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Lamprell PLC (LAM.L)

LAM.L on London Stock Exchange

28 Jul 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

Lamprell Plc announces disposal of Litwin service business
Tuesday, 2 Dec 2014 02:00am EST 

Lamprell Plc:Enters into an agreement for the sale of one of smaller non-core service businesses, Litwin PEL LLC ('Litwin'), to Nauvata group of companies for an enterprise value of $3.0 mln.Says it will use the proceeds from this disposal to support general working capital requirements on its core business streams.  Full Article

Lamprell Plc reaffirms FY 2015 revenue guidance
Thursday, 13 Nov 2014 02:00am EST 

Lamprell Plc:Maintains FY 2015 revenue expectation and expects to be broadly flat on FY 2014.  Full Article

Lamprell Plc secures contract from National Drilling Company
Wednesday, 12 Nov 2014 03:43am EST 

Lamprell Plc:Announces that it has received a new contract award from National Drilling Company, Abu Dhabi, for the construction and delivery of two further high specification jackup drilling rigs of a Super 116E (Enhanced) Class.Says this contract award is valued at about $ 365 million.  Full Article

Lamprell Plc announces change in management
Friday, 17 Oct 2014 02:01am EDT 

Lamprell Plc:Says that Joanne Curin, Chief Financial Officer, has decided to stand down from Board of Lamprell plc and as Chief Financial Officer.Jo has guided business through key period and will facilitate the hand-over process over the coming month.Says search to find successor will start immediately and an announcement will be made in due course.During search period, Tony Wright (currently Vice President Finance) has been appointed to role of Deputy Chief Financial Officer.  Full Article

Lamprell Plc reaffirms FY 2015 revenue outlook
Thursday, 28 Aug 2014 02:03am EDT 

Lamprell Plc:Continues FY 2015 revenue to be broadly flat on FY 2014 with significantly fewer major project completions in FY 2015.The company reported revenue of $1.041 bln in FY 2014.FY 2015 revenues of $1.027 bln - Thomson Reuters I/B/E/S.  Full Article