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Amec Foster Wheeler PLC   -  AMFW   

SFO investigation

Released 18:13 11-Jul-2017

RNS Number : 7762K
Amec Foster Wheeler PLC
11 July 2017
 

SFO investigation

In its circular to shareholders published on 23 May 2017 the company disclosed that the UK Serious Fraud Office (SFO) may well commence an investigation into Amec Foster Wheeler. The company confirms that today it has been informed by the SFO that it has now opened an investigation into Amec Foster Wheeler, predecessor companies and associated persons in respect of the Foster Wheeler business. The investigation focuses on the past use of third parties and possible bribery and corruption and related offences.

Amec Foster Wheeler takes its obligation to conduct business ethically very seriously and has in place a robust global anti-bribery programme, including a detailed code of conduct and anti-bribery and corruption policies. Amec Foster Wheeler continues fully to co-operate with and assist the SFO.

Given the stage of this matter, it is not possible to estimate reliably what effect the outcome of it may have on Amec Foster Wheeler.  However, the SFO's investigation is not expected to have an impact on the completion of the merger of Amec Foster Wheeler and John Wood Group, which is expected to take place in the fourth quarter of this year.

 

Enquiries:

Investors: Rupert Green, Chief Corporate Development Officer                 Tel: +44 (0)20 7429 7500
Media: Jonathan Refoy, Director of Corporate Affairs

Publication on Website

A copy of this announcement will be made available on Amec Foster Wheeler's website at www.amecfw.com by no later than 12 noon (London time) on the business day following publication of this announcement. For the avoidance of doubt, the contents of this website are not incorporated into and do not form part of this announcement.

This announcement contains 'forward-looking statements' within the meaning of the US Private  Securities Litigation  Reform  Act of  1995  with respect  to certain investigations and examinations, and their potential impact upon the group or its proposed merger. By their nature, forward-looking statements are inherently predictive, speculative and involve risk and uncertainty because they relate to events and depend on circumstances that  will occur in  the future.  There are a number of factors that could cause  actual results  and  developments to differ materially  from those  expressed or implied by  these  forward-looking statements, including those set out in the Group's annual report and Form 20-F. No assurances can be given that the forward-looking statements in this document will be realised. Subject to compliance with applicable law and regulations, the company does not intend to update these forward-looking  statements and does not undertake  any  obligation  to do  so. 

 


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