‘Business as usual’ at VP plc

The majority owner of VP plc will tell shareholders today that it is ‘business as usual’ at the company despite the ongoing sale process.

Speaking at the company’s annual general meeting today, Jeremy Pilkington, VP’s Chairman, said shareholders will be given information on the sale “when appropriate to do so and, in the meantime, it is ‘business as usual’ as we stay fully focused on delivering on our plans for the current financial year.”

VP plc runs a number of specialist rental divisions.

At the end of April VP plc announced that Pilkington was investigating options to sell his 50.26% shareholding in the company.

At the AGM, Pilkington said trading has been positive in the new financial year, since the start of April, with good demand, particularly in infrastructure and housebuilding markets.

He added; “Activity levels in both our UK and International divisions are encouraging and whilst the headwinds of cost inflation and supply chain disruption remain we continue to make good progress.”