WYG Plc Update on cash receipts (7091A)
02 January 2018 - 10:02PM
UK Regulatory
TIDMWYG
RNS Number : 7091A
WYG Plc
02 January 2018
2 January 2018
WYG plc
("WYG" or "Company")
Update on cash receipts
WYG, the international programme, project management and
technical consultancy, announces the following update to its Half
Year Report.
In our Half Year Report, published on 5 December 2017 (RNS
Number 3534Y), we referred to the impact on our cashflow of the
build-up of working capital in Turkey and stated that: "We expect
significant cash receipts from our business in Turkey before the
calendar year end".
The Board is pleased to confirm that, as at the opening of
business on 2 January 2018, WYG's Turkish subsidiary had received
EUR13.3m of the c. EUR14.0m due and we remain confident that a
significant proportion of the balance will also be paid in due
course.
This announcement contains inside information for the purposes
of
Article 7 of Regulation (EU) 596/2014.
Contacts:
WYG plc Tel: 0113
Douglas McCormick, Chief Executive 278 7111
Officer
Iain Clarkson, Chief Financial Officer
MHP Communications Tel: 020
Katie Hunt / Ollie Hoare 3128 8100
N+1 Singer Tel: 020
Sandy Fraser / Rachel Hayes / James 7496 3000
White
WH Ireland Limited Tel: 020
Tim Feather / Ed Allsopp 7220 1666
ENDS
NOTES TO EDITOR
About WYG
WYG is a leading programme, project management and technical
consultancy employing over 1,600 people and operating from more
than 50 locations across the UK, Europe, Africa, Asia and the
Middle East. We specialise in creating and managing strategic
assets for our clients. We engage with them in the early stages of
a project, and often continue to advise them throughout its
lifecycle.
Outside the UK, we have a strong, longstanding presence in a
number of EU member states and pre-accession countries. We are a
leader in international development, exporting our knowledge and
networks to undertake ambitious projects that make a positive
impact on infrastructure, socio-economic growth and the
environment. Our in-house expertise encompasses seven global
sectors: defence & justice, energy & waste, environment,
mining & metals, social development and infrastructure,
transport, and urban development. We also bring together a network
of more than 20,000 partners and associates from around the world.
This breadth of skills and knowledge allows us to provide a unique
integrated approach to solve complex challenges wherever in the
world our clients need us.
WYG plc's shares are traded on AIM, a market operated by the
London Stock Exchange.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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