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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Tclarke Plc | LSE:CTO | London | Ordinary Share | GB0002015021 | 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% | 160.00 | 160.00 | 161.00 | 162.00 | 160.00 | 162.00 | 56,544 | 16:35:23 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Special Trade Contractor,nec | 491M | 6.5M | 0.1230 | 13.09 | 85.09M |
From Apr 2019 to Apr 2024
TIDMCTO
RNS Number : 1744L
Clarke(T.) PLC
17 July 2017
17 July 2017
T Clarke plc
Fraud Update
T Clarke plc ("the Company"), the building services group, is pleased to advise that further to the announcement on 31 October 2016 of the discovery of financial irregularities within the accounting function of a wholly-owned subsidiary, DG Robson Mechanical Services Limited ("DGR"), it has reached an out-of-court settlement with a former employee of DGR and related parties in respect of the misappropriated funds. Under the terms of the settlement agreement, the Company will receive aggregate cash payments of GBP1.43 million on or before 31 December 2017 (unless the Company agrees to an extension of the final settlement date) in full and final settlement of all claims by the Company and its subsidiaries against the individual concerned and related parties.
The Company continues to pursue other third parties in order to recover the balance of the misappropriated funds. It is too early at this stage to estimate the quantum of any further recovery.
For further information contact:
TClarke plc
Mark Lawrence - Group Chief Executive
Martin Walton - Finance Director
David Lanchester - Company Secretary
Tel: 020 7997 7400
www.tclarke.co.uk
N+1 Singer (Financial Adviser and Broker)
Sandy Fraser
Rachel Newton
Tel: 020 7496 3000
www.nplus1singer.com
RMS Partners
Simon Courtenay
Tel: 020 3735 6551
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCBLGDRGBBBGRS
(END) Dow Jones Newswires
July 17, 2017 02:00 ET (06:00 GMT)
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