Statement re Barts Health NHS Trust tender

RNS Number : 5712K

Serco Group PLC

22 September 2016

 

Barts Health NHS Trust tender

22 September 2016

Serco Group plc ('Serco' or 'the Group'), the international service company, notes third-party comments and enquiries regarding the bid process for the Barts Health NHS Trust Soft Facilities Management Services tender.  Serco confirms that it has received notification that it has been appointed Preferred Bidder.  The Trust's procurement has an estimated total value of up to £600m over a potential 10-year term.  There is currently a mandatory standstill period following the appointment decision.  Following expiry of the standstill period, Serco will work closely with the Trust to finalise the terms of the contract in readiness for signature.

A further announcement will be made at the appropriate time.

This announcement contains inside information.

Ends

For further information please contact Serco:

Stuart Ford, Head of Investor Relations: T [phone]

Marcus De Ville, Head of Media Relations: T [phone]

About Serco

Serco is a leading provider of public services.  Our customers are governments or others operating in the public sector.  We gain scale, expertise and diversification by operating internationally across five sectors and four geographies: Defence, Justice & Immigration, Transport, Health and Citizen Services, delivered in UK & Europe, North America, Asia Pacific and the Middle East.

More information can be found at www.serco.com

Forward looking statements

This announcement contains statements which are, or may be deemed to be, "forward looking statements" which are prospective in nature.  All statements other than statements of historical fact are forward looking statements.  Generally, words such as "expect", "anticipate", "may", "should", "will" and similar expressions identify forward looking statements.  By their nature, these forward looking statements are subject to a number of known and unknown risks, uncertainties and contingencies, and actual results and events could differ materially from those currently being anticipated as reflected in such statements.  Factors which may cause future outcomes to differ from those foreseen or implied in forward looking statements include, but are not limited to: general economic conditions and business conditions in Serco's markets; contracts awarded to Serco; customers' acceptance of Serco's products and services; operational problems; the actions of competitors, trading partners, creditors, rating agencies and others; the success or otherwise of partnering; changes in laws and governmental regulations; regulatory or legal actions, including the types of enforcement action pursued and the nature of remedies sought or imposed; the receipt of relevant third party and/or regulatory approvals; exchange rate fluctuations; the development and use of new technology; changes in public expectations and other changes to business conditions; wars and acts of terrorism; and cyber-attacks.  Many of these factors are beyond Serco's control or influence.  These forward looking statements speak only as of the date of this announcement.  Past performance should not be taken as an indication or guarantee of future results and no representation or warranty, express or implied, is made regarding future performance.  Except as required by any applicable law or regulation, Serco expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward looking statements contained in this announcement to reflect any change in Serco's expectations or any change in events, conditions or circumstances on which any such statement is based after the date of this announcement, or to keep current any other information contained in this announcement.  Accordingly, undue reliance should not be placed on the forward looking statements.

 

END

 

 

STRGMGZLGZMGVZM