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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Siteserv | LSE:SSV | London | Ordinary Share | IE00B1FWGK93 | ORD EUR0.0016 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 2.875 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMSSV
RNS Number : 3252V
Siteserv PLC
10 January 2012
Siteserv plc ("Siteserv")
Statement re Petroplus Coryton Oil Refinery
As previously announced, Deborah Services, a Siteserv subsidiary, renewed its contract with Petroplus Refining and Marketing Limited, which is a subsidiary of Petroplus Holdings AG ("Petroplus"), in connection with the Coryton Refinery for a 3 year period in 2011. The value of the 3 year renewal is estimated at circa EUR40m.
Since 27 December 2011, Petroplus has made a number of announcements concerning its financial condition and that it is in discussions with its lenders. As at the date of this announcement, the Coryton Refinery remains open and Deborah Services continues to be actively engaged with Petroplus regarding its financial situation. Deborah Services is currently owed approximately GBP1.49m by Petroplus.
Siteserv will continue to actively monitor the situation as it evolves. Deborah Services and its Industrial Services division are both expected to remain profitable for the year ended 30 April 2012. A further announcement will be made in due course as more information becomes available.
Siteserv plc Davy Corporate Finance FTI Consulting Brian Harvey | Chief Des Carville Jonathan Neilan /Jenny Executive Nicholas O'Gorman Kilroy Niall Devereux |Group +353 1 679 6363 +353 1 663 3686 / Finance Director +353 1 663 3683 +353 1 601 1550 jonathan.neilan@fticonsulting.com ----------------------- ----------------------- -----------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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