Interserve PLC Update on Coltrane Asset Management L.P Proposal (8051R)

TIDMIRV

RNS Number : 8051R

Interserve PLC

04 March 2019

Update on COLTRANE ASSET MANAGEMENT L.P. PROPOSAL

Following the announcement of 22 February 2019, the Board has this afternoon received an updated proposal from Coltrane Asset Management L.P., which it is considering.

A further announcement will be made in due course. In the meantime, the Board remains committed to achieving a consensual deleveraging plan.

ENDS

This announcement contains forward-looking statements in respect of the Group and its Deleveraging Plan. By their nature, these statements involve uncertainty, known and unknown risks and other factors and therefore assurance cannot be given that any particular expectation will be met. In particular, while Interserve continues to work towards the implementation of the Deleveraging Plan in the first quarter of 2019, there can be no assurance that the Deleveraging Plan will be implemented unless and until agreements have been reached with several parties and until all conditions are satisfied.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION RELATING TO INTERSERVE PLC.

LEI: 549300MVYY4EZCRFHZ09

For further information please contact:

   Jonathan Refoy                                                [phone] 

Interserve plc

   Martin Robinson                                             [phone] 

Tulchan Communications

About Interserve

Interserve is one of the world's foremost support services and construction companies. Everything we do is shaped by our core values. We are a leader in innovative and sustainable outcomes for our clients and a great place to work for our people. We offer advice, design, construction, equipment, facilities management and frontline public services. We are headquartered in the UK and FTSE-listed. We have consolidated revenues of GBP2.9bn and a workforce of circa 68,000 people worldwide.

www.interserve.com

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March 04, 2019 13:03 ET (18:03 GMT)