Chamberlin PLC Machining claim update (4545C)
22 January 2018 - 6:00PM
UK Regulatory
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
END
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