REG - Keller Group PLC - Results for the six months ended 30 June 2015 <Origin Href="QuoteRef">KLR.L</Origin> - Part 2

KellerAnnouncement

03/08/2015 07:01

- Part 2: For the preceding part double click  ID:nRSC7949Ua 

these shares. The total
number of shares held in Treasury was 1.3m (2014: 1.8m).  Treasury shares
issued in the year related to share options that were exercised. 
 
11.  Related party transactions 
 
Transactions between the parent, its subsidiaries and jointly controlled
operations, which are related parties, have been eliminated on consolidation. 
 
12.  Post balance sheet events 
 
On 2 July 2015, the Group acquired the entire issued share capital of Austral
Constructions Pty Limited ("Austral") for an initial cash consideration of
A$42m (£20.5m) and a deferred payment of up to A$20m (£9.8m), dependent on
Austral's EBITDA earned in the three years ending 30 June 2018. The
acquisition of Austral complements the Group's existing expertise in
near-shore marine work in Australia and enhances the Group's ability to
compete for large complex projects. 
 
There were no other material post balance sheet events between the balance
sheet date and the date of this report. 
 
Responsibility Statement 
 
The half yearly financial report is the responsibility of the Directors who
confirm that to the best of their knowledge: 
 
(a)      the condensed set of financial statements has been prepared in
accordance with IAS34 - Interim Financial Reporting; 
 
(b)      the interim management report includes a fair review of the
information required by DTR 4.2.7R - indication of important events during the
first six months and description of principal risks and uncertainties for the
remaining six months of the year; and 
 
(c)      the interim management report includes a fair review of the
information required by DTR 4.2.8R - disclosure of related party transactions
and changes therein. 
 
The directors of Keller Group plc are listed in the Keller annual report for
2014; however, since the publication of the annual report, Justin Atkinson has
retired from the Board and Alan Michaelis has been appointed. 
 
Approved by the Board of Keller Group plc and signed on its behalf by: 
 
A Michaelis 
 
Chief Executive 
 
J W G Hind 
 
Finance Director 
 
3 August 2015 
 
 1  All figures are stated before net exceptional items 
 
This information is provided by RNS
The company news service from the London Stock Exchange