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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| John Laing Group Plc | LSE:JLG | London | Ordinary Share | GB00BVC3CB83 | ORD 10P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 402.60 | 402.60 | 402.80 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMJLG
RNS Number : 0827Q
John Laing Group plc
15 June 2015
15 June 2015
John Laing Group plc
Statement re: East West Link project, Melbourne, Australia.
Further to John Laing Group's announcement dated 15 April 2015 that the East West Connect consortium, in which John Laing Group has a 30% shareholding, had reached an agreement with the Victorian Government in the form of a non-binding Heads of Agreement, John Laing Group today announces that the consortium has agreed a final resolution to the East West Link project.
Under the terms of the agreement with the Victorian Government, John Laing Group's investment commitment of GBP60.7 million (sterling equivalent at 31 December 2014), which is made up of cash collateral and a letter of credit, will be returned shortly in full. As previously disclosed, John Laing ascribed no value to this project in its portfolio valuation as at 31 December 2014.
Ends
Further information
Media enquiries: Peter Ogden, Maitland +44 20 7379 5151
About East West Link
John Laing Group, as part of the East West Connect consortium, which also includes QIC, Capella Capital, Lend Lease, Bouygues and Acciona, reached financial close on the East West Link Project in October 2014. Following the November 2014 election in Victoria, the Government directed the consortium to suspend work on the East West Link project. This suspension was previously highlighted in John Laing's Audited Results for the year ended 31 December 2014.
About John Laing
John Laing is an originator, active investor and manager of international infrastructure projects. We invest at the greenfield stage and our business is focused on major transport, social and environmental infrastructure projects awarded under governmental public-private partnership (PPP) programmes, and renewable energy projects, across a range of international markets including Asia Pacific, UK, Europe and North America. We are one of the world's most trusted brands in the field of infrastructure thanks to our expertise and credentials, with more than 100 projects in the last 30 years. On 17 February 2015, shares in John Laing were admitted to listing on the London Stock Exchange.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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