Result of AGM and Trading Update


 

TIDMTSEG 
 
RNS Number : 7208V 
TSE Group PLC 
15 July 2009 
 

Wednesday 15th July 2009 
 
 
TSE Group PLC 
 
 
(the "Company" or "TSE") 
 
 
Result of Annual General Meeting 
 
 
 
 
The Board of TSE announces that at today's AGM all resolutions were duly passed. 
The Chairman delivered the following trading update at the AGM. 
 
 
Trading update 
 
 
Whilst we are currently preparing the interim results, which we intend to 
announce in August, it is clear that trading for the first six months of the 
year has been strong with revenues expected to be at least 20% ahead of the same 
period last year, which will result in a strong profits growth for the period 
ended June 2009 (compared to the corresponding period last year). 
 
 
We are delighted to announce that a new TSE Consulting office was opened in 
Dubai, UAE on July 1st. This office, which will service the Middle East region, 
has already been in discussions with a number of potential clients in both UAE 
and Qatar. TSE has historically serviced clients in the UAE, Bahrain, Qatar and 
Saudi Arabia from its Swiss head office, but with the establishment of this new 
office, under the Directorship of Donna Stilling, TSE is well positioned to 
capitalise on opportunities in the growing market for the hosting of 
international sporting events. The opening of the Dubai office continues the 
progress of TSE's carefully considered geographical expansion plans alongside 
the development of new business services being provided to its global client 
base. In addition to its head office in Switzerland, TSE now has offices in the 
UK, the USA, Denmark, Russia, South Africa, the UAE, Turkey and China. 
 
 
Lars Haue-Pedersen, Managing Director of TSE Consulting SA said "TSE's new Dubai 
office will provide consultancy services to the governments of the region, 
an area that has already demonstrated its passion and determination to attract 
the world's major sporting events. The addition of this Middle Eastern hub for 
TSE fits perfectly with our plans for a completely global reach for the 
consultancy services that we currently offer to governments, cities and sports 
organisations in other countries." 
 
 
Following these first six months trading, TSE Consulting has now contracted 70% 
of its annual budgeted income and is on target for a record year. 
-Ends- 
 
 
For further information, please contact: 
 
 
 
 
+-----------------------------------+----------------------------+ 
| TSE Group PLC                     | Tel:                       | 
| Adam Reynolds                     | 020-7245-1100              | 
|                                   |                            | 
+-----------------------------------+----------------------------+ 
| Beaumont Cornish Limited          |         Tel: 0207 628 3396 | 
| (Nominated Adviser)               |                            | 
+-----------------------------------+----------------------------+ 
| Michael Cornish                   |                            | 
|                                   |                            | 
+-----------------------------------+----------------------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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