PHSC Regulatory News (PHSC)

12 Apr 2006 10:08

PHSC plc12 April 2006 Trading Update PHSC plc, the provider of health, safety and environmental services to corporateand public sector clients, announces arrangements for the final instalment dueunder the sale and purchase agreement (dated 29 March 2004) to the vendors ofRSA Environmental Health Limited (RSA). The final sum of GBP50,000 has been paidin cash from cashflow generated by the group. The vendors of RSA have alsosigned a 12 month lock-in agreement on their current shareholdings in PHSC plcof 86,277 ordinary shares in total. PHSC plc is also pleased to announce that its wholly-owned subsidiaries continueto make good progress and can report the following new business: Adamson's Laboratory Services ("ALS") ALS has been awarded a contract worth approximately £100,000 by the LondonBorough of Southwark, as part of the Walworth Area Investment Programme. Thework involves asbestos surveys at over 300 council-owned flats and associatedcommon areas. In a new area of work, ALS has been appointed to carry out asbestos assessmentsurveys of 5km stretches of East Midlands motorways and associated assets withinthe portfolio of telent plc (formerly Marconi). An initial pilot survey of a 5kmsection of the M1 has recently been completed. Further surveys commence in earlyApril for an indefinite period. The total value of this work could exceed£350,000. RSA Environmental Health Limited ("RSA") Orders to the total value of around £170,000 have been won for the supply oftemporary staff and inspection work, commencing in April, for various Borough,District and Metropolitan councils. The Directors of PHSC look forward to reporting more updates as received. For further details contact: Stephen KingPHSC Plc 01622 717700 Gavin BurnellRuegg & Co Limited 020 7584 3663 This information is provided by RNS The company news service from the London Stock Exchange