The Weir Group PLC
4 August 2014
Weir terminates corporate broking engagement of Bank of America Merrill Lynch
The Weir Group PLC ("Weir") has terminated its joint corporate broker engagement with Bank of America Merrill Lynch ("BAML") following the recent emergence of a new and undisclosed conflict of interest arising from its engagement as broker by another company.
Weir continues to engage UBS as its corporate broker. A further announcement will be made in due course regarding future broker engagements.
Contact details: The Weir Group PLC | |
Raymond Buchanan, Group Communications Ross Easton, Communications Manager | Tel: + 44 141 308 3781/ + 44 7713261447 Tel: + 44 141 308 3779/ + 44 7920190994 |
Brunswick Group | Tel: + 44 207 404 5959 |
Patrick Handley / Nina Coad |
About The Weir Group PLC
Weir, a FTSE 100 company founded in 1871 and headquartered in Glasgow, Scotland, is a global provider of engineering solutions to the minerals, oil and gas and power sectors. Our commitment to engineering excellence, research and customer focus extends equipment wear life and operational capability in some of the world's most challenging environments.
Weir is committed to going where our customers go, with a worldwide network of around 200 manufacturing facilities and service centres. The business has a presence in more than 70 countries, with over 15,000 people around the world working in three divisions; Minerals, Oil & Gas and Power & Industrial. Weir's customer base includes the world's largest mining houses, major oil services businesses and nuclear and conventional power generation companies.
Annual revenues were more than £2.4 billion in 2013, of which almost two thirds came from the provision of services and aftermarket support.
See weir.co.uk for further information.
Follow us on Twitter @WeirGroup