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Morgan Sindall Group Plc

16.00 (0.85%)
Share Name Share Symbol Market Type Share ISIN Share Description
Morgan Sindall Group Plc LSE:MGNS London Ordinary Share GB0008085614 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  16.00 0.85% 1,896.00 1,892.00 1,896.00 1,914.00 1,882.00 1,886.00 45,625 16:35:11
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction Div'd - 60.9 128.6 14.4 897.81

Morgan Sindall Group PLC UK Government Self Remediation Contract

14/03/2023 7:00am

UK Regulatory (RNS & others)

Morgan Sindall (LSE:MGNS)
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From Mar 2023 to Jun 2023

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RNS Number : 8223S

Morgan Sindall Group PLC

14 March 2023

Morgan Sindall Group plc

Legal Entity Identifier (LEI) number: 2138008339ULDGZRB345

14 March 2023

Morgan Sindall Group plc

('Morgan Sindall' or 'the Group')

Morgan Sindall signs UK Government Self Remediation Contract

No change to expected costs of remediation

Morgan Sindall announces that it has signed the Department for Levelling Up, Housing and Communities ('DLUHC') Developer Remediation Contract ('the Contract') on behalf of the Group and all of its subsidiary companies. The Contract details the commitment given by our wholly-owned subsidiary Lovell Partnerships Limited in the Building Safety Pledge in April 2022 to address life--critical fire safety issues on all buildings of 11 metres and above in England developed by the Group in the 30 years prior to 5 April 2022, and to reimburse any funds disbursed by the Government's Building Safety Fund for buildings we have developed. As explained in our announcement on 4 August 2022, the Contract most directly impacts Lovell and Muse Places Limited.

The Group has already been progressing and managing remediation works with the management companies for the affected buildings and will continue to do so. Signing the Contract does not affect the provision already made as detailed in our full year results announcement on 23 February 2023.

For further information, please contact:

Morgan Sindall Group Tel 020 7307 9200

John Morgan

Instinctif Partners Tel: 020 7457 2020

Matthew Smallwood

Bryn Woodward

Note to Editors

Morgan Sindall Group Morgan Sindall Group plc is a leading UK Construction & Regeneration group with annual revenue of GBP3.6bn, employing around 7,200 employees and operating in the public, regulated and private sectors. It reports through five divisions of Construction & Infrastructure, Fit Out, Property Services, Partnership Housing and Urban Regeneration.

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(END) Dow Jones Newswires

March 14, 2023 03:00 ET (07:00 GMT)

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