Board Changes and Trading Update

For immediate release

24 September 2020

Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR).

NMCN PLC

Board Changes and Trading Update

The Board of nmcn PLC announces that Group CEO, John Homer has stepped down with immediate effect. The Group Chairman, Robert Moyle has been appointed acting CEO until a permanent replacement is in post. Ian Elliott will assume the role of Chairman pro tem while Robert is acting CEO. The search for a new CEO will commence immediately.

Current activity levels remain in-line with Board expectations, albeit with operational challenges and some additional costs that are impacting margins the Group may incur losses this year.

Further guidance will be given shortly. 

Ian Elliott, Acting Chairman commented:

 "We are fortunate in having someone of Robert's experience and knowledge of the business to step into the role with immediate effect."

For further information please contact:

nmcn PLC - 01623 515 008

Robert Moyle, Acting Chief Executive

About nmcn

nmcn PLC is a leading engineering and construction company in the UK. Its talented 1,800-strong team offers multi-sector engineering and construction skills, technical innovation, design, and specialist fabrication.

The Company delivers major built environment and water industry projects across the UK - from buildings and highways to large-scale water networks and treatment plants. With its history dating back to 1946, nmcn now has 12 UK offices and four off-site manufacturing facilities.

www.nmcn.com