1 Jul 2022 07:40
1 July 2022
LAMPRELL PLC
("Lamprell" or the "Company" and with its subsidiaries, the "Group")
Request for temporary suspension of listing of Ordinary Shares pending finalisation of results for the year ended 31 December 2021
Further to the announcement on 24 June 2022, the Company has concluded that the additional time that it needed to finalise its audited financial statements for the year ended 31 December 2021 ("FY21 Results") means that it was not be possible for the Company to publish the FY21 Results by 30 June 2022.
As 30 June 2022 was the last date permitted for publication of the FY21 Results under the Financial Conduct Authority's ("FCA") Disclosure Guidance and Transparency Rules (as modified by the temporary relief granted to all listed companies by the FCA on 26 March 2020) and the FCA's Listing Rules, following consultation with the FCA, the Company requested that the listing of the Company's ordinary shares of 5 pence each ("Ordinary Shares") be temporarily suspended. Temporary suspension took effect from 7.30 a.m. on 1 July 2022.
The Company intends to request a restoration of the listing of its Ordinary Shares on publication of the FY21 Results. The Group continues to work closely with its auditors to ensure that the FY21 Results are published as soon as possible. This is expected to be before the end of Q3 2022.
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Notes to editors
Lamprell
Lamprell is a leading provider of services to the international energy sector. Driving strategy and growth through its Renewables, Oil & Gas and Digital business units, underpinned by almost half a century of expertise, the Group has worked hard to establish its reputation for delivering projects safely, on time and to budget.
The Group has firmly established its international credentials in the renewables sector as well as continuing to build on its traditional oil and gas credentials. We are recognised for building complex offshore and onshore process modules and platforms, fabricating and refurbishing jack-up rigs and liftboats.
Lamprell employs more than 4,000 people across multiple facilities, with its primary facilities located in Hamriyah, in the UAE. Combined, the Group's facilities cover approximately 800,000m2 with over 1.5 km of quayside. In addition, the Group has facilities in Saudi Arabia (through a joint venture agreement). Lamprell is listed on the London Stock Exchange (symbol "LAM")."