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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Keller Group Plc | LSE:KLR | London | Ordinary Share | GB0004866223 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-2.00 | -0.19% | 1,050.00 | 1,048.00 | 1,054.00 | 1,058.00 | 1,046.00 | 1,052.00 | 29,470 | 11:27:53 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Engineering Services | 2.97B | 89.4M | 1.2284 | 8.55 | 764.15M |
TIDMKLR Keller Group plc 24 March 2017 Keller Group plc ("the Company") - Annual Report 2016 In accordance with Listing Rule 9.6.1, copies of the following documents have been submitted to the National Storage Mechanism: * Annual Report and Accounts for the year ended 31 December 2016 (the 'Annual Report 2016') * The notice of Annual General Meeting 2017 * Form of proxy for the Annual General Meeting These documents will shortly be available for inspection at the National Storage Mechanism at www.hemscott.com/nsm.do. The Annual Report 2016 is also available on the Company's website at www.keller.com. Hard copies of all the documents have been sent to shareholders. The Annual General Meeting will be held at 11.00am on Thursday 11 May 2017 at the offices of DLA Piper UK LLP, 3 Noble Street, London EC2V 7EE. In accordance with DTR 6.3.5, this announcement contains information in the attached Appendix of the principal risk factors, the directors' responsibility statement and a note to the accounts on related party transactions. This information has been extracted in full unedited text from the Annual Report 2016. References to page numbers and notes in the Appendix refer to those in the Annual Report 2016. A condensed set of financial statements was appended to Keller Group plc's preliminary results announcement issued on 27 February 2017. For further information please contact: Kerry Porritt Group Company Secretary Appendix Unedited extract from Annual Report 2016 Principal risks and uncertainties Risk Risk Description Potential Impact Mitigation Financial risk Inability to Losing access to the Breach of banking Procedures to finance our financing facilities covenants or failure monitor the business necessary to fund to continue in effective the business. business or meet our management of cash liabilities. and debt, including weekly cash reports and regular cash forecasting. Market risk A rapid downturn Inability to Failure to continue Diversification of in our markets maintain a in operation or to our markets, both sustainable level of meet our in terms of financial liabilities. geography and performance market segment. throughout the Strong balance construction sheet. industry market Leveraging the cycle which grows global scale of more than many other our Group. industries during Having strong periods of economic local businesses expansion and falls to address harder than many geographic other industries markets. when the economy contracts. Strategic risks Failure to A failure to Failure to achieve Continually procure new continue to win and targets for revenue, analysing our contracts retain contracts on profit and earnings. existing and satisfactory terms target markets to and conditions in ensure we our existing and new understand the target markets if opportunities that competition they offer. increases, customer Structured bid requirements change review processes or demand reduces in operation due to general throughout the adverse economic Group with conditions. well-defined selectivity criteria that are designed to ensure we take on contracts only where we understand and can manage the risks involved. Losing our market Inability to achieve Failure to achieve Continually share sustainable growth, targets for revenue, seeking to whether through profits and differentiate our acquisition, new earnings. offering through products, new service quality, geographies or value for money industry specific and innovation. solutions. A Business Development function focusing on our customers' requirements and understanding our competitors. Minimising the risk of acquisitions, including getting to know a target company in advance, often working in joint venture, to understand the operational and cultural differences and potential synergies, as well as undertaking these through thorough due diligence and structured and carefully managed integration plans. Implementing annual efficiency and improvement programmes to help us remain competitive. Non-compliance Not maintaining high Losing the trust of Having clear with our Code of standards of ethics our customers, policies and Business Conduct and compliance in suppliers and other procedures in conducting our stakeholders with respect of ethics, business or failing consequent adverse integrity, to meet legal or effects on our regulatory regulatory ability to deliver requirements and requirements. against our strategy contract and business management. objectives. Maintaining Substantial damage training to Keller's brand programmes to and/or large ensure our people financial penalties. fully understand these policies and requirements. Operating and encouraging the use of a 'whistleblowing' facility. Operational risks Product and/or Failure of our Financial loss and Continuing to
solution failure product and/or consequent damage to enhance our solution to achieve our brand technological and the required reputation. operational standard. capabilities through investment in our product teams, project managers and our engineering capabilities. Ineffective Failure to manage Failure to achieve Ensuring we management of our our contracts to the margins, profits understand all of contracts ensure that they are and cash flows we our risks through delivered on time expect from the bid appraisal and to budget. contracts. process and applying rigorous policies and processes to manage and monitor contract performance. Ensuring we have high-quality people delivering projects. Causing a serious Failure to maintain Damage to employee A Board-led injury or high standards of morale leading to an commitment to fatality to an Safety and Quality. increase in employee achieve zero employee or turnover rates, loss accidents. member of the of customer, Visible management public supplier and partner commitment with confidence and Safety Tours, damage to our brand Safety Audits and reputation in an Safety Action area that we regard Groups. as a top priority. Implementing management systems that conform to Occupational Health & Safety Assessment System 18001. Extensive mandatory employee training programmes. Not having the Inability to attract Failure to maintain Continuing to right skills to and develop satisfactory develop and deliver excellent people to performance in implement create a respect of our leadership, high-quality, current personal vibrant, diverse and contracts and development and flexible workforce. failure to deliver employee our strategy and engagement business targets for programmes that growth. encourage and support all our people to achieve their full potential. Responsibility statement of the Directors in respect of the Annual Report and the financial statements We confirm that to the best of our knowledge: * The financial statements, prepared in accordance with the applicable set of accounting standards, give a true and fair view of the assets, liabilities, financial position and profit or loss of the Company and the undertakings included in the consolidation as a whole; and * The Strategic report and Directors' report, including content contained by reference, includes a fair review of the development and performance of the business and the position and performance of the Company and the undertakings included in the consolidation taken as a whole, together with a description of the principal risks and uncertainties that they face. The Board confirms that the Annual Report and Accounts, taken as a whole, is fair, balanced and understandable and provides the information necessary for shareholders to assess the performance, strategy and business model of the Company. 26 Related party transactions Transactions between the parent, its subsidiaries and joint operations, which are related parties, have been eliminated on consolidation. The remuneration of the Board and Executive Committee, who are the key management personnel and related parties of the group, is set out in note 6 (extract below). 2016 2015[1] GBPm GBPm Short-term employee benefits 5.1 4.9 Post-employment benefits 0.4 0.4 Termination payments 0.4 - Share-based payments 0.5 1.4 6.4 6.7 [1] Re-presented to include all members of the Board and Executive Committee. Only Board members were included in the prior year financial statements. END END
(END) Dow Jones Newswires
March 24, 2017 06:18 ET (10:18 GMT)
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