(LAM.L) Lamprell PLC Buy/Sell

RNS Number : 8068T Lamprell plc 12 June 2009

12 June 2009

LAMPRELL PLC

("Lamprell" or the "Company")

The Annual General Meeting (the "AGM") of the Company was held at the offices of the Company in Jebel Ali, Dubai, United Arab Emirates on 11th June 2009 at 12.00 noon (UAE time).

Results of the AGM

All resolutions were passed on a show of hands.

FINAL PROXY VOTING TOTALS

Resolution no Business TOTAL FOR AGAINST WITHHELD
Ordinary Business
1 To receive and adopt 137,124,947 137,124,947 0 0
the Company's
financial statements
together with the
reports of the
directors and
auditors for the
period ending 31
December 2008
2 To approve the 133,224,180 80,317,284 52,906,896 3,900,767
Directors'
remuneration report
for the year ended
31 December 2008
included in the
Annual Report and
Accounts for 2008.
3 To declare a final 137,124,947 137,124,947 0 0
dividend of US$
0.0315 per ordinary
share as recommended
by the directors
4 To re-appoint Nigel 136,078,407 135,042,168 1,036,239 1,046,540
McCue as a director
of the Company
5 To re-appoint Scott 137,118,327 137,118,327 0 6,620
Doak as a director
of the Company
6 To re-appoint 131,341,863 110,934,647 20,407,216 5,783,084
Jonathan Silver as a
director of the
Company
7 To re-appoint Colin 135,441,187 134,977,007 464,180 1,683,760
Goodall as a
director of the
Company
8 To re-appoint Brian 137,118,327 137,118,327 0 6,620
Fredrick as a
director of the
Company
9 To reappoint the 137,097,847 136,847,847 250,000 100
auditors,
PricewaterhouseCoope
rs, Isle of Man, as
auditors of the
Company
10 To authorise the 136,024,847 136,024,847 0 1,100,100
directors to fix the
auditors'
remuneration
Special Business
11 To authorise the 137,116,839 137,104,469 12,370 8,108
directors to allot
shares pursuant to
Article 5.1 of the
Company's Articles
of Association
12 To disapply the 137,118,869 137,100,169 18,700 3,278
pre-emption rights
pursuant to article
5.2 of the Company's
Articles of
Association
13 To authorise the 137,124,497 137,100,177 24,320 100
Company to make
market purchases of
its ordinary shares
14 To authorise the 137,118,689 137,108,769 9,920 6,258
Company to provide
documents by
electronic means
and/or through
website publication

Notes:

1. Any proxy appointments which gave discretion to the Chairman have been included in the 'FOR' total.

2. A 'VOTE WITHHELD' is not a vote in law and is not counted in the calculation of the proportion of votes for or against a resolution and is not included in the total proxy votes received for each resolution.

3. Number of shares in issue at meeting date: 200,279,309.

4. Resolutions 11 to 14 were passed as special business resolutions and two copies of each resolution have been submitted to the UK Listing Authority and will shortly be available for inspection in the UK Listing Authority's Document Viewing Facility, which is situated at:

The Financial Services Authority

25 The North Colonnade

Canary Wharf

London

Other news

The Company also announces the change in the Chairmanship of the Remuneration Committee. Brian Fredrick has been appointed as the Chairman of the Remuneration Committee with immediate effect. Richard Raynaut and Colin Goodall will continue as the Chairmen of the Audit and Nomination Committees respectively.

Enquiries:

Lamprell plc +44 (0) 207 153 1547

Scott Doak, Chief Financial Officer Ravindra Dabir, Company Secretary

M:Communications, London
Patrick d'Ancona +44 (0) 207 153 1547
Georgina Briscoe +44 (0) 207 153 1548
Charlotte Kirkham +44 (0) 207 153 1531

This information is provided by RNS The company news service from the London Stock Exchange

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RNS Number : 6991T Lamprell plc 11 June 2009

11 June 2009

LAMPRELL PLC

("Lamprell" or the "Company")

LAMPRELL AGM - STATEMENT FROM THE CHAIRMAN

Lamprell (ticker: LAM), a leading provider of specialist engineering services to the international oil & gas industry based in the United Arab Emirates ("UAE"), is holding its Annual General Meeting at 12 pm UAE time (9am UK time) today at the Lamprell Group offices in Jebel Ali Free Zone, Dubai, UAE. At the meeting, Chairman, Jonathan Silver, will make the following statement on current trading:

RNS Number : 5104S Lamprell plc 19 May 2009

TR-1: notification of major interests in shares
1. Identity of the issuer or the underlying issuer LAMPRELL PLC

of existing shares to which voting rights are attached:
2. Reason for the notification (please tick the appropriate box or

boxes)
An acquisition or disposal of voting rights X

An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached An event changing the breakdown of voting rights Other (please specify): ___________
3. Full name of person(s) subject to the Ignis Investment Services Limited

notification obligation: 4. Full name of shareholder(s) (if different from 3.):
5. Date of the transaction (and date on which the 15/05/2009

threshold is crossed or reached if different):
6. Date on which issuer notified: 19/05/2009
7. Threshold(s) that is/are crossed or reached: 3%
8. Notified details: Nominee holdings

A: Voting rights attached to shares
Class/type of shares Situation previous to the Triggering Resulting situation after the triggering transaction
if possible using the ISIN transaction

Number of Shares Number of Voting Number of shares Number of voting % of voting
Rights viii rights ix rights
Direct Direct x Indirect xi Direct Indirect
GB00B1CL5249 8,209,869 7,921,134 3.96%
(Indirect)

B: Financial Instruments Resulting situation after the triggering transaction xii
Type of financial instrument Expiration date xiii Exercise/ Conversion Number of voting % of voting rights
Period/ Date xiv rights that may be
acquired if the
instrument is
exercised/
converted.

Total (A+B) Number of voting rights % of voting rights
7,921,134 3.96%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable xv: Pearl Group Limited Impala Holdings Limited Pearl Group Holdings (No.1) Ltd Ignis Asset Management Ltd Ignis Investment Services Ltd (indirect)

BNY (OCS) Nominees Ltd (885,475 0.44%)

Vidacos Nominees Ltd (7,035,659 3.52%)

Proxy Voting: 10. Name of the proxy holder: 11. Number of voting rights proxy holder will cease to hold: 12. Date on which proxy holder will cease to hold voting rights: 13. Additional information: Percentage calculation based on Issued Share
Capital of 200,279,309
14. Contact name: Deborah A. Wagner
15. Contact telephone number: 0141 222 8000

Annex Notification Of Major Interests In Shares xvi A: Identity of the person or legal entity subject to the notification obligation
Full name (including legal form for legal entities) Ignis Investment Services Limited
Contact address (registered office for legal entities) 50 Bothwell Street, Glasgow, G2 6HR
Phone number 0141 222 8000
Other useful information (at least legal representative for Deborah A. Wagner

legal persons)

B: Identity of the notifier, if applicable xvii
Full name Deborah A. Wagner
Contact address 50 Bothwell
Street, Glasgow, G2

Phone number 0141 222 8285
Other useful information (e.g. functional Company Secretary

relationship with the person or legal entity subject to the notification obligation)

C: Additional information
Notes

<HR>---------------------------------------

This information is provided by RNS The company news service from the London Stock Exchange

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RNS Number : 3849S
  Lamprell plc
  18 May 2009
   

    

18 May 2009                                    

LAMPRELL PLC
("Lamprell" or the "Group")

INTERIM MANAGEMENT STATEMENT

Lamprell (ticker: LAM), a leading provider of specialist engineering services to the international oil & gas industry, issues the following Interim Management Statement for the period 1 January 2009 to 17 May 2009. 

The performance to date has been broadly in line with management expectations although the Group continues to experience challenging trading conditions.

The Board continues to devote considerable time to the effective management of the Group's cost base, the results of which, a large reduction both in the number of labour supply personnel employed and in the amount of hired equipment being utilised, are now being felt. In addition, the procurement group has started to establish a number of strategic agreements with various suppliers and this initiative is expected to deliver significant cost savings throughout 2009 and beyond.

From an operating perspective Lamprell continues to focus on maintaining high standards of project execution, with a particular emphasis on quality and safety, whilst delivering projects both on time and on budget. These core values have resulted in the successful delivery of Lamprell's first Engineering, Procurement and Construction ("EPC") projects, the Seajacks Kraken for Seajacks International Limited ("Seajacks"), and the Scorpion Offshore Freedom for Scorpion Offshore Ltd ("Scorpion"). Work continues on the remaining EPC projects, the jackup rig, the Scorpion Offshore Mischief, as well as the second Seajacks liftboat, the Seajacks Leviathan, and BassDrill Limited tender barge Alpha. The Company remains in discussion with Riginvest G.P. regarding financing options of the LeTourneau Super 116E jackup drilling rig project.  

In rig refurbishment we have worked on 11 jackup rigs at our Sharjah and Hamriyah facilities since January, including 3 jackup rigs at our new Hamriyah facility whilst our Sattahip facility in Thailand has secured and worked on its first jackup rig, the Ensco 51. In Jebel Ali work is proceeding on the Saipem Livorno process modules for Saipem SPA and the spud can extensions for Master Marine ASA. 

We have continued to see high levels of enquiries for our services in most sectors of our business, and whilst recognising the potential weakening of the rig refurbishment market, the Board remains optimistic that the long term prospects of the Group remain promising.

The Group's order book at the end of April was approximately US$ 487 million, comprising approximately US$ 426 million from EPC projects and approximately US$ 29 from Floating Production, Storage and Offloading projects. The Group's financial position has not changed significantly from 31 December 2008, with the Group's balance sheet remaining strong.

- Ends -

Enquiries:

Lamprell plc                                                                             +44 (0)20 7153 1547

Nigel McCue, Chief Executive Officer

Scott Doak, Chief Financial Officer

Peter Whitbread, Director of International Development 

M:Communications, London     
Patrick d'Ancona                                                                       +44 (0)20 7153 1547

Georgina Briscoe                                                                      +44 (0)20 7153 1548

Charlotte Kirkham                                                                     +44 (0)20 7153 1531

Notes to editors 

Lamprell, based in the UAE, has played an increasingly prominent role in the development of the offshore industry in the Arabian Gulf for over 30 years, in later years providing specialised services to the offshore oil and gas industry. 

*     Lamprell's three primary facilities are in Port Khalid and the Hamriyah Free Zone, in the Emirate of Sharjah, and in the Jebel Ali Free Zone, in the Emirate of Dubai, all of which are in the UAE.

*     The principal markets in which Lamprell operates, and the principal services it provides, are:

*     * Upgrade and refurbishment of offshore jackup rigs;    * Engineering, procurement and construction of jackup rigs, liftboats and drilling related equipment;    * New build construction for the offshore oil and gas sector, including Floating Production, Storage and Offloading systems and other offshore and onshore structures; and    * Oilfield engineering services, including the upgrade, refurbishment and new building of land rigs.

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This information is provided by RNS
The company news service from the London Stock Exchange
 
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