Key Developments: Carillion PLC (CLLN.L)

CLLN.L on London Stock Exchange

328.20GBp
18 Dec 2014
Price Change (% chg)

8.60p (+2.69%)
Prev Close
319.60p
Open
326.10p
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329.80p
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319.30p
Volume
2,019,284
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396.54p
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294.02p

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Latest Key Developments (Source: Significant Developments)

Carillion PLC announces convertible bonds offering
Friday, 12 Dec 2014 02:02am EST 

Carillion PLC:Says launch of a 150 mln pounds Reg S offering of senior unsecured convertible bonds due Dec. 2019 which may be increased by up to approx. 30 mln pounds at the option of Carillion before pricing.Intends to take advantage of the currently favourable conditions in the convertible bond market to lock in long-term financing at attractive terms.Funds raised in the Offering will be used to repay borrowing under its revolving credit facility, funding recent acquisitions and for general corporate purposes.  Full Article

Carillion PLC updates on re contract
Wednesday, 10 Dec 2014 03:00am EST 

Carillion PLC:Says that Carillion joint venture appointed as the Selected Bidder for 190 million pound Public Private Partnership project to deliver the Midlands Private Finance Batch under the Priority School Building Programme.  Full Article

Carillion PLC gives FY 2014 guidance; revenue outlook above analysts' estimates
Wednesday, 10 Dec 2014 02:00am EST 

Carillion PLC:Says continue to expect profit in FY 2014 to be cash-backed with underlying net debt (excluding the effect of business acquisitions) reducing in line with expectations.Expects FY 2014 revenue to be similar to that in FY 2013.Reported revenue of 4.081 bln pounds in FY 2013.FY 2014 revenue of 3.891 bln pounds and net income of 143.22 mln pounds - Thomson Reuters I/B/E/S.  Full Article

Carillion PLC announces re contract
Monday, 8 Dec 2014 02:00am EST 

Carillion PLC:Says further to Carillion's announcement on July 2, that it had been selected as preferred bidder to deliver expansion of Liverpool Football Club's Main Stand and associated improvement works.Says today that it has signed contract with Liverpool Football Club to deliver this project.Work on project, which will add around 8,500 seats to Main Stand and increase overall capacity of Anfield Stadium to some 54,000, is expected to start this week and is scheduled for completion in Q3 of 2016.  Full Article

Carillion PLC secures support services contracts
Thursday, 4 Dec 2014 02:00am EST 

Carillion PLC:Awarded support services contracts by Heathrow Airport Limited and Barts Health NHS Trust worth about 80 million Pounds.At Heathrow Airport, Carillion will provide a range of soft facilities management services together with fabric maintenance for Terminals 3 and 5, under a contract that will run until March 2019.At Terminal 2, Carillion is providing hard facilities management services, including planned and reactive mechanical and electrical engineering maintenance, under a contract, which, including options for extensions, will run until Dec. 2017.These contracts are in addition to the contract Carillion already has to provide a range of hard and soft facilities management services for Terminal 1.Says it has also signed a 22-month contract with Barts Health NHS Trust to provide soft facilities management services to a number of the Trust's properties, including Whipps Cross and Mile End hospitals.  Full Article

Carillion PLC announces acquisition of Rokstad Power Corp
Monday, 1 Dec 2014 02:00am EST 

Carillion PLC:Says it has agreed to acquire a 60 pct interest in the trade and assets of Rokstad Power Corporation.Total cash consideration for this acquisition of up to 33 million Pounds is dependent on the financial performance of Rokstad.Consideration will be paid in instalments over the period to July 2017, with payments of 11 million Pounds and 10 million Pounds in 2014 and 2015, respectively.Under the acquisition agreement, Carillion has also committed to acquire the remaining 40 per cent interest in Rokstad after five years at a multiple of 4.5 times Rokstad's 2019 EBITDA, capped at a maximum additional consideration of 42 mln Pounds.  Full Article

Carillion PLC announces HA collaborative delivery framework
Monday, 10 Nov 2014 02:00am EST 

Carillion PLC:Has been selected by Highways Agency as one of five contractors.That will deliver highway schemes with values between 100 mln Pound and 450 mln Pound, which form part of HA's collaborative delivery framework (CDF).Under which agency plans to invest some 5 bln Pound in England's motorways and A roads over next five years, is framework agency has ever awarded and will allow agency to deliver large scale improvements to strategic roads, enabling economic growth across country.Of 5 bln Pound of planned investment, about 2.7 bln Pound will be spent on schemes valued at between 100 mln Pound and 450 mln Pound.As one of five contractors appointed to deliver these schemes, Carillion expects to generate up to some 500 mln Pound of revenue from framework over five year period.  Full Article

Carillion PLC announces contract
Tuesday, 7 Oct 2014 02:00am EDT 

Carillion PLC:Says a contract to be secured with the support of UKEF is a 75 million Pounds contract to deliver Phase 1 of the Dubai World Trade Centre District development for the Dubai World Trade Centre, using UKEF's new Direct Lending Facility with the loan being arranged by Deutsche Bank.The contract involves the construction of a 146,000 sqm development between the current Dubai International Convention and Exhibition Centre and Emirates Towers, that will include an eight storey office building and a 588-room business and tourism hotel.  Full Article

Carillion PLC reaffirms FY 2014 revenue outlook
Thursday, 2 Oct 2014 02:00am EDT 

Carillion PLC:Says it continues to target revenue growth in FY 2014 at an operating margin in line with expectations.FY 2014 revenue of 3.993 bln Pounds - Thomson Reuters I/B/E/S.  Full Article

Carillion PLC updates regarding improved merger proposal made to Balfour Beatty plc
Wednesday, 20 Aug 2014 10:00am EDT 

Carillion PLC:Says Board of Balfour Beatty has not agreed to Carillion's proposal or to request an extension to the Put Up or Shut Up deadline which expires on Aug. 21.Carillion therefore announces that it is no longer pursuing such a merger.  Full Article

Carillion launches 150-180 mln-pound convertible bond sale

LONDON, Dec 12 - British support services and construction company Carillion said it had launched a 150 million-pound ($236 million) convertible bond offer on Friday to help fund its recent acquisitions and repay existing loans.

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