Bilby PLC Statement re: CarillionAmey Limited (0630C)
January 17 2018 - 2:00AM
UK Regulatory
TIDMBILB
RNS Number : 0630C
Bilby PLC
17 January 2018
17 January 2018
Bilby Plc
("Bilby" or the "Group")
Statement re: CarillionAmey Limited
Bilby Plc (AIM: BILB.L), a leading gas heating, electrical and
building services provider, notes Carillion Plc's ("Carillion")
recent announcement that Carillion has entered into immediate
compulsory liquidation, and gives the following update in relation
to its contract with CarillionAmey Limited ("CarillionAmey"), a
joint venture between Carillion and Amey UK Plc ("Amey").
The Group does not believe these recent developments will have
any financial impact on Bilby's trading. As previously announced,
Bilby currently has two contracts to provide building and support
services for three of The Ministry of Defence regions. This work is
carried out on behalf of CarillionAmey, a separate legal entity
that operates independently of Carillion.
Bilby notes the statement by Amey on 15 January 2018 in which
Amey stated that the terms of the CarillionAmey joint venture mean
that Amey will now continue to provide the services previously
provided by CarillionAmey.
Bilby also notes that Amey has confirmed it is fully prepared to
continue the service obligation of the CarillionAmey contracts
without adverse effect on the employees of the joint venture or its
supply chain.
The Group maintains a strong relationship with Amey and is proud
of the high level of service it provides The Ministry of
Defence.
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014.
Enquiries:
Bilby Plc
Phil Copolo, Deputy Executive
Chairman
Sangita Shah, Non-Executive
Chairman
David Ellingham, Finance
Director 020 3874 7088
Northland Capital Partner
(Nominated Adviser and
Broker)
Corporate Finance:
David Hignell
Matthew Johnson
Sales and Broking:
Bob Pountney
John Howes 020 3861 6625
Hudson Sandler
(Financial PR)
Charlie Jack
Bertie Berger 020 7796 4133
This information is provided by RNS
The company news service from the London Stock Exchange
END
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