RNS Number : 4574W
TEG Group (The) PLC
11 June 2008
For release 11 June 2008
The TEG GROUP PLC (TEG)
("TEG" or "the Company")
Notice of Publication of Annual Report and Accounts
The TEG Group PLC, the AIM-listed cutting edge green technology company, which converts
organic wastes into natural organic fertiliser,
announces its Annual Report and Accounts for the year ended 31 December 2007 have been
published and posted to all shareholders of the
Company. Copies of the Annual Report and Accounts are available on the Company's website at
www.theteggroup.plc.uk.
ENDS
Contact:
The TEG Group Plc Tel: 01772 314100
Tanja Willis, Finance Director
Adventis Financial PR Tel: 020 7034 4758
Tarquin Edwards
Canaccord Adams (Nomad) Tel : 020 7050 6500
Robert Finlay
Editor's Notes:
TEG
TEG provides an in-vessel composting technology, which is one of the few approved
technologies capable of treating animal by-product
(ABP) waste. Plant economics are predominantly driven by the gate fees charged, rather than
the value of the end product (compost). The TEG
process is an economic alternative to landfill.
The Silo Cage system, one of the few technologies in Europe capable of treating this
waste, is a natural process producing compost as an
end product, used as an excellent soil conditioner that fertilises, retains moisture, provides
structure and reduces the incidence of plant
disease. TEG's Silo-Cages are housed in self-contained buildings, are not unsightly and are
environmentally friendly.
Customers include local authorities, waste management companies, food processors, farmers
and landowners. The Company's expanding market
is driven by increasingly stringent EU and UK legislation regulating the treatment and
disposal of organic waste. Statutory targets for the
diversion of waste from landfill increase annually through to 2020, increasing TEG's market
opportunity year on year. The Waste Resource
Action Programme estimates that 450 composting plants will be needed by 2020 to satisfy local
authority requirements alone, and there is
increasing demand from the private sector driven by ABP legislation.
NOFCO is a marketing company specialising in the development of end markets for compost
products, an important aspect of all plant
developments and key to local authority development. The company has an expertise in the
development of agricultural and horticultural
markets and this capability is to be provided to customers to enhance TEG's overall service
offering.
This information is provided by RNS
The company news service from the London Stock Exchange
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