LARD Laird Group

RNS Number:4508W
Laird Group PLC
11 May 2007


                               THE LAIRD GROUP PLC

                                  AGM Statement                                  
                                                                                

At The Laird Group PLC's Annual General Meeting today, Nigel Keen, Chairman, is
making the following statement:

"Laird had another successful year in 2006, with organic revenue growth of 11%
for the Group as a whole and growth in underlying profit before tax of 33%.
Organic revenue growth in Laird Technologies was 23%, with growth in underlying
operating profit of 47%.

We have made an encouraging start to 2007, with the momentum established in
recent years being maintained.

Since the year end we have completed the disposal of the Security Systems
Division. We will be returning approximately #100 million to shareholders by way
of a Special Dividend of 50 pence per Ordinary Share, planned to be paid on 22
June 2007, together with a share consolidation on an 8 for 9 basis. The Security
Systems Division performed close to expectations up to its disposal at the end
of April.

Laird Technologies continues to perform well, with further strong organic growth
being delivered. We have also completed three acquisitions so far this year,
adding new capabilities and access to complementary high growth markets. These
acquisitions and those made towards the end of 2006 are bedding in well.

Through the successful execution of our strategy, Laird has been transformed
into a focused technology and electronics company operating in high growth
markets. We continue to view the Group's prospects in 2007 with confidence."

 

 
For enquiries:    The Laird Group PLC                      Maitland            
                  Peter Hill, Chief Executive              Brian Hudspith      
                  Jonathan Silver, Finance Director                   
                  Tel: 020 7468 4040                       Tel: 020 7379 5151 

 




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END
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