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19 Jul 2012 07:00
19 July 2012
Sweett Group plc
("Sweett Group" or "the Group")
Corporate Update
Following the announcement of 26 June 2012, Sweett Group, the international property and infrastructure consultancy, provides a further update.
Negotiation on the sale of the Group's interest in the Inverclyde Schools PFI Project continues to move towards completion. As previously reported, the associated profits will be attributed to the results for year ending 31 March 2013.
In respect of the Dumfries and Galloway transaction, the Board has decided that it is now in shareholders' interests to pursue the completion of this sale via an alternative disposal structure. The Board is confident that it will be able to dispose of the asset on satisfactory terms in the current financial year.
- Ends -
For further information:
Sweett Group plc | |
Dean Webster, Chief Executive Officer | +44 20 7061 9000 |
Chris Goscomb, Chief Financial Officer | +44 20 7061 9000 |
Theo Kjellberg, Group Communications Manager | +44 20 7061 9102 |
Westhouse Securities | |
Tom Price, Paul Gillam | +44 20 7601 6100 |
FTI Consulting | |
Billy Clegg, Oliver Winters, Latika Shah | +44 20 7831 3113 |
About Sweett Group
Sweett Group plc is a global business with expertise in property and infrastructure professional services. Our services include programme and project management, cost management, advisory and PPP/PFI investment.
We aim to forge long term, successful relationships with all stakeholders in the property and infrastructure industry. "Global knowhow, local delivery" is the essence of our business and our reach enables us to put global best practice to use in the local markets we serve. www.sweettgroup.com
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