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MURRAY & ROBERTS HOLDINGS LIMITED - Habtoor Murray & Roberts Takenaka Joint Venture Receives Award

Release Date: 09/04/2019 13:30
Code(s): MUR     PDF:  
 
Wrap Text
Habtoor Murray & Roberts Takenaka Joint Venture Receives Award

MURRAY & ROBERTS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1948/029826/06
JSE Share Code: MUR
ADR Code: MURZY
ISIN: ZAE000073441
(“Murray & Roberts” and “the Company”)

HABTOOR MURRAY & ROBERTS TAKENAKA JOINT VENTURE (“HMRT”) RECEIVES
AWARD ON THE DUBAI INTERNATIONAL AIRPORT DISPUTE

Shareholders are referred to the Dubai International Airport dispute (“the dispute”), which
has been reported on in the Company’s financial results announcements over the past
number of years.

The board of directors of Murray & Roberts (“the Board”) advises that on 3 April 2019, an
arbitral award was issued in relation to the dispute.

The Tribunal, in its award, made a number of determinations, dealing with the many claims
and counterclaims of HMRT and the Client. In order to bring this matter to conclusion, the
Client now has to prepare and issue a Final Account for the Project, taking into
consideration the determinations and guidance of the Tribunal in its award, and the Client
and HMRT have to agree the Final Account.

The Board will provide further information on this matter as soon as the Final Account has
been resolved.


Bedfordview
9 April 2019

Sponsor
The Standard Bank of South Africa Limited

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