29 September
2022
PHSC PLC
(“PHSC” or the “Company”)
Results of AGM and
Trading Update
PHSC (AIM: PHSC), a leading provider of health, safety, hygiene
and environmental consultancy services and security solutions to
the public and private sectors, is pleased to announce that the
resolutions proposed at its Annual General Meeting held earlier
today, as set out in the formal Notice of Annual General Meeting
dated 2 August 2022, were all duly
approved by shareholders.
Trading Update
The Board notes that the Company’s unaudited management accounts
show revenues to the end of August
2022 of approximately £1.4m, compared with £1.45m for the
same five-month period last year. Despite the slight reduction in
total sales, the mix of work has been at higher average margins
across the Group and this has resulted in EBITDA rising from £117k
to £144k for the same period. A further update will be given
in the interim accounts for the half year, expected to be published
in late November 2022.
For further information please contact:
PHSC plc
Stephen
King
Tel: 01622 717 700
Stephen.king@phsc.co.uk
www.phsc.plc.uk
Strand Hanson Limited (Nominated
Adviser)
Tel: 020 7409 3494
James Bellman / Matthew Chandler
Novum Securities Limited
(Broker)
Tel: 020 7399 9427
Colin Rowbury
About PHSC
PHSC, through its trading subsidiaries, Personnel Health &
Safety Consultants Ltd, RSA Environmental Health Ltd, QCS
International Ltd, Inspection Services (UK) Ltd and Quality Leisure
Management Ltd, provides a range of health, safety, hygiene,
environmental and quality systems consultancy and training services
to organisations across the UK. In addition, B2BSG Solutions Ltd
offers innovative security solutions including tagging, labelling
and CCTV.
The information contained within this
announcement is deemed by the Company to constitute inside
information as stipulated under the Market Abuse Regulation (EU)
No. 596/2014 as it forms part of United
Kingdom domestic law by virtue of the European Union
(Withdrawal) Act 2018 (as amended).