Bilby PLC Statement re: CarillionAmey Limited (0630C)

TIDMBILB

RNS Number : 0630C

Bilby PLC

17 January 2018

17 January 2018

Bilby Plc

("Bilby" or the "Group")

Statement re: CarillionAmey Limited

Bilby Plc (AIM: BILB.L), a leading gas heating, electrical and building services provider, notes Carillion Plc's ("Carillion") recent announcement that Carillion has entered into immediate compulsory liquidation, and gives the following update in relation to its contract with CarillionAmey Limited ("CarillionAmey"), a joint venture between Carillion and Amey UK Plc ("Amey").

The Group does not believe these recent developments will have any financial impact on Bilby's trading. As previously announced, Bilby currently has two contracts to provide building and support services for three of The Ministry of Defence regions. This work is carried out on behalf of CarillionAmey, a separate legal entity that operates independently of Carillion.

Bilby notes the statement by Amey on 15 January 2018 in which Amey stated that the terms of the CarillionAmey joint venture mean that Amey will now continue to provide the services previously provided by CarillionAmey.

Bilby also notes that Amey has confirmed it is fully prepared to continue the service obligation of the CarillionAmey contracts without adverse effect on the employees of the joint venture or its supply chain.

The Group maintains a strong relationship with Amey and is proud of the high level of service it provides The Ministry of Defence.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

Enquiries:

 
 Bilby Plc 
  Phil Copolo, Deputy Executive 
  Chairman 
  Sangita Shah, Non-Executive 
  Chairman 
  David Ellingham, Finance 
  Director                         020 3874 7088 
 
 Northland Capital Partner 
  (Nominated Adviser and 
  Broker) 
  Corporate Finance: 
  David Hignell 
  Matthew Johnson 
 
  Sales and Broking: 
  Bob Pountney 
  John Howes                       020 3861 6625 
 
 Hudson Sandler 
  (Financial PR) 
  Charlie Jack 
  Bertie Berger                    020 7796 4133 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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January 17, 2018 02:00 ET (07:00 GMT)