Completion of disposal

RNS Number : 2438L

Kier Group PLC

21 December 2018

 

KIER GROUP PLC

Completion of disposal of Kier share in KHSA Limited to Downer Group

Further to its announcement of 15 November 2018, Kier Group plc, a leading infrastructure services, buildings and developments & housing group, announces that, on 21 December 2018, it completed the disposal of KHSA Limited to Downer Group for a total consideration of up to AUS$43.7m (c.£25m), subject to an escrow arrangement. Cash consideration of AUS$41.7m (c.£24m) was received on completion.

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For further information, please contact:

Louise Turner-Smith, Kier investor relations	[phone]
Kier press office	[phone]
Richard Mountain/Nick Hasell, FTI Consulting	[phone]

Cautionary statement

This announcement does not constitute an offer of securities by Kier Group plc (the "Company"). Nothing in this announcement is intended to be, or intended to be construed as, a profit forecast or a guide as to the performance, financial or otherwise, of the Company or any of its subsidiaries (together, the "Group") whether in the current or any future financial year. This announcement may include statements that are, or may be deemed to be, ''forward-looking statements''. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future and may be beyond the Company's or the Group's ability to control or predict. Forward-looking statements are not guarantees of future performance. You are advised to read the section headed ''Principal risks and uncertainties'' in the Company's Annual Report and Accounts for the year ended 30 June 2018 for a further discussion of the factors that could affect the Company's or the Group's future performance and the industry in which it operates.  Other than in accordance with its legal or regulatory obligations, the Company does not accept any obligation to update or revise publicly any forward-looking statement, whether as a result of new information, future events or otherwise.

 

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