17 Jan 2018 07:00
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 |