Lamprell plc Debt Facility Extension (2381W)
09 Dicembre 2019 - 2:02PM
UK Regulatory
TIDMLAM
RNS Number : 2381W
Lamprell plc
09 December 2019
9 December 2019
LAMPRELL PLC
("Lamprell" and with its subsidiaries the "Group")
DEBT FACILITY EXTENSION
Lamprell announces that it has today agreed an extension to its
current debt facility of USD 30 million until 14 April 2020.
Discussions with a syndicate of international banks in respect
of a new banking facility are ongoing and we will provide an update
as soon as appropriate.
Lamprell will provide a trading update on its performance on
16th January 2020.
- 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 4,000 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").
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END
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December 09, 2019 08:02 ET (13:02 GMT)
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