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Hays plc: Annual General Meeting statement

Hays plc: Annual General Meeting statement

Hays plc, the leading global professional recruiting group, will hold its Annual General Meeting today. Bob Lawson, Chairman, will make the following comments to shareholders:

"On 7 October, we issued an Interim Management Statement for the quarter ended 30 September 2010. In that statement we stated that net fees increased 21% in the quarter (18% on a like-for-like basis*) and that we are seeing strong and broad based growth across most of our markets, particularly in our International business which increased fees by a third* in the quarter. The outlook is good across 90% of our markets and we are continuing to invest in headcount across Asia Pacific, Continental Europe and South America to ensure that we fully capitalise on the significant growth opportunities in our markets across the world.

I am pleased to say that these comments still apply today. A more detailed trading update for the quarter ending 31December 2010 will be provided on 6 January 2011.

As we announced earlier in the year this is my last AGM as Chairman as I retire from the Board today. It has been a privilege for me to serve as your Chairman since 2001, and longer as a director of the Company. In that time I've seen
tremendous change at Hays and I'm proud of what we have achieved together. Hays is a great company and it's in very good shape. And as I hand over to Alan Thomson, who becomes Chairman from the end of this AGM, I know that it will remain in good hands. I have enjoyed my time at Hays tremendously and I wish Alan and everyone in the business great success in the future."

* LFL is like-for-like growth, which represents organic growth of continuing activities at constant currency.

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