17th Apr 2008 11:40
Interior Services Group PLC17 April 2008 ISG PLC('ISG') Re: OFT announcement ISG notes the Office of Fair Trading ('OFT') announcement in relation to itsbroad investigation into tender activities across the construction sector. Shareholders were made aware of the OFT's enquiries at Propencity Group Limited,which ISG acquired in 2006, in the annual report of that year. ISG andPropencity have cooperated fully with the OFT and the OFT has granted leniencyto Propencity, thus reducing any fines that might ultimately be levied. Pearce Construction (Midlands) Limited, a dormant company (since 2003) which wasacquired by ISG as part of the Pearce Group, is also listed amongst the 112firms cited by the OFT. With knowledge of the OFT investigation ISG secured, aspart of the terms of the acquisition, indemnities against any potentialfinancial liability that this company could incur from the outcome of thissituation. ISG will keep shareholders informed of any further material developments. 17 April 2008 Interior Services Group PLC David Lawther, Chief Executive 020 7392 5307 Jonathan Houlton Group Finance Director 020 7392 5393 College Hill Matthew Smallwood 020 7457 2020 Numis Securities Michael Meade 020 7260 1000 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
ISG.L