Wednesday 18 March 2020
Nexus Infrastructure plc
("Nexus" or the "Group")
At the Annual General meeting of Nexus Infrastructure plc (AIM:NEXS), a leading provider of essential infrastructure services, utilities connections and electric vehicle infrastructure, convened for 9.00 am today, Geoff French, the Chairman will state:
"The Group continues to build on its market leading positions in Tamdown and TriConnex whilst building up the nascent eSmart Network business and is firmly placed to execute on its well-defined strategy to deliver profitable growth and future value for shareholders.
The Board confirms today that the results for the Group for the year to date are in line with its expectations.
While it is too early to determine what the short term impact of the COVID-19 outbreak and market uncertainty will have on the UK economy and construction industry, sales activity on the Group's sites currently remains strong. The Board is monitoring the situation closely and will provide a further update should there be an impact on the Group's operational or financial position."
Nexus Infrastructure plc
Michael Morris, Chief Executive Officer
Alan Martin, Chief Financial Officer
Tel: 01376 320856
Numis Securities Limited
(Nominated Adviser & Broker)
Oliver Hardy (Nomad)
Tel: 0207 260 1200
Financial Public Relations
Tel: 0203 757 4992
Notes to Editors:
Nexus is a leading provider of essential infrastructure services to the UK housebuilding and commercial sectors. The Group comprises: Tamdown, a provider of specialised civil engineering, infrastructure and concrete frame services; TriConnex which designs, installs and connects utility networks to properties on new residential and commercial developments; and eSmart Networks which focuses on electric vehicle charging and smart grid infrastructure.
Tamdown has a well-established market position having been in operation for over 40 years and currently counts amongst its customers the majority of the top ten largest UK housebuilders. TriConnex was established in 2011 to take advantage of deregulation in the utilities market with the goal of being recognised as the UK's leading independent provider of utility connections to new developments. eSmart Networks was set up in 2017 to respond to the UK's need for charging infrastructure as the transition from internal combustion engine vehicles to electric vehicles gathers pace.
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