Business
Trading update and Notice of Results
Trading update and Notice of Results.
About this update from Rtc Group Plc
[{"type":"text","content":"\n \nRNS Number : 2848C RTC Group PLC 18 January 2018 \n\n18 January 2018\nRTC Group plc\n(\"RTC\" or the \"Company\")\nTrading update, share price movement and notice of results\n \nShare price movement\nThe Board has noted the fall in the Company's share price in recent days following the announcements by Carillion PLC. The Company wishes to clarify to the market that whilst it has some limited exposure to the situation at Carillion, as set out below, the performance of all group business is strong and that trading remains in line with current market expectations. \nThe board anticipates that the results for the year ended 31 December 2017 will be in line with market expectations.\nLimited Carillion Exposure\nThe Company supplies labour to Carillion Construction Limited (\"Carillion\") to support Network Rail projects and renewals work. The Company has outstanding debts from Carillion of less than £100,000 that will be fully provided in the financial statements for the year ended 31 December 2017. The Company is actively engaging with Carillion via the Official Receiver to ascertain how it can continue to support Network Rail and maintain this income stream.\nNotice of Results\nThe Company expects to announce its preliminary results on or around 26 February 2018.\n \nAndy Pendlebury, CEO, said:\n\"Notwithstanding that, along with the whole of industry we are disappointed in the Carillion situation, we are pleased that our trading in 2017 was in line with market expectations. All of our group businesses performed well and we remain confident that this positive momentum will continue in 2018.\"\n \n \n \n~ Ends ~\n\n\n \nEnquiries:\n\n\n\n\nRTC Group plc\nBill Douie, Executive Chairman\nAndy Pendlebury, CEO\nSarah Dye, Group Finance Director\n\n\n \n \nTel: 01332 861 844\n \n\n\n\n\n \n\n\n\n\nSPARK Advisory Partners Limited (Nominated Adviser)\nMatt Davis / Mark Brady\nwww.Sparkadvisorypartners.com\n\n\nTel: 0203 368 3550\n\n\n\n\nWhitman Howard Limited (Broker)\nNick Lovering / Francis North\nwww.Whitman-howard.com\n\n\nTel: 020 7659 1234\n\n\n\n\n \nAbout RTC\nRTC has three principal trading subsidiaries engaged in the recruitment of human capital resources and the provision of managed services.\n \nATA is one of the UK'...