Re Contract
15 Junho 2007 - 4:01AM
UK Regulatory
RNS Number:3980Y
Worthington Nicholls Group plc
15 June 2007
RNS Release
15 June 2007
Worthington Nicholls Group plc secures contract with IHG
First customer contract to comply with new EU legislation
Worthington Nicholls Group plc (AIM: WNG) ("Worthington Nicholls"), one of the
UK's largest installers of air conditioning, heating, ventilation and chilled
water systems, has signed a multi million pound contract for nine years through
to June 2016 with IHG Managed Services, part of the Intercontinental Hotels
Group ("IHG"). In the context of recent Company contract announcements, this is
one of the most significant.
The maintenance contract secured by Worthington Nicholls will cover the
maintenance and extended warranty of the air conditioning units in guest
bedrooms, public areas, back of house and Spirit Health Clubs across the UK and
Ireland estate.
The agreement follows an initial extended warranty and maintenance contract
awarded to WNG in 2003 for four years as part of the UK and Ireland air
conditioning installation roll-out.
The contract Worthington Nicholls has secured will ensure IHG has regulatory
compliance with new F Gas legislation, part of wider EU environmental
legislation, which comes into force on 4 July 2007 and will involve the
monitoring of all HCFC refrigerant compliance systems.
As part of the legislation, R22 refrigerants will be banned from 1 January 2015
and the new contract will take IHG through the R22 phase out period.
Mark Worthington, Chief Executive of Worthington Nicholls, said:
"We are very pleased to have secured a large contract and at a significant stage
in our growing relationship with IHG. The current EU legislation will ensure
that companies have to make major changes to their air conditioning systems over
the next seven years. We estimate that there are currently approximately one
million units still in use in the UK alone, with a replacement and installation
cost of over #7 billion."
Notes to editors
European legislation introduced in 2000, banned the use of R22 as an ozone
depleting substance and introduced a phase-out programme. As a result, the
manufacture of new air conditioning equipment using R22 was discontinued in
stages between 2001 and 2004 as manufacturers released equipment to operate on
non-ozone depleting substances. The legislation decreed that existing installed
systems may be serviced using new R22 until January 2010, after which time only
recycled R22 could be used but not beyond 2015.
Enquiries:
Worthington Nicholls 0870 609 1829
Mark Worthington, Chief Executive
David Levis, Corporate Director
Blue Oar Securities 020 7448 4400
Romil Patel/Rhod Cruwys
Gresham PR Ltd 020 7404 9000
Neil Boom/Laura Black
Information on Worthington Nicholls can be accessed via the Group's website:
www.worthington-nicholls.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
END
CNTUSONRBSRNAAR
Worthington Nicholls (LSE:WNG)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024
Worthington Nicholls (LSE:WNG)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024
Notícias em tempo-real sobre Worthington Nic da Bolsa de Valores de Londres bolsa de valores: 0 artigos recentes
Mais Notícias de Worthington Nicholls