CTO.L Regulatory News (CTO)

13 Jan 2009 07:00



T.CLARKE ANNOUNCES CONTRACT UPDATE

T. Clarke plc, ("T. Clarke" or the "Company") the electrical engineering and contracting Group, today announces important news on three major projects in London.

Following the announcement in November that the Company was preferred bidder on the London Olympic Stadium, T. Clarke's London team has commenced  work with Team Stadium on construction, completion of which is due in early 2011. The 80,000 seat stadium will form the centrepiece of the 2012 Summer Olympics.

Also, following the successful completion of the Westfield Shopping Centre at White City, London, T.Clarke is now the preferred bidder for the new Westfield Shopping Centre at Stratford, London, E15. This major retail development is located on the edge of the Olympic development site. When completed it will form part of the 13.5 m sq. ft Stratford City development.

The Company can also confirm that contracts have been exchanged with Brookfield in relation to the 'Pinnacle  Tower' in Bishopsgate, London, EC2. The Pinnacle is a 65 floor, 1.5 m sq. ft commercial office tower  development in the heart of the City of London. It is likely to be the City's largest single commercial office building when it is completed.  

Pat Stanborough, Chief Executive commented,

" Despite the challenging backdrop of the economy, we are pleased to be involved with these major projects that are among the most important in London over the next four years. We have the experience and the capability to complete large and complex projects like these successfully".

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Date: 13th January 2009

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