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Serco Group PLC (SRP.L)

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Latest Key Developments (Source: Significant Developments)

Serco Signs Contract With Australian Defence Force's Joint Logistics Command
Friday, 24 Aug 2018 

Aug 24 (Reuters) - Serco Group PLC ::SIGNED CONTRACT WITH AUSTRALIAN DEFENCE FORCE'S JOINT LOGISTICS COMMAND TO CONTINUE PROVIDING MIDDLE EAST LOGISTICS & BASE SUPPORT SERVICES.CONTRACT, STARTING IN JAN 2019, HAS A THREE-YEAR BASE PERIOD WITH TWO INDIVIDUAL OPTION YEARS AND VALUE OF APPROXIMATELY AU$135M.  Full Article

Serco Awarded $600 Million Single-Award ID/IQ Contract to Support Disaster Recovery
Tuesday, 2 Jan 2018 

Jan 2 (Reuters) - Serco Group Plc ::AWARDED A POSITION ON FEDERAL EMERGENCY MANAGEMENT AGENCY (FEMA) PUBLIC ASSISTANCE TECHNICAL ASSISTANCE CONTRACT (PA TAC) IV.RECEIVED A SINGLE-AWARD INDEFINITE DELIVERY, INDEFINITE QUANTITY (ID/IQ) CONTRACT THAT HAS A CEILING VALUE OF $600 MILLION OVER NEXT FIVE YEARS.  Full Article

Serco Group says standing down on Middle East Light Rail Bids
Monday, 13 Nov 2017 

Nov 13 (Reuters) - Serco Group Plc :TENDERING PROCESS FOR MIDDLE EAST RAIL OPPORTUNITIES IS TAKING MUCH LONGER THAN ANTICIPATED, DECIDED TO STAND DOWN BIDDING TEAMS AND REDIRECT EFFORTS ELSEWHERE​.THE BIDS REPRESENTED AN AGGREGATE £2.5BN OF £7.9BN PIPELINE; THEY WILL NO LONGER BE PART OF NEXT PIPELINE UPDATE THAT WILL BE REPORTED WITHIN FY RESULTS.  Full Article

Serco wins 26 mln stg extension to pilot training contract
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - SERCO GROUP PLC ::AWARDED EXTENSION TO HELICOPTER PILOT TRAINING CONTRACT AT RAF BENSON‍​.EXTENSION WILL SEE THE CONTRACT CONTINUE UNTIL AT LEAST OCTOBER 2025‍​.EXTENSION HAS A TOTAL ESTIMATED CONTRACT VALUE OF 26 MLN STG OVER THE EIGHT YEAR TERM, WITH POTENTIAL OPTIONS TO FURTHER EXTEND THE CONTRACT TO 2037.  Full Article

Serco ‍to acquire BTP Systems for $20 mln​
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - Serco Group Plc ::SERCO GROUP PLC - ‍TO ACQUIRE BTP SYSTEMS LLC ON A CASH-FREE, DEBT-FREE BASIS FOR $20M​.SERCO GROUP PLC - ‍ACQUISITION, SUBJECT TO REQUIRED APPROVALS, IS EXPECTED TO COMPLETE AROUND END OF YEAR​.  Full Article

Carillion updates on financing, disposals and work winning
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - Carillion Plc ::UPDATE ON FINANCING, DISPOSALS AND WORK WINNING.CARILLION PLC - ‍PROVIDES AN UPDATE ON DISCUSSIONS WITH ITS CREDITORS, DISPOSALS AND NEW CONTRACT WINS.​.CARILLION PLC - ‍SIGNING OF TWO COMMITTED FACILITIES, TOTALLING £140 MILLION, AS CONTEMPLATED BY THIS TERM SHEET​.CARILLION PLC - ‍ADDITIONAL LIQUIDITY IS FULLY AVAILABLE TO DRAW DOWN NOW​.‍THERE IS NO CHANGE TO 2017 GUIDANCE​.CARILLION - AGREED NEW COMMITTED BONDING FACILITIES, WITH DEFERRAL OF CERTAIN PENSION CONTRIBUTIONS.CARILLION PLC - ALSO AGREED TO ‍DEFERRAL OF REPAYMENT OF PRIVATE PLACEMENT NOTES DUE IN NOVEMBER 2017 AND SEPTEMBER​.CARILLION PLC - ‍DEFERRALS WILL BE UNTIL EARLIER OF FIVE BUSINESS DAYS FOLLOWING, (I) REPAYMENT OF NEW COMMITTED FACILITIES, AND (II) 1 JANUARY 2019​.CARILLION - ‍NEW FACILITIES AND AGREED DEFERRALS OUTLINED ABOVE IMPROVE GROUP COMMITTED HEADROOM THROUGHOUT 2018 BY BETWEEN APPROXIMATELY £170M AND £190M​.CARILLION - SIGNED HEADS OF TERMS WITH SERCO FOR DISPOSAL OF A LARGE PART OF ITS UK HEALTHCARE FACILITIES MANAGEMENT BUSINESS FOR AN AGREED PRICE OF £50.1M​.CARILLION PLC - ‍HAS AGREED TO GIVE SERCO A PERIOD OF EXCLUSIVITY TO PROVIDE PARTIES WITH TIME TO FINALISE A BUSINESS PURCHASE AGREEMENT.CARILLION PLC - ‍TRANSFERS OF CONTRACTS PURSUANT TO THIS DISPOSAL ARE EACH SUBJECT TO RECEIPT OF THIRD PARTY CONSENTS, AND, IF REQUIRED, SHAREHOLDER APPROVAL​.  Full Article

UK's Corbyn to meet asylum-seekers at centre of Scottish row

EDINBURGH, Aug 22 Britain's opposition Labour leader Jeremy Corbyn, on a four day trip to boost his party's fortunes in Scotland, will meet asylum seekers in Glasgow on Wednesday amid a row about the treatment of would-be immigrants.