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  2. Share Prices
  3. Tclarke Share Price
  4. Tclarke Share Regulatory News
  5. Re: Investigation

Pin to quick picksTclarke Regulatory News (CTO)

Tclarke Information

Share Price Information for Tclarke (CTO)

London Stock Exchange
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Share Price: 160.50
Bid: 160.50
Ask: 161.00
Change: -0.75 (-0.47%)
Spread: 0.50 (0.312%)
Open: 160.50
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Low: 160.50
Prev. Close: 161.25
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Re: Investigation

31 Oct 2016 16:37

RNS Number : 9084N
Clarke(T.) PLC
31 October 2016
 

This announcement contains inside information

TClarke plc

Investigation

TClarke plc ('the Company') announces that it has uncovered financial irregularities within the accounting function of a wholly owned subsidiary, DG Robson Mechanical Services Limited ('DGR'). From initial investigations it would appear that funds in excess of £2.8 million have been misappropriated by an employee over a number of years. The Company has taken appropriate action, including the appointment of expert professional advisers to assist with our investigations and to recover the stolen funds.

Investigations indicate that the incident is limited to DGR and does not impact the wider TClarke Group. Our findings to date suggest that if anything the Group's historic trading results and balance sheet net worth may be understated to the extent that any of the misappropriated funds are recoverable. The Board believes that any necessary accounting adjustments in the current period are unlikely to have a material adverse effect on the Group's results taken as a whole and, overall, the Group remains on track to meet market expectations for the year.

As part of a planned reorganisation the business operations of DGR are in the process of being transferred to our main London M&E business where additional control measures are already in place. This process will now be accelerated and DGR's operations will be fully integrated into the London M&E business by the end of this year.

In the absence of further material developments in the meantime, an update will be provided within our next planned trading statement on 17th November 2016.

-ends-

 

Date: 31st October 2016

For further information contact:

 

TClarke plc

Mark Lawrence - Group Chief Executive

Martin Walton - Finance Director

Alexandra Dent - Company Secretary

Tel: 020 7997 7400

www.tclarke.co.uk

 

N+1 Singer (Financial Adviser and Broker)

Sandy Fraser

Rachel Newton

Tel: 020 7496 3000

www.nplus1singer.com

 

Capital Access Group

Simon Courtenay

Tel: 020 3763 3400

 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCUAONRNSAROAA
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Date   Source Headline
26th Oct 20104:46 pmRNSHolding(s) in Company
26th Oct 20107:00 amRNSDirectorate Change
26th Oct 20107:00 amRNSDirectorate Change
20th Oct 20107:00 amRNSAutumn Bulletin
21st Sep 201011:41 amRNSHolding in Company
31st Aug 20104:33 pmRNSTotal Voting Rights
27th Aug 20107:00 amRNSHalf Yearly Report
25th Aug 20107:00 amRNSAcquisition
5th Aug 20104:09 pmRNSHolding(s) in Company
5th Jul 20107:00 amRNSTrading Statement
22nd Jun 201012:00 pmRNSDirectorate Change
1st Jun 20109:57 amRNSAnnual Information Update
27th May 20107:00 amRNSSite visit
17th May 20104:13 pmRNSDirector/PDMR Shareholding
7th May 20101:30 pmRNSResult of AGM
7th May 20107:00 amRNSAGM Statement
20th Apr 20105:15 pmRNSHolding(s) in Company
7th Apr 20103:52 pmRNSPosting of Annual Report and Accounts
19th Mar 20107:00 amRNSAcquisition
19th Mar 20107:00 amRNSPreliminary Results
19th Feb 20107:00 amRNST.Clarke Re-Affirms Commitment in Scotland
29th Jan 20107:00 amRNSTrading Statement
4th Jan 20107:00 amRNSDirectorate Change
19th Nov 20097:00 amRNSInterim Management Statement
29th Oct 20094:40 pmRNSSecond Price Monitoring Extn
29th Oct 20094:35 pmRNSPrice Monitoring Extension
28th Aug 20097:00 amRNSDirectorate Change
26th Aug 20094:40 pmRNSSecond Price Monitoring Extn
26th Aug 20094:35 pmRNSPrice Monitoring Extension
21st Aug 20097:00 amRNSHalf Year Results
3rd Aug 20094:35 pmRNSPrice Monitoring Extension
17th Jul 20097:00 amRNSTrading Update and Notice of Results
29th Jun 20094:40 pmRNSSecond Price Monitoring Extn
29th Jun 20094:35 pmRNSPrice Monitoring Extension
18th Jun 20094:34 pmRNSDirector/PDMR Shareholding
4th Jun 20093:14 pmRNSAnnual Information Update
21st May 200911:46 amRNSHolding(s) in Company
14th May 20094:06 pmRNSHolding(s) in Company
11th May 20093:23 pmRNSHolding(s) in Company
8th May 20094:26 pmRNSResult of AGM
8th May 20097:00 amRNSAGM and Interim Management Statement
29th Apr 200910:37 amRNSHolding(s) in Company
23rd Apr 200912:52 pmRNSHolding(s) in Company
21st Apr 200910:32 amRNSHolding(s) in Company
14th Apr 200911:44 amRNSHolding(s) in Company
19th Mar 20097:00 amRNSFinal Results
11th Feb 200911:33 amRNSHolding(s) in Company
2nd Feb 20093:59 pmRNSHolding(s) in Company
29th Jan 200911:00 amRNSTrading Statement
22nd Jan 20094:31 pmRNSHolding(s) in Company
234567891011

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