Update on Restructuring

29 Jan 2009 16:24

SERVOCA PLC

("Servoca" or "the Group")

Update on restructuring

Servoca, the specialist public sector outsourcing and recruitment solutions provider, announces an update on the restructuring announced in November 2008.

The Group placed Windsor Recruitment & Training Ltd ("Windsor") into administration on 28 January 2009. The major restructuring process is now largely complete and has already yielded substantial cost savings.

A further update will be made at the time of the preliminary results to 30 September 2008, which are expected to be announced in March.

Contacts:

Servoca Plc

Andrew Church 020 7747 3030

FinnCap

Geoff Nash 020 7600 1658

Ed Frisby