RNS Number : 0016F
Abbey PLC
03 October 2008
AGM Statement
CHAIRMAN'S REMARKS TO SHAREHOLDERS AT AGM
ABBEY CURRENT TRADING
Ladies and Gentlemen, welcome to the 71st Annual General Meeting of Abbey plc. Before commencing the formalities this morning, I wish to
make a brief statement about current trading.
Trading in the early months of the new year has proved difficult, however, recent weeks have seen some slight improvement as the autumn
selling season gets underway.
In southern England reasonable activity is being driven by aggressive price reductions in a fast falling market.
In Ireland our recent launch of the second phase in Holywell, Kilcoole, Co Wicklow has being very well received with a good level of
forward sales being achieved.
Overall, the Group is trading profitably, (before any inventory adjustments), and is hopeful that the greatest extent of the market
downturn will soon be behind us.
Charles H Gallagher
Executive Chairman
ENDS
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