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DJ Sandal plc Sandal Plc : Agm Statement

 
TIDMSAND 
 
 
   25 November 2016 
 
   SANDAL PLC 
 
   ("Sandal" or the "Company") 
 
 
 
   AGM STATEMENT 
 
   At the Annual General Meeting ("AGM") of Sandal plc, the designer, 
developer and manufacturer of electronic products, being held in London 
at 10:30 a.m. today, the Company's CEO, Alan Tadd, will make the 
following statement: 
 
   "Trading since the start of the financial year has been in line with the 
Board's expectations and is within the forecasts contained in Daniel 
Stewart's research note published on 18 October 2016. 
 
   "Since the end of the financial year under review, the Company has 
announced the integration of its Energenie MiHome products with the Nest 
Intelligent Learning Thermostat and the Amazon Echo range of home 
automation products which should enable the Company to maximise sales 
for its MiHome Home Automation product range. 
 
   "A further exciting recent development is the adoption of the MiHome 
product range by Sainsbury's and Argos. MiHome product will be available 
in 100 Sainsbury's stores before Christmas and will be in the Argos 
catalogue being launched in February 2017. The whole MiHome range will 
be available online at Argos. 
 
   "We believe this is a significant development for the market as it 
indicates that the Smart Home product category is starting to enter the 
consumer mainstream.  We have always believed that market penetration 
would start to gather momentum in 2017 and it would appear that this is 
indeed the case. Our pricing strategy and strong distribution 
arrangements with Exertis (UK) Ltd. will enable us to reap the benefits 
of this market change. " 
 
 
 
   Ends 
 
   The directors of the Company accept responsibility for the contents of 
this announcement. 
 
 
 
   Enquiries: 
 
   Sandal Plc                                                                                                                                            01279 422022 
 
 
   Alan Tadd, CEO 
 
   Oliver Tadd, Director 
 
   www.sandal-plc.co.uk 
 
   Daniel Stewart & Co plc                                                                                                                 020 7776 6550 
 
 
   Peter Shea/Daphne Zhang 
 
   MB Communications                                                                                                                      07860 489571 
 
 
   Maxine Barnes 
 
   Note to Editors: 
 
   Sandal plc commenced business in 1996 and designs, develops and 
manufactures consumer electronics products. Its business is divided into 
two distinct product groups, PowerConnections, a long established 
wholesaler and reseller of a successful and patented range of converter 
plugs and power cables, and Energenie, which sells a newer product range 
that includes energy saving products, portable charging devices and the 
new MiHome range of products aimed at the "Home Automation" and 
"Internet of Things" marketplace. 
 
   PowerConnections is a supplier to customers, in the UK and abroad, of 
single-phase electrical connection products. The products are 
manufactured in three partner factories in the Far East and have 
distributors worldwide for its range of patented converter plugs. The 
Company's product portfolio consists of International Power Leads, 
Rewireable Plugs, Converters and Connectors. These products are stocked 
in the Far East, Australia and UK. 
 
   Energenie offers Eco and electrical, travel and energy saving products 
for homes and offices, reducing energy usage and the Home Automation 
sector. It has store listings for its current products with several 
large retailers including Homebase, Maplin, Amazon, Screwfix, 
Toolstation and ASDA. 
 
   The new range of MiHome home automation products makes the remote 
operation of everyday household appliances and energy monitoring more 
accessible to consumers due to better affordability and simplicity of 
control through smartphone and tablet connectivity. 
 
   This announcement is distributed by Nasdaq Corporate Solutions on behalf 
of Nasdaq Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Sandal plc via Globenewswire 
 
 
  http://www.sandal-plc.co.uk/ 
 

(END) Dow Jones Newswires

November 25, 2016 02:00 ET (07:00 GMT)