We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register to chat with like-minded investors on our interactive forums.
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Carillion Plc | LSE:CLLN | London | Ordinary Share | GB0007365546 | ORD 50P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 14.20 | 0.00 | 00:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Feb 2020 to Feb 2025
TIDM85VK TIDMCLLN
RNS Number : 1102C
Aspire Defence Finance PLC
17 January 2018
Aspire Defence Finance plc (the "Company"), the Issuer for Project Allenby/Connaught ("the Project"), notes the recent announcement by Carillion plc ("Carillion") regarding its compulsory liquidation.
The Project continues to deliver services as normal.
Carillion does not perform any of the services required for the Project. Carillion and KBR each have a 50% interest in two unincorporated joint ventures acting as sub-contractors to Aspire Defence Limited, the special purpose vehicle for the Project, known as Aspire Defence Capital Works and Aspire Defence Services, and a 50% interest in a supplier to Aspire Defence Services called Aspire Defence Services Limited delivering facilities management services. Carillion and KBR are guarantors of the liabilities of those three sub-contractors. Commercial arrangements exist to ringfence the sub-contractors from their parent companies.
Carillion seconds approximately 110 management and supervisory staff to Aspire Defence Capital Works, the sub-contractor responsible for the Army Basing Programme Works ("ABP Works"). The construction of the ABP Works is not performed by Carillion. Construction delivery is also progressing as normal.
The Company has been monitoring Carillion's situation for some months and has activated its pre-prepared contingency plan. The Company is working in conjunction with all stakeholders, particularly KBR, to mitigate any effects of Carillion's liquidation on the Project. KBR has been undergoing contingency planning for the last three months and is well placed to continue operating these sub-contracts.
The Company will continue to manage the situation as it develops, including considering carefully the terms of the finance documents, and provide further updates as appropriate.
By order of the Board,
A R McColl
Company Secretary
17 January 2018
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCGGUQUGUPRURM
(END) Dow Jones Newswires
January 17, 2018 03:15 ET (08:15 GMT)
1 Year Carillion Chart |
1 Month Carillion Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
