Other than in accordance with its legal or regulatory obligations, De La Rue does not undertake any obligation to update or revise publicly any forward-looking statement, whether as a result of new information, future events or otherwise.