Lamprell PLC - Isle of Man-based fabrication, engineering and contracting services provider for the oil and gas industries - Delays the publication of its 2021 results as it continues to look for potential financing and strategic options. Company explains its financing strategy includes additional equity, monetising assets and project specific financing, including small working capital facilities with Saudi banks and hybrid facilities. It aims to conclude these option in the second quarter of 2022.
Separately, Lamprell receives an early-stage proposal for a possible sale of a majority stake in its Oil & Gas business.
Current stock price: 28.70 pence, down 4.2% in London
12-month change: down 51%
By Heather Rydings; heatherrydings@alliancenews.com
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