Business
Statement re Share Price Movement
Statement re Share Price Movement.
About this update from Gattaca Plc
[{"type":"text","content":"\n \nRNS Number : 0673C Gattaca PLC 17 January 2018 \n\n \n17 January 2018\n \n \nGattaca plc\nStatement re: share price movement\n \nGattaca plc (\"Gattaca\" or the \"Group\"), the specialist Engineering and Technology (IT & Telecoms) recruitment solutions business, notes the recent share price fall. \nGattaca has historically provided recruitment solutions to Carillion plc and its subsidiaries, primarily in the public sector arena. Whilst Gattaca has outstanding debts from the Carillion group, the vast majority of these are insured by a leading credit insurer and, at this time, we estimate our uninsured balance sheet exposure to be less than £100,000. The impact of Carillion's liquidation on our balance sheet will therefore be minimal.\nOur annual Net Fee Income from the Carillion group of companies is in the order of £0.5m. Gattaca continues to support the delivery of important public services and management is actively engaging with the relevant Carillion counterparties to ascertain how we can continue to support the related underlying projects which would also maintain this income, whilst ensuring that we will be paid for such services.\nGattaca's Trading Update for the six months ended 31st January will be released 8th February 2018.\nFor further information please contact:\n\n\n\n\nGattaca plc \n\n\n+44 (0) 1489 898989\n\n\n\n\nBrian Wilkinson, Chief Executive Officer \nSalar Farzad, Chief Financial Officer \n \n\n\n\n\n\n\n\nCitigate Dewe Rogerson\n\n\n+44 (0) 20 7638 9571 \n\n\n\n\nLouise Mason-Rutherford / Nick Hayns \n \n\n\n\n\n\n\n\nNumis Securities Limited\n\n\n+44 (0) 20 7260 1000\n\n\n\n\nMichael Meade / Tom Ballard\n \n \n\n\n\n\n\n\n\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END SPMLFFELLSIRLIT\n ","length":4142,"tagName":"div"}]