Skellerup reports strong start to FY19

24 October 2018
Skellerup reports strong start to FY19
Speaking ahead of today’s Annual Shareholders’ Meeting, Skellerup Chair Liz Coutts said trading for
Q1 of the current year generated EBIT in excess of 10% ahead of the comparable quarter in the prior
year.
Mrs Coutts said “We expect an improvement in profitability in FY19 with increased earnings in our
Industrial Division offsetting the recent softening in international dairy markets and the uncertainty
surrounding international trade.”
Skellerup also announced the introduction of a long-term incentive plan under which share options
will initially be issued to David Mair and Graham Leaming (CFO) on 26 October 2018. Share options
will be priced at the 20-day volume weighted market price for the period 27 September to 25
October 2018. One million (1,000,000) share options will be granted to Mair; Six hundred thousand
(600,000) share options will be granted to Leaming. The share options will have a 2-year vesting
period.


For further information please contact:
David Mair Graham Leaming
Chief Executive Officer Chief Financial Officer
021 708 021 021 271 9206