Chamberlin PLC Machining claim update (4545C)

TIDMCMH

RNS Number : 4545C

Chamberlin PLC

22 January 2018

AIM: CMH

22 January 2018

CHAMBERLIN plc

("Chamberlin" or "the Company")

Machining Claim Update

Chamberlin, the specialist castings and engineering group, is pleased to announce an update on the claim against a machine supplier.

On 18 October 2017, the Company advised that margins have suffered due to the difficulties encountered with the start-up of its new machining facility. The Company has been working closely with the machine and tooling suppliers, and is now pleased to report that substantial progress has been made towards resolving these technical problems. In addition, the Company can also report that a satisfactory settlement has been reached with the supplier of the new machining cells, following the initiation of a claim, as reported within the half year results on 28 November 2017.

A further update on progress at the machining facility and on trading will be announced by the end of March 2018. Preliminary results for the year ended 31 March 2018 are expected to be announced at the end of May 2018.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.

Enquiries

 
 Chamberlin plc (www.chamberlin.co.uk)     T: 01922 707100 
  Kevin Nolan, Chief Executive 
  David Roberts, Finance Director 
 
 Smith & Williamson                        T: 020 7131 
  (Nominated Adviser and Broker)            4000 
  Russell Cook/Katy Birkin 
 
 KTZ Communications                        T: 020 3178 
  (Financial PR)                            6378 
  Katie Tzouliadis/Emma Pearson 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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January 22, 2018 02:00 ET (07:00 GMT)