7 Jun 2016 09:21
7 June 2016
Sweett Group plc("Sweett Group" or the "Company")
Outcome of claim relating to the sale of Asia Pacific and India businesses
Further to its announcement on 8 March 2016, Sweett Group (AIM:CSG.L), the provider of professional services for the construction and management of building and infrastructure projects, announces the outcome of the claim relating to the sale of its Asia Pacific and India businesses to Currie & Brown Holdings Limited ("Currie & Brown"), the asset management and construction consultancy.
Grant Thornton, an international independent accounting and consulting firm, has delivered the expert determination on this matter and confirms that £1.3 million is to be paid by the Company to the purchaser, Currie & Brown out of the total original amount claimed of £1.8 million. This concludes the matter.
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For further information, call:
Sweett Group plc: | +44 (0)20 7061 9000 |
Douglas McCormick, Chief Executive Officer | |
Patrick Sinclair, Chief Financial Officer | |
Josephine Guckian, Group Marketing and Communications Director | |
Stockdale Securities Limited: | +44 (0)20 7601 6100 |
Tom Griffiths | |
Camarco | +44 (0)20 3757 4980 |
Billy Clegg | |
Georgia Mann |
About Sweett Group
Sweett Group is a provider of professional services for the construction and management of building and infrastructure projects. We offer cost consulting and project management services supporting clients through every stage of the project life cycle based upon our international expertise and local knowledge.
Our strength is our people's world class talent through which, we have time and again, delivered exceptional results. A modern, progressive company, Sweett Group sets itself apart through people, culture, and aptitude to change. By collaborative practices and innovative thinking supported at all levels, our clients receive an offering that is constantly evolving and improving in response to project needs.
www.sweettgroup.com