Update following completion of Review

 

TIDMROK 
 
RNS Number : 5903T 
Rok PLC 
30 September 2010 
 

Date:                          30 September 2010 
On behalf of:              Rok plc ("Rok" or "the Company") 
For immediate release 
 
 
Rok plc 
Update following completion of Review 
 
The Board of Rok plc (LSE: ROK), the maintenance and building services group, 
today confirms that following the Company's announcements on 11 and 17 August 
2010, the Board has now completed its detailed review of  the issues concerning 
the Plumbing, Heating and Electrical  (PHE) business. 
 
As a result of these full investigations, the Board has concluded that the 
problems in the ex Avonside PHE business were due to a scaling back of 
sub-contracting work from the private housing sector and a combination of weak 
operational, commercial and financial controls within that part of the business. 
 The actions to resolve these issues have already been taken by management. 
 
The Board continues to have confidence that the Company will meet market 
expectations this year. 
 
Following the completion of these investigations, the Board has lifted the 
suspension of the Group Finance Director, Ashley Martin, immediately and without 
reservation.   The Board wishes to emphasize that Ashley has never been accused 
of wrongdoing nor have our investigations revealed any evidence of any 
malpractice. The Board finds it regrettable if there has been any damage to 
Ashley's good reputation by any speculation outside of the Company to the 
contrary.   In view of the above events Ashley has decided to resign as a 
Director immediately and will leave the business after a short handover period. 
 
 
 
Stephen Pettit, Chairman, said: 
 
"I am pleased that our full review confirmed there are no further issues in our 
PHE business.   The Board would like to take this opportunity to thank Ashley 
for his dedication, hard work and contribution to Rok over seven years and we 
wish him well in the future." 
 
 
                                    - ends - 
 
Enquiries to: 
 
+--------------------------------------+---------------------------+ 
| Rok plc                              | www.rokgroup.com          | 
+--------------------------------------+---------------------------+ 
| Garvis Snook, Group Chief Executive  | Via Redleaf               | 
|                                      | [e-mail] | 
+--------------------------------------+---------------------------+ 
|                                      |                           | 
|                                      |                           | 
| Redleaf Communications               | Tel:    [phone]          | 
| Emma Kane/Rebecca Sanders-Hewett     | 6700                      | 
|                                      | [e-mail]         | 
+--------------------------------------+---------------------------+ 
 
Notes to Editors: 
 
¡  The Group specialises in relationship based provision of building services on 
a national basis and undertakes maintenance and building improvements, social 
housing (new build and planned repairs) and construction. 
 
 
¡  Further information on Rok is available at www.rokgroup.com 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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