Interim Management Statement


 

TIDMASTO 
 
RNS Number : 9975J 
AssetCo PLC 
12 April 2010 
 

 
12 April 2010 
 
 
 
 
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| Interim Management Statement                                        | 
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                                  AssetCo plc 
                          ("AssetCo" or "the Company") 
 
AssetCo plc (AIM:ASTO), the specialist Fire and Rescue services provider is 
pleased to give the following update on trading. 
 
Despite the difficult overall economic environment, the Board is confident that 
current market expectations will be met for the full year ending 31 March 2010. 
The Company has continued to reposition its activities as a pure support 
services business. In March 2010, the company announced a transformational 
agreement for a three year contract to provide a fully outsourced fire fighting 
service by His Highness General Sheikh Mohammed Bin Zayed Al Nahyan, the Crown 
Prince of Abu Dhabi and the Deputy Supreme Commander of the UAE Armed Forces. 
The value of the contract is for an initial GBP40m and positions the Company 
well for future growth internationally. 
 
This award followed on from the earlier selection of AssetCo as joint venture 
partner with the Abu Dhabi Government for the development of an Emergency 
Services training facility, Disaster City. 
 
In the UK, the Company remains well positioned to continue to increase the level 
of services it provides to the London Fire Brigade as was demonstrated by the 
award of the seven year CapitalGuard contract in August 2009 for the provision 
of 700 reserve firefighters. 
 
In line with the Company's strategy to generate all revenues as a support 
services business, all other activities have been exited or are being divested. 
 
Enquiries: 
+---------------------------------+---------------------------------+ 
| AssetCo plc                     |  +44 (0) 20 8515 3999           | 
+---------------------------------+---------------------------------+ 
| John Shannon, Chief Executive   |                                 | 
| Officer                         |                                 | 
| James Collins, Investor         |                                 | 
| Relations                       |                                 | 
+---------------------------------+---------------------------------+ 
|                                 |                                 | 
+---------------------------------+---------------------------------+ 
| Arden Partners plc              | +44 (0)20 7614 5932             | 
+---------------------------------+---------------------------------+ 
| Richard Day                     |                                 | 
+---------------------------------+---------------------------------+ 
| Adrian Trimmings                |                                 | 
+---------------------------------+---------------------------------+ 
|                                 |                                 | 
+---------------------------------+---------------------------------+ 
| Pelham Bell Pottinger           | +44 (0) 20 7337 1500            | 
+---------------------------------+---------------------------------+ 
| Alex Walters                    |                                 | 
+---------------------------------+---------------------------------+ 
| Francesca Tuckett               |                                 | 
+---------------------------------+---------------------------------+ 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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