The Lamprell Group has played an important role in the development of the offshore industry in the Arabian Gulf for over 30 years, providing increasingly specialised services to the offshore oil industry. Lamprell is managed by British nationals, with its corporate headquarters in Sharjah, one of the United Arab Emirates, Lamprell operates a full service jackup rig refurbishment facility in Sharjah and a modern, well equipped fabrication facility in Jebel Ali Free Zone, Dubai.

Lamprell located in the most important oil and gas region in the world, in one of the key commercial centres in the UAE.

Lamprell has its own core skilled and experienced workforce as well as access to additional skilled labour from the local labour supply market.


AIM Rule 26 Disclosure

This, in addition to the Group�s safety focused culture and experienced project management skills, helps to ensure customer satisfaction is maximised whilst risks are reduced.

Lamprell has built up its strong market position by offering a differentiated service to its clients based on safe working practices and completing projects on time, on budget and to a high quality. Accordingly, we believe that the Company has established a position of sustainable competitive advantage in the region.

Looks like I spoke too soon. Had it not been for the cash call..........or maybe not as the whole market down! :o(

RIGHTS ISSUE
The Company has announced that it is proposing to raise gross proceeds of approximately GBP71.6 Million by way of a 5 for 16 Rights Issue of New Ordinary Shares at an issue price of GBP0.88 per New Ordinary Share. The Rights Issue has been fully underwritten by J.P. Morgan Cazenove and HSBC. TERMS: 5 New Ordinary Shares for every 16 Existing Ordinary Shares at an issue price of GBP0.88 per New Ordinary Share. Relative Details and Dates: 6 June 2014 - Record Date, 10 June 2014 - Extraordinary General Meeting. You are not required to take any action at this time.

BIG clunk surely in the morning
i'm afraid LAM has staggered from one disaster to another in the last couple of years

Erm - that's last weeks news.

It is last weeks news, but holders have just been notified of the details.
Just dotting the i's and crossing the T's .

Liberum Capital Hold 148.00 148.00 150.00 155.00 Reiterates

Contract Win

Lamprell (ticker: LAM), a leading provider of diversified engineering and contracting services to the onshore and offshore oil & gas and renewable energy industries, is pleased to announce that it has received a new contract award from a subsidiary of Shelf Drilling, Ltd. ("Shelf Drilling"), for the construction and delivery of two high specification, LeTourneau-designed, self-elevating Mobile Offshore Drilling Platforms of a Super 116E (Enhanced) Class.

The two jackup rigs, designed through collaboration between engineering and operations personnel from Shelf Drilling, Shelf Drilling's customer and Lamprell, will be capable of operating in water depths of up to 350 feet and will be used in constructing wells with maximum drilling depth of 30,000 feet. The rigs will feature fit-for-purpose offshore drilling technology, as well as accommodation for up to 160 people.

Lamprell will fabricate both jackup rigs in its Hamriyah yard, located in the United Arab Emirates, and they will be among the first to benefit from the productivity improvements that Lamprell is in the process of implementing. Lamprell is scheduled to deliver the first rig in Q3 2016, while the second rig is expected to be delivered in Q2 2017. The rigs are being constructed for operations in South East Asia. This new contract is valued at more than US$ 370 million.

Liberum Capital Hold 157.00 157.75 155.00 162.00 Reiterates

Looking for a break of 166....180.... then the 'gap' :-)

Well 166 now firmly in the rear view mirror.

Result of AGM

Result of EGM

Lamprell, a leading provider of specialist engineering services to the international oil & gas and renewable industry, is pleased to announce that, at the Extraordinary General Meeting held earlier today at 10.00 a.m. (UK time)/1.00 p.m. (UAE time), the Resolution to approve the Rights Issue, details of which were set out in the notice of Extraordinary Meeting included in the prospectus relating to the Company and dated 16 May 2014 (the "Prospectus"), were duly passed without amendment on a show of hands by the requisite majority of Shareholders.

Admission of Nil Paid Rights

Lamprell, a leading provider of specialist engineering services to the international oil & gas and renewable industry, announces that, pursuant to the Rights Issue announced on 16 May 2014, 81,363,469 New Ordinary Shares of 5 pence each will be admitted, nil paid, to listing on the premium listing segment of the Official List of the Financial Conduct Authority and will be admitted, nil paid, to trading on the London Stock Exchange's main market for listed securities at 8.00 a.m. today.

Unless otherwise defined herein, capitalised terms in this announcement shall have the meanings given to such terms in the prospectus relating to the Company and dated 16 May 2014 (the "Prospectus").

Investec Hold 151.50 151.75 150.00 155.00 Reiterates

Prudential 10% --> 11%

Contract Win

CONTRACT AWARD

Lamprell (ticker: LAM), a leading provider of diversified engineering and contracting services to the onshore and offshore oil & gas and renewable energy industries, is pleased to announce that it has received a new contract award from Petrofac Emirates L.L.C. ("Petrofac") for the fabrication and delivery of 29 modules.

The modules are being constructed for use in connection with the Zakum Development Company (ZADCO, one of Abu Dhabi Oil Company (ADNOC) Group of Companies) landmark Upper Zakum, UZ750 (EPC-2) field development in Abu Dhabi. The estimated total weight for all of the modules will be approximately 10,000 tonnes. Lamprell is scheduled to deliver the first shipment of modules in Q2 2015, with the final pipe-rack expected to be delivered in Q1 2016.

James Moffat, Chief Executive Officer, Lamprell, said:

"We are pleased to announce this new contract from Petrofac, for whom Lamprell completed similar works last year for the Laggan Tormore development in the North Sea. We have established a strong track record in the offshore and onshore construction sector which is one of Lamprell's core markets, and we continue to see further growth opportunities."


- Ends -

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Prudential 11% --> 12%

Prudential 12.12%

Presumably the Pru holding has increased due to the take up of the RI?