Business
Update on Viridor's Greater Manchester Contract
Update on Viridor's Greater Manchester Contract.
About this update from Pennon Group Plc
[{"type":"text","content":"\n \nRNS Number : 1712S Pennon Group PLC 29 September 2017 \n\n29 September 2017\n \nPENNON GROUP PLC\n \nUpdate on Viridor's Greater Manchester Contract\n \nAs previously reported, progress is being made on the final agreements relating to the Greater Manchester PFI Contract. \n \nThe agreement relating to Viridor Laing (Greater Manchester) Limited has now been signed, with ownership passing to the Greater Manchester Waste Disposal Authority (GMWDA). Work continues on the remaining agreements in relation to INEOS Runcorn (TPS) Holdings Limited and the contract relating to the recycling and reprocessing operations.\n \nFor the joint venture entities, Viridor Laing (Greater Manchester) Holdings Limited and INEOS Runcorn (TPS) Holdings Limited, Pennon continues to anticipate a net one-off non-material impact to the income statement in 2017/18.\n \nA fuller update will be provided at Pennon's half year results for 2017/18 on Wednesday 29 November 2017. \n \nFor further information, please contact:\nPennon: Susan Davy - Chief Financial Officer \n Sarah Heald - Director of Corporate Affairs & Investor Relations\n 01392 443 401\nFinsbury: James Murgatroyd\n Faeth Birch\n 0207 251 3801\nNotes to Editors:\n \nViridor Laing (Greater Manchester) Limited is wholly owned by Viridor Laing (Greater Manchester) Holdings Limited which in turn is jointly owned by Viridor (50%) and John Laing (50%).\n \nINEOS Runcorn (TPS) Limited is wholly owned by INEOS Runcorn (TPS) Holdings Limited which in turn is a joint venture between Viridor,...