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Lamprell Group (LAM)     

Andy - 19 Feb 2008 16:22


Chart.aspx?Provider=EODIntra&Code=LAM&Si

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.

HARRYCAT - 19 May 2014 18:02 - 551 of 709

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.

cynic - 19 May 2014 20:22 - 552 of 709

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

skinny - 19 May 2014 20:35 - 553 of 709

Erm - that's last weeks news.

HARRYCAT - 19 May 2014 21:05 - 554 of 709

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

skinny - 21 May 2014 08:25 - 555 of 709

Liberum Capital Hold 148.00 148.00 150.00 155.00 Reiterates

skinny - 27 May 2014 07:10 - 556 of 709

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.

skinny - 29 May 2014 12:26 - 557 of 709

Liberum Capital Hold 157.00 157.75 155.00 162.00 Reiterates

skinny - 29 May 2014 16:11 - 558 of 709

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

big.chart?nosettings=1&symb=UK%3alam&uf=big.chart?nosettings=1&symb=UK%3alam&uf=

skinny - 05 Jun 2014 11:20 - 559 of 709

Well 166 now firmly in the rear view mirror.

skinny - 10 Jun 2014 10:23 - 560 of 709

Result of AGM

skinny - 10 Jun 2014 13:18 - 561 of 709

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.

skinny - 11 Jun 2014 07:05 - 562 of 709

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").

skinny - 16 Jun 2014 09:17 - 563 of 709

Investec Hold 151.50 151.75 150.00 155.00 Reiterates

skinny - 18 Jun 2014 07:10 - 564 of 709

Prudential 10% --> 11%

skinny - 19 Jun 2014 07:11 - 565 of 709

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 -

skinny - 20 Jun 2014 13:01 - 566 of 709

.

skinny - 20 Jun 2014 13:01 - 567 of 709

Prudential 11% --> 12%

skinny - 23 Jun 2014 07:12 - 568 of 709

Prudential 12.12%

HARRYCAT - 23 Jun 2014 08:16 - 569 of 709

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

skinny - 26 Jun 2014 07:08 - 570 of 709

Result of Equity Issue

Results of the Rights Issue

Lamprell, a leading provider of specialist engineering services to the international oil & gas and renewable industry, is pleased to announce that the 5 for 16 Rights Issue of 81,363,469 New Ordinary Shares at 88 pence per New Ordinary Share announced on 16 May 2014 closed for acceptances at 11.00 a.m. (UK time) on 25 June 2014. The Company received valid acceptances in respect of 78,528,325 New Ordinary Shares, representing approximately 96.52 per cent. of the total number of New Ordinary Shares to be issued pursuant to the fully underwritten Rights Issue.

It is expected that the New Ordinary Shares in uncertificated form will be credited to CREST accounts of Qualifying CREST Shareholders as soon as practicable after 8.00 a.m. (UK time) on 26 June 2014 and that definitive share certificates in respect of New Ordinary Shares in certificated form will be dispatched to Qualifying non-CREST Shareholders by no later than 10 July 2014.

It is expected that the New Ordinary Shares will commence trading, fully paid, on the London Stock Exchange plc's main market for listed securities today, 26 June 2014, at 8.00 a.m. (UK time).

In accordance with their obligations as Joint Bookrunners and Underwriters in respect of the Rights Issue pursuant to the Underwriting Agreement, J.P. Morgan Securities plc (which conducts its UK investment banking business as J.P. Morgan Cazenove) and HSBC Bank plc will endeavour to procure subscribers for the remaining 2,835,144 New Ordinary Shares not validly taken up in the Rights Issue, failing which J.P. Morgan Securities plc and HSBC Bank plc have agreed to acquire, on a several basis, any remaining New Ordinary Shares.

The net proceeds from the placing of such New Ordinary Shares (after the deduction of the Issue Price of 88 pence per New Ordinary Share and the expenses of procuring subscribers including any applicable brokerage and commissions and amounts in respect of VAT) will be paid (without interest) to those persons whose rights have lapsed in accordance with the terms of the Rights Issue, pro rata to their lapsed provisional allotments, save that individual amounts of less than £5.00 will not be paid to such persons but will be paid to the Company.

A further announcement as to the number of New Ordinary Shares for which subscribers have been procured will be made in due course.

For full details of the Rights Issue, please refer to the prospectus relating to the Company dated 16 May 2014 (the "Prospectus") which is available for inspection on the Company's website at www.lamprell.com and at the Company's registered office at Fort Anne, Douglas, IM1 5PD, Isle of Man, save that the Prospectus is not available, whether through the website or otherwise, subject to certain exceptions, to person located in the Excluded Territories.

Unless otherwise defined herein, capitalised terms used in this announcement shall have the meanings given to such terms in the Prospectus.
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