Lamprell plc Updated release date of the 2019 financial results (1682H)
23 Marzo 2020 - 8:36AM
UK Regulatory
TIDMLAM
RNS Number : 1682H
Lamprell plc
23 March 2020
23 March 2020
LAMPRELL PLC
("Lamprell" and with its subsidiaries the "Group")
UPDATE TO RELEASE DATE OF THE 2019 FINANCIAL RESULTS
Lamprell has received a letter from the Financial Conduct
Authority ("FCA") requesting all companies that are due to report
in the next few weeks to defer the release of their 2019 financial
results, as a result of the unprecedented practical challenges that
listed companies and the audit profession are facing during the
ongoing Coronavirus crisis. We note the FCA's announcement earlier
this morning which provides further information on this subject
matter:
https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/other/14472186.html.
As a result, the Board of Lamprell plc has agreed to accommodate
the FCA's request and will defer the release of Lamprell's 2019
financial results, which will not now be issued this week as
planned. We will issue an announcement regarding the new date for
release in due course following publication of further guidance
from the FCA.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
- Ends -
Enquiries:
Lamprell plc
Maria Babkina, Investor Relations +44 (0) 7852 618 046
Tulchan Communications, London +44 (0) 207 353 4200
Martin Robinson
Martin Pengelley
Notes to editors
Lamprell PLC, based in the United Arab Emirates ("UAE") and with
over 40 years' experience, is a leading provider of fabrication,
engineering and contracting services to the offshore and onshore
oil & gas and renewable energy industries. The Group has
established leading market positions in the fabrication of
shallow-water drilling jackup rigs, liftboats, land rigs, and rig
refurbishment projects, and it also has an international reputation
for building complex offshore and onshore process modules and fixed
platforms.
Lamprell employs around 5,000 people across multiple facilities,
with its primary facilities located in Hamriyah, Sharjah and Jebel
Ali, all of which are in the UAE. In addition, the Group has
facilities in Saudi Arabia (through a joint venture agreement).
Combined, the Group's facilities cover approximately 828,000 m2
with 1.6 km of quayside.
Lamprell is listed on the London Stock Exchange (symbol
"LAM").
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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March 23, 2020 03:36 ET (07:36 GMT)
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