Kier Group PLC Joint Ventures with Carillion PLC (8523B)
15 January 2018 - 7:27PM
UK Regulatory
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
END
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