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IN BRIEF: Lamprell in talks after missing loan facility repayment

Mon, 27th Jun 2022 19:19

Lamprell PLC - United Arab Emirates-based provider of oil field services - Says it has not made initial milestone repayment of USD26.4 million under USD45 million UAE export credit agency backed revolving trade loan facility which was agreed in October 2021. Continues to work with lending banks and also Blofeld Investment Management, which holds 25% stake in Lamprell, in connection with a extension to the payment date. "The group also continues to engage with Blofeld regarding an interim funding solution or bridge financing in connection with a possible offer to acquire the entire issued and to be issued share capital of Lamprell," it says.

Current stock price: 5.94 pence, up 2.4% on Monday

12-month change: down 91%

By Lucy Heming; lucyheming@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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14 Jun 2018 15:18

Blofeld Investment Management Lifts Stake In Lamprell To 10% (ALLISS)

LONDON (Alliance News) - Lamprell PLC on Thursday said Blofeld Investment Management Ltd increased its interest in the oil rig construction company by approximately 5%.Blofeld upped its to

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23 May 2018 14:58

Lamprell Appoints Debra Valentine As Senior Independent Director

LONDON (Alliance News) - Lamprell PLC said Wednesday it has promoted independent Non-Executive Director Debra Valentine to senior independent director.Valentine, who has been on the board

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22 Mar 2018 15:44

LIVE MARKETS-A question of trust

* European stocks extend losses * Tech, banks hit by trade fears * Euro zone growth slows again in March * U.S. to sign tariffs on China at 1630 GMT * 22

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22 Mar 2018 14:42

LIVE MARKETS-View from the buyside: stick with Europe and banks

* European stocks extend losses * Tech, banks hit by trade fears * Euro zone growth slows again in March * U.S. to sign tariffs on China at 1630 GMT * 22

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22 Mar 2018 13:51

LIVE MARKETS-Is it all doom and gloom for Ted Baker after all?

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22 Mar 2018 11:41

Lamprell Enters "Critical" Year After Wind Farm Project Struggles

LONDON (Alliance News) - Oil rig constructor Lamprell PLC's shares fell on Thursday as it reported revenue more than halving in 2017 on the year before as it counted the a

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22 Mar 2018 08:20

UPDATE 1-Lamprell forecasts bigger drop in 2018 revenue, shares down

March 22 (Reuters) - British oil rig builder Lamprell forecast a bigger drop in full-year revenue on Thursday, partly due to delays in major project awards, sending its shares down 9 Arab company

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22 Mar 2018 07:43

UPDATE 1-UK Stocks-Factors to watch on March 22

March 22 (Reuters) - Britain's FTSE 100 index is seen opening 22 points lower on Thursday, according to financial bookmakers, with futures down 0.4 pct ahead of the cash a

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22 Mar 2018 07:27

Lamprell expects lower revenue in 2018, posts loss in 2017

March 22 (Reuters) - British oil rig builder Lamprell said on Wednesday it expects lower revenue this year and posted a core loss for 2017, hurt by lower spending by oil explorers and losses at a

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15 Mar 2018 15:48

UK Earnings, Trading Statements Calendar - Next 7 Days

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23 Jan 2017 09:06

Lamprell tanks as it says FY revenue will be at lower end of guidance

(ShareCast News) - Engineering services group Lamprell tanked on Monday after it said revenue for 2017 is likely to be at the lower end of its guidance amid challenging market conditions. The company said the current market was pointing towards the lower half of its revenue guidance range of $400m t

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27 Nov 2016 18:22

Saudi Arabia's maritime complex seen costing over $5 bln- minister

DHAHRAN, Saudi Arabia, Nov 27 (Reuters) - Saudi Arabia expects a huge ship repair and shipbuilding complex that its national oil company Saudi Aramco is developing at Ras al-Khair on the kingdom's east coast to cost over 20 billion riyals ($5.33 billion), energy minister Khalid al-Falih said on S

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25 Nov 2016 10:37

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25 Nov 2016 08:25

BUZZ-Lamprell: hits 6-mth high on contract win

** Oil-rig builder Lamprell's shares up 9 pct, highest in more than 6 months, as co wins ScottishPower Renewables contract ** Co says gets $225 mln offshore wind farm contract ** More than 1/5 th 30-day avg vols gone through in first 10 minutes; best day in nearly two months **

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25 Nov 2016 07:36

Lamprell wins North Sea wind farm project

(ShareCast News) - Lamprell has been awarded a new contract from ScottishPower Renewables for the fabrication of multiple jackets and piles for the East Anglia One offshore wind farm in the southern North Sea. The large-scale project, which is aiming to be the best value offshore wind farm to go int

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