Kier Group PLC Joint Ventures with Carillion PLC (8523B)

TIDMKIE

RNS Number : 8523B

Kier Group PLC

15 January 2018

15 January 2018

KIER GROUP PLC

JOINT VENTURES WITH CARILLION PLC

Kier Group plc ("Kier"), a leading property, residential, construction and services group, notes today's announcement relating to Carillion plc ("Carillion").

Kier currently operates joint ventures involving Carillion on HS2 and the Highways England smart motorways programme.

We have put in place contingency plans for each of these projects and are working closely with clients so as to achieve continuity of service.

Following today's announcement and after a short period of transition for these contracts, we do not expect there to be an adverse financial impact on the Group arising from these joint venture contracts.

   -      E N D S - 
 
 For further information, 
  please contact: 
 Louise Turner-Smith, Kier        +44 (0)7976 
  investor relations               790012 
                                  +44 (0)1767 
 Kier press office                 355903 
 Richard Mountain/Nick Hasell,    +44 (0)20 
  FTI Consulting                   3727 1340 
 
 

This announcement does not constitute an offer of securities by Kier Group plc (the "Company"). Nothing in this announcement is intended to be, or intended to be construed as, a profit forecast or a guide as to the performance, financial or otherwise, of the Company or any of its subsidiaries (together, the "Group") whether in the current or any future financial year. This announcement may include statements that are, or may be deemed to be, "forward-looking statements". By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future and may be beyond the Company's or the Group's ability to control or predict. Forward-looking statements are not guarantees of future performance. You are advised to read the section headed "Principal risks and uncertainties" in the Company's Annual Report and Accounts for the year ended 30 June 2017 for a further discussion of the factors that could affect the Company's or the Group's future performance and the industry in which it operates. Other than in accordance with its legal or regulatory obligations, the Company does not accept any obligation to update or revise publicly any forward-looking statement, whether as a result of new information, future events or otherwise.

This information is provided by RNS

The company news service from the London Stock Exchange

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January 15, 2018 03:27 ET (08:27 GMT)