Chamberlin PLC Trading Statement (3911M)
21 January 2021 - 6:00PM
UK Regulatory
TIDMCMH
RNS Number : 3911M
Chamberlin PLC
21 January 2021
21 January 2021
Chamberlin plc
(the "Company" or the "Group")
Trading Update
Chamberlin plc (AIM: CMH.L), the specialist castings and
engineering group, announced on 16 December 2020 BorgWarner's
intention to cancel all contracts with effect from 22 January 2021.
However the Company advises that it has now received revised orders
from BorgWarner through to 22 March 2021.
The Board is implementing further measures to reduce costs and
is exploring options to strengthen the balance sheet, including
investigating the possibility of new equity capital and alternative
measures to ensure the Company's future.
A further announcement will be made in due course.
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) No 596/2014.
Enquiries
Chamberlin plc T: 01922 707100
Kevin Nolan, Chief Executive
Neil Davies, Finance Director
Cenkos Securities plc (Nominated Adviser T: 020 7397 8900
and Broker)
Russell Cook
Katy Birkin
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END
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