CMH Chamberlin Plc

TIDMCMH

RNS Number : 3911M

Chamberlin PLC

21 January 2021

21 January 2021

Chamberlin plc

(the "Company" or the "Group")

Trading Update

Chamberlin plc (AIM: CMH.L), the specialist castings and engineering group, announced on 16 December 2020 BorgWarner's intention to cancel all contracts with effect from 22 January 2021. However the Company advises that it has now received revised orders from BorgWarner through to 22 March 2021.

The Board is implementing further measures to reduce costs and is exploring options to strengthen the balance sheet, including investigating the possibility of new equity capital and alternative measures to ensure the Company's future.

A further announcement will be made in due course.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.

Enquiries

 
Chamberlin plc                              T: 01922 707100 
 Kevin Nolan, Chief Executive 
 Neil Davies, Finance Director 
 
Cenkos Securities plc (Nominated Adviser    T: 020 7397 8900 
 and Broker) 
 Russell Cook 
 Katy Birkin 
 

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January 21, 2021 02:00 ET (07:00 GMT)

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