Trading Update
April 12 2006 - 6:09AM
UK Regulatory
RNS Number:4192B
PHSC plc
12 April 2006
Trading Update
PHSC plc, the provider of health, safety and environmental services to corporate
and public sector clients, announces arrangements for the final instalment due
under the sale and purchase agreement (dated 29 March 2004) to the vendors of
RSA Environmental Health Limited (RSA). The final sum of GBP50,000 has been paid
in cash from cashflow generated by the group. The vendors of RSA have also
signed a 12 month lock-in agreement on their current shareholdings in PHSC plc
of 86,277 ordinary shares in total.
PHSC plc is also pleased to announce that its wholly-owned subsidiaries continue
to make good progress and can report the following new business:
Adamson's Laboratory Services ("ALS")
ALS has been awarded a contract worth approximately #100,000 by the London
Borough of Southwark, as part of the Walworth Area Investment Programme. The
work involves asbestos surveys at over 300 council-owned flats and associated
common areas.
In a new area of work, ALS has been appointed to carry out asbestos assessment
surveys of 5km stretches of East Midlands motorways and associated assets within
the portfolio of telent plc (formerly Marconi). An initial pilot survey of a 5km
section of the M1 has recently been completed. Further surveys commence in early
April for an indefinite period. The total value of this work could exceed
#350,000.
RSA Environmental Health Limited ("RSA")
Orders to the total value of around #170,000 have been won for the supply of
temporary staff and inspection work, commencing in April, for various Borough,
District and Metropolitan councils.
The Directors of PHSC look forward to reporting more updates as received.
For further details contact:
Stephen King
PHSC Plc 01622 717700
Gavin Burnell
Ruegg & Co Limited 020 7584 3663
This information is provided by RNS
The company news service from the London Stock Exchange
END
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