Company Announcements

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.

London, Tuesday, 2 July 2024

TRIFAST PLC

(Trifast, Group or Company)

Update: publication of FY24 results - revision of release date

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Further to the Notice of results announcements of 25 April and 11 June 2024, the Company has been notified by BDO LLP, the Company's auditors, that it requires additional time to complete their audit processes. Consequently, due to this delay, Trifast will not publish its annual results for the year ended 31 March 2024, on 4 July 2024, as previously advised.

The 'live' presentation of results via the Investor Meet Company platform will also be rescheduled and attendees will be advised of the revised date and time in due course, and this will coincide with the revised publication date of the FY24 results.

The Board confirms that results for the year ended 31 March 2024 remain in line with the previous guidance provided in January 2024, indicating a revised revenue at c.£230m and adjusted EBIT margin percentage of c.5%.

The Company expects the revised announcement to be Tuesday, 6 August 2024: this will be confirmed in due course via a Notice of results announcement as soon as practicable. The Group will also provide shareholders with an update on the Group's refreshed strategy.

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About Trifast plc (LSE Main listing: symbol: TRI)

Founded in 1973, Trifast is a leading international specialist in the design, engineering, manufacture, and distribution of high-quality industrial fastenings and Category 'C' components principally to major global assembly industries. 

As an international business we can provide customer support from across key regions in the UK & Ireland, Asia, Europe, and North America. In addition to our service locations, we operate several manufacturing facilities focused on high volume cold forged fasteners and special parts. We have also established Engineering & innovation centres to support R&D and customer collaboration across the world.

The Group supplies to customers in c.70 countries across a wide range of industries, including light vehicle, heavy vehicle, health & home, energy, tech, & infrastructure (ET&I), general industrial and distributors. As a full-service provider to multinational OEMs and Tier 1 companies spanning several sectors, we deliver comprehensive support to our customers across every requirement, from concept design through to technical engineering consultancy, manufacturing, supply management and global logistics.

For more information, visit:

TRIFAST PLC TRI Stock | London Stock Exchange

Investor website: www.trifast.com

LinkedIn: www.linkedin.com/company/tr-fastenings

Twitter: www.twitter.com/trfastenings

Facebook: www.facebook.com/trfastenings

Note

Trifast, TR and TR Fastenings are registered trademarks of the Company.

LEI number: 213800WFIVE6RWK3CR22