Sandal plc : AGM Statement 25 November 2016 SANDAL PLC

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
Sandal plc : AGM Statement

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.

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Lyric Health's AI System Promises Data-Driven Revolution

Updated Category News Views 6

A Bold Step in Healthcare Coordination No doubt about it, healthcare is a mess. It's like trying to patch a leaking ship with duct tape—point solutions here, add-ons there, and nothing truly working in harmony. And in storms in Lyric Health, claiming they've got the answer. They've launched an AI-powered Healthcare Operating System meant to unify these disjointed pieces...

Continue Reading
Medicare Competitive Bidding May Slash Jobs, Access

Updated Category News Views 5

Medicare's New Program: Potential Knockout Punch? Today, we dive into Medicare's latest shake-up that might just be the unseen wrecking ball swinging toward thousands of jobs and small businesses in the healthcare sector. Two years from now, starting January 2028, the Competitive Bidding Program is set to reroute the entire landscape for suppliers of key medical products...

Continue Reading
Red Banyan Earns Top Honors in Florida for 2026

Updated Category News Views 8

Red Banyan: A Powerhouse in Reputation Management Boy, have you ever watched a company rise through the ranks almost like a caffeine kick on a drowsy morning? That's Red Banyan for you. This outfit, right out of Fort Lauderdale, snagged the '2026 Best of Florida' award as the cream of the crop in the Business Consulting Firms category. It’s like taking home an Oscar in...

Continue Reading
OrthoAtlanta Expands with Dr. Smith's Expertise Hire

Updated Category News Views 5

OrthoAtlanta Welcomes New Orthopedic Surgeon In a world where healthcare organizations are constantly stretching their wings, this new addition of Dr. Carson J. Smith to the fold at Piedmont Orthopedics | OrthoAtlanta stands out. This isn't just some cosmetic face-lift, folks. It's a real investment in the community, not to mention a crucial broadening of what this...

Continue Reading
Finastra Recognized as 2026 Leader in Payment Platforms

Updated Category News Views 8

Finastra Steals the Spotlight in Payments Innovation When it comes to the modern world of finance, nothing screams ‘adapt or fade into oblivion’ like the payments industry. Well, here’s a reality check from QKS Group: Finastra has snatched the spotlight in their SPARK Matrix™ for 2026 as a powerhouse in integrated bank payments platforms. Clearly, this ain’t...

Continue Reading
B2B Growth Hinges on Narrative Coherence, Study Shows

Updated Category News Views 7

Clear Stories, Stronger Growth If companies can't tell a clear story that their buyers understand and believe, they're destined to stagnate. That's the blunt reality kompeld is pushing with their H2 2026 Narrative Coherence Benchmark. The report scores 150 B2B tech companies on their narrative coherence, showing there's a stark correlation between storytelling and growth....

Continue Reading
American Savings Bank IPO Hits NYSE: $129M Raised

Updated Category News Views 14

A Big Day for American Savings Bank Buckled up yet? Because American Savings Bank has just shot onto the NYSE, raising a hefty $129 million. A solid start, I’d say, for a Honolulu-based outfit that now struts around with a valuation tipping beyond $1.03 billion. That’s what you get when you price more than eight million shares at $16 a pop. NYSE:ASBH is the new kid on...

Continue Reading
Goddess Maintenance Co. Eyes BeautyMatter Award

Updated Category News Views 6

Challenging the Haircare Norm with Confidence Goddess Maintenance Co. doesn't just draft a fresh play in the beauty industry playbook—it's ripping out the old pages and setting a new standard. This ain't your granny's haircare game anymore, folks. They're up for a 2026 BeautyMatter Award, a nod to their gut-busting innovation in the conditioner category with their star...

Continue Reading
Ransoms and Mega-Losses Surge in Cyber Claims Study

Updated Category News Views 6

Cyber Costs Skyrocket in Latest Study NetDiligence’s 2026 Cyber Claims Study isn't just another report—it’s a wake-up call. The numbers paint a stark picture: cyber incidents are burning deeper holes in pockets, and no one's immune. Whether you're a scrappy SME or a lumbering corporate giant, this report puts a magnifying glass to the chilling reality of cyber...

Continue Reading
Koogler's Sale to ALL4: A Game-Changer for the Southeast

Updated Category News Views 6

A Strategic Alignment Unfolds in Environmental Engineering Ever notice how those industry shifts often sneak up on you, only to leave a mark that's hard to ignore? That's exactly what's playing out with Koogler & Associates' recent hookup with ALL4 LLC. Set aside that coffee, this one's too important to miss if you've got a stake in the environmental consulting game or...

Continue Reading

Top 5 Most Recently Viewed Articles

Harvest Portfolios Group Announces Distributions for Investors

Updated Category News Views 41

Harvest Portfolios Group Unveils New Cash Distributions Recently, Harvest Portfolios Group Inc. made an announcement that will surely please its investors. They’ve declared a monthly cash distribution for those holding shares in Big Pharma Split Corp. Specifically, class A shareholders will receive a payment of $0.1031 per share for the month ending September 30, 2024....

Continue Reading
Tokyo's Core CPI Observes a Stable 2.0% Increase Annually

Updated Category News Views 284

Tokyo's core consumer prices climbed 2.0% in September compared to last year, marking a critical signal for traders keeping an eye on inflation trends. This CPI figure doesn’t just reflect seasonal fluctuations—it's the kind of data that keeps market players sweating over interest rates and fiscal maneuvers. Core CPI: The Market Pulse The core CPI for Tokyo is like...

Continue Reading
Canary Speech Sets New Cybersecurity Standard with HITRUST Certification

Updated Category News Views 229

Canary Speech Achieves HITRUST e1 Certification HITRUST e1 Certification validates Canary Speech's commitment to foundational cybersecurity controls and information risk management Canary Speech has recently announced the achievement of HITRUST e1 Certification for its Canary Speech Technology and Services Platform hosted on Azure Cloud Services. This certification...

Continue Reading
Alarming Trends: Canada's Rising Crime Rate Compared to U.S.

Updated Category News Views 238

Canada's Crime Rates on the Rise Recent data reveals a concerning trend regarding crime rates in Canada. A new study from an independent think tank indicates that both violent crime and property crime rates are increasing and are now higher than those in the United States. This information challenges the long-held belief that Canada is significantly safer than its...

Continue Reading
Cryptocurrency Market Trends: Should You Sell Now?

Updated Category News Views 124

Market Trends in Cryptocurrency In recent days, Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and XRP (CRYPTO: XRP) have witnessed significant declines, raising concerns among investors about whether it's time to panic sell. While market fluctuations are common, understanding the trends can help investors make informed decisions. Bitcoin's Current Position Bitcoin's...

Continue Reading