Share Name Share Symbol Market Type Share ISIN Share Description
VP Plc NEX:VP.GB NEX Ordinary Share GB0009286963
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  50.00 6.41% 830.00 740.00 820.00 822.36 780.00 780.00 580 16:30:05
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
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Vp PLC Statement re. CMA provisional findings

09/04/2019 7:20am

UK Regulatory (RNS & others)


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RNS Number : 5842V

Vp PLC

09 April 2019

 
 Press Release     9 April 2019 
 

Vp plc

('Vp' or the 'Group')

Statement re. CMA provisional findings

Vp plc, the equipment rental specialist, notes that the Competition and Markets Authority ('CMA') has today announced its provisional findings in relation to an investigation into the supply of groundwork products for hire in the UK.

The subject of the provisional findings is suspected anti-competitive conduct as regards the supply of groundworks products in the UK. This is an area of activity for part of the Group's excavation support systems business ('Groundforce'). No other Vp businesses are included in this investigation.

Vp is reviewing these provisional findings and will continue to cooperate fully with the CMA. The Group will make further announcements as appropriate.

- Ends -

 
 Media enquiries: 
 Buchanan 
 Henry Harrison-Topham / Jamie Hooper /     Tel: +44 (0) 20 7466 
  Madeleine Seacombe                                        5000 
 Vp@buchanan.uk.com                          www.buchanan.uk.com 
 
 

Notes to Editors

Vp plc is a specialist rental business providing products and services to a diverse range of markets including infrastructure, construction, house building and oil and gas, both in the UK and overseas.

The Group comprises a UK and an International division:

UK

UK Forks

Rough terrain material handling equipment for the housebuilding, general construction and industrial markets.

Groundforce

Excavation support systems and specialist products for the water, civil engineering and construction industries primarily in the UK, but also in the Republic of Ireland and mainland Europe.

TPA

Portable roadway access solutions to the transmission, outdoor events, construction and utility sectors in the UK, the Republic of Ireland and mainland Europe.

Brandon Hire Station

Tools and specialist products for industry, construction and home owners.

ESS Safeforce

Specialist safety, survey, communications and test & measurement.

MEP Hire

Mechanical, electrical and low-level access.

Torrent Trackside

Infrastructure equipment and services for the railway renewals and maintenance industry.

International

Airpac Bukom Oilfield Services

Equipment and service providers to the international oil and gas exploration and development markets.

TR Group

Specialist rental of test & measurement, communications and audio visual equipment in Australia, New Zealand and Malaysia.

Further information is available at www.vpplc.com/investors

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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April 09, 2019 02:20 ET (06:20 GMT)

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