Investor Relations

In The News & Press Releases

We collate news stories in which printing.com appears in our news archives. Previous press releases are also available.

For the latest printing.com share prices listed on AIM, please see their website.

Printing.com Background

In the UK and Ireland Printing.com offers a broad product range including leaflets, booklets, postcards, promotional cards, invitations, letterheads and business cards to consumers and small and medium sized companies. Unlike its competitors, Printing.com Franchises and Stores do not depend on any printing equipment on location. The Company’s printing and ancillary equipment is based at the centralised Production Hub with the head office in Manchester. All work is produced in full four colour rather than two colour. Delivery to the customer is usually within three days. The printing sector has traditionally been served by smaller printing companies or other On Demand Printers and is estimated to be worth some £1 billion.

Printing.com has three routes to market: Franchise Stores, Bolt-on Franchises and Company owned Stores.

Directors, Board Responsibilities & Committees

Company Directors

George Hardie FCA, FCT — Chairman

George qualified as a Chartered Accountant in 1965. After being appointed as group financial director of Richard Johnson & Nephew Limited (which subsequently became Firth Rixson plc), he became joint group managing director in 1989. In 1994, he led the buyout of six subsidiaries of the Firth Rixson group. Apart from the Group, he is a non-executive director of four other companies. George has extensive experience in financial and general management, in both large and small companies, and in mergers and acquisitions. He joined the Group in 2000 and is chairman of the Remuneration Committee. Age 68.

Tony Rafferty — Chief Executive

Tony studied Electronics and Electrical Engineering at Sheffield University from 1987, developing an interest in marketing and promotional activity whilst managing Student Union entertainments. He worked in First Leisure’s Superbowl division briefly in 1990 before operating as a self- employed print broker. In 1992 he founded a printing company which subsequently became Printing.com Europe Ltd and which was acquired by the Company shortly before its admission to Ofex in 2000. He has shaped the Group over the past decade and devised its business and sales models. He also designed and developed the Flyerlink® system which defines the Group’s work-flow. Age 39.

Les Wheatley, FCA — Non-Executive Director

Les brings substantial expertise to the Board in the fields of corporate governance, finance, logistics, change management and affinity marketing gained with Newcastle United FC and Liverpool FC. Currently, Les is the Director of Finance at Liverpool FC, a position he took in 2000, moving from a similar post with Newcastle. He is also a director of Liverpoolfc.com, a joint venture company set up with Granada Media Group. Les gained his logistics and change management expertise with Ernst & Young before going on to lead the employee buy-out of GM Buses where he was subsequently appointed MD. A successful exit followed, via a trade sale to Stagecoach Group plc in 1996. Les joined the Group in September 2000 and is Chairman of the Audit Committee. Age 54.

Peter Gunning MA — Operations Director

After obtaining his Masters Degree in Accountancy and Finance from Heriot-Watt University in 1997, Peter established The Design Foundry Scotland Limited and was a client of the business which was to become Printing.com. Since joining the Group in 1998, he has been responsible for developing the Printing.com Store concept associated marketing and operations infrastructure. Peter was appointed to the Board in June 2001. Age 32.

Alan Q Roberts FCMA — Finance Director

Alan qualified as a Chartered Management Accountant in 1981 whilst company accountant of Moon Brothers Engineering. He then moved to the Edward Billington Group as divisional accountant and from there he joined Dalgety as group accountant for the Merseyside production facilities. Moving to CQR in 1987 (acquired by Expamet International in 1988) as management accountant, he was subsequently appointed financial director & company secretary in 1991. The company was sold to Channel Holdings in 1995 and in 1997 he was appointed operations director by which time the company had turnover of c£20m per annum. Alan joined the Group in June 1999. Age 51.

Board Structure

The Board comprises R G Hardie (Chairman (Non-executive), A Rafferty (Chief Executive), A Q Roberts (Finance Director), P R Gunning (Operations Director) and L A Wheatley (Non-executive Director).

The Board is responsible to shareholders for the proper management of the Group. A statement of directors’ responsibilities in respect of the accounts is set out below. The Non-Executive Directors have a particular responsibility to ensure that the strategies proposed by the Executive Directors are fully considered. The Non-executive Directors are considered by the Board to be independent of management and free of any relationship, which could materially interfere with the exercise of their independent judgement. All Non-executives receive a fixed fee for their services. To enable the Board to discharge its duties, all Directors have full and timely access to all relevant information and there is a procedure for all Directors, in furtherance of their duties, to take independent professional advice, if necessary, at the expense of the Group. The Board has a formal schedule of matters reserved to it and meets at least 10 times a year. It is responsible for overall Group strategy, approval of major capital expenditure projects and consideration of significant financing matters.

The differing roles of Chairman and Chief Executive are acknowledged and defined in separate statements approved by the Board. The key functions of the Chairman are to conduct Board meetings and meetings of shareholders and to ensure that all directors are properly briefed in order to take a full and constructive part in Board discussions. The Chief Executive is required to develop and lead business strategies and processes to enable the Company’s business to meet the requirements of its shareholders.

Directors’ Responsibilities

Company law requires the Directors to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Group and Company and of the profit or loss of the Group for that period. In preparing those financial statements, the Directors are required to:

1. select suitable accounting policies and then apply them consistently;
2. make judgements and estimates that are reasonable and prudent;
3. state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements.

The Directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Group and to enable them to ensure that the financial statements comply with the requirements of the Companies Act 1985. They are also responsible for safeguarding the assets of the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Directors are also responsible for the maintenance and integrity of the Printing.com plc website.

Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Board Committees

The following Committees, which have written terms of reference, deal with specific aspects of the Group’s affairs.

• The Remuneration Committee is responsible for making recommendations to the Board on the Company’s framework of Executive remuneration and its cost. The Committee determines the contract terms, remuneration and other benefits for each of the Executive Directors, including performance related bonus schemes, pension rights and compensation payments. The Board itself determines the remuneration of the Non-executive Directors. The committee comprises R G Hardie and L A Wheatley. It is chaired by R G Hardie and meets at least once a year.
• The Audit Committee comprises R G Hardie and L A Wheatley and is chaired by L A Wheatley. Its prime tasks are to review the scope of external audit, to receive regular reports from KPMG Audit plc, and to review the half-yearly and annual accounts before they are presented to the Board, focusing in particular on accounting policies and areas of management judgment and estimation. The Committee is responsible for monitoring the controls which are in force to ensure the integrity of the information reported to the shareholders. The Committee acts as a forum for discussion of internal control issues and contributes to the Board’s review of the effectiveness of the Group’s internal control and risk management systems and processes. It advises the Board on the appointment of external auditors and on their remuneration for both audit and non-audit work, and discusses the nature and scope of the audit with the external auditors. It reviews and monitors the independence of the auditors especially with regard to non audit work. It meets at least twice a year including immediately before the submission of the annual and interim financial statements to the Board.

Any new Non-executive Directors will be asked to join both Committees.

Company & Company Advisers

Incorporation & Operation

1. Printing.com plc incorporated in England & Wales Reg.No.3983312.
2. Principle countries of operation are currently UK and Ireland.
3. Company Number: 03983312 (England and Wales)

Registered Office

Third Avenue
The Village
Trafford Park
MANCHESTER
M17 1FG

Company Secretary

Alan Q Roberts, FCMA

Nominated Advisers and Other Key Advisers To The Company

Constitutional Documents of the Company

Memorandum Of Association Articles Of Association

Trading Platforms and AIM Securities

Trading platforms

• The Company’s securities are only traded on AIM.
• There are no restrictions on the transfer of the Company’s AIM Securities.

AIM Securities

AIM Securities in issue as at 4th May 2007 totaled 44,746,500.

Of these securities 64.36% are not held in public hands.

Major Interest In Shares

At 4 May 2007 the following shareholders held interests in excess of 3% of ordinary share capital:

	Percentage Holding	Number of Ordinary Shares of 1p each
Brewin Dolphin Securities Limited	13.60	6,086,409
DWS Investments	8.49	3,800,000
Barclays Private Banking	4.82	2,155,912
Rathbone Investment Management Limited	4.10	1,834,732
Seymour Pierce Ellis	3.66	1,636,355
Collins Stewart(CI) Limited	3.41	1,527,656

No other person has notified an interest in the ordinary share capital of the Company.

Directors’ Interests

At 2 April 2007, the Directors had the following beneficial interests in the Company’s shares and options to subscribe for shares:

	Ordinary shares of 1p each 02.04.07		SHARE OPTIONS Exercise price	02.04.07
R G Hardie	1,596,149		–	–
A Rafferty	9,159,222		–	–
P R Gunning	684,646	a)	32.5p	300,000
A Q Roberts	320,000	a)	32.5p	300,000
L A Wheatley	–			–

The options granted under a) have been granted under the Company’s EMI scheme. These options are subject to performance criteria relating to earnings per share and are exercisable in tranches of 75,000 ordinary shares.

Annual & Interim Reports and 2004 AIM Prospectus

Reports are available for download in PDF. format below.

AIM Notifications

The following notifications have been made by the Company to the market over the past two years, and are available for download in PDF format:

2007

• 03-08-2007 – 2007 AGM Statement
• 28-06-2007 – Date and Posting of Annual Report
• 05-06-2007 – Preliminary Results for Year Ended 2 April 2007
• 10-05-2007 – 2007 Preliminary Results Announcement
• 10-04-2007 – Pre-close Trading Statement
• 02-04-2007 – Notice of Pre-Close Trading Update
• 09-01-2007 – Final Auditor Release – Revision of Tax Computations

2006

• 21-11-2006 – Interim Results
• 31-10-2006 – Purchase of shares by Directors
• 30-10-2006 – Interim Results
• 28-07-2006 – AGM Statement
• 08-06-2006 – Preliminary Results Announcement
• 01-06-2006 – 2006 Preliminary Release year ended 31March
• 07-04-2006 – Pre-close Trading Statement

Register

If you are a shareholder and wish to receive information, please register below.

Name

Email

Address