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Lamprell PLC (LAM.L)

LAM.L on London Stock Exchange

97.00GBp
8 Dec 2016
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Latest Key Developments (Source: Significant Developments)

Lamprell says units signs agreement regarding establishing Maritime Yard
Wednesday, 1 Jun 2016 02:00am EDT 

Lamprell Plc : Joint Development Agreement(JDA) in connection with potential partnership collaboration for establishing a maritime yard, at Ras Al Khair in Eastern Saudi Arabia .Maritime offshore limited, its subsidiary, has signed a JDA with Saudi Arabian oil company ,National Shipping Company of Saudi Arabia (Bahri) and Hyundai Heavy Industries.  Full Article

Lamprell Plc announces senior management changes
Friday, 14 Aug 2015 02:00am EDT 

Lamprell Plc:Says that James Moffat has decided to retire effective June 30, 2016, and will stand down as chief executive officer and as a director on that date.Says that until June 2016, Moffat will continue in his role as a director and chief executive officer allowing a smooth handover of his responsibilities.Says John Kennedy will take on role of executive chairman for the group until next annual general meeting of the company in 2016 as the company refreshes its strategy in light of the current market environment.Says Tony Wright has been promoted to role of chief financial officer and has been appointed as an executive director of the board with immediate effect.  Full Article

Lamprell Plc announces award of contract
Tuesday, 28 Apr 2015 04:45am EDT 

Lamprell Plc:Says that National Drilling Company (NDC), Abu Dhabi, has exercised one of its existing options and awarded a contract to Lamprell for the construction and delivery of a high specification jackup drilling rig.Lamprell has previously been awarded contracts by NDC for a series of eight rigs and this ninth rig will be of the same design.The LeTourneau-designed, Super 116E (Enhanced) Class mobile offshore drilling unit will be constructed at Lamprell's facility in Hamriyah, United Arab Emirates (UAE), with a planned delivery in Q2 2017.  Full Article

Lamprell Plc sees FY 2014 outlook slightly ahead of expectations
Monday, 12 Jan 2015 02:00am EST 

Lamprell Plc:Expects to report financial performance for FY 2014 slightly ahead of expectations following strong finish to year.  Full Article

UPDATE 1-Rig builder Lamprell to cut costs further, shares jump

Sept 22 Oil-rig builder Lamprell Plc said it was implementing further cost reductions in the face of contract cancellations, pushing its shares up more than 10 percent.