Aspire Def Fin plc - Announcement Re. Carillion PLC
The Project continues to deliver services as normal.
Carillion does not perform any of the services required for the Project. Carillion and KBR each have a 50% interest in two unincorporated joint ventures acting as sub-contractors to
Carillion seconds approximately 110 management and supervisory staff to Aspire Defence Capital Works, the sub-contractor responsible for the Army Basing Programme Works ("ABP Works"). The construction of the ABP Works is not performed by Carillion. Construction delivery is also progressing as normal.
The Company has been monitoring Carillion's situation for some months and has activated its pre-prepared contingency plan. The Company is working in conjunction with all stakeholders, particularly KBR, to mitigate any effects of Carillion's liquidation on the Project. KBR has been undergoing contingency planning for the last three months and is well placed to continue operating these sub-contracts.
The Company will continue to manage the situation as it develops, including considering carefully the terms of the finance documents, and provide further updates as appropriate.
By order of the Board,
A R McColl
This information is provided by RNS
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