Australian Securities Exchange - ASX Limited Exchange Centre
Level 4, 20 Bridge Street
Sydney NSW 2000
15 January 2016
Via e-lodgements: Sequence #826
Dear Sir / Madam
Market Update
Please find the attached Market Update for release.
Yours faithfully
Managing Director
Coffey International Limited ABN 16 003 835 112
Level 19, Tower B 799 Pacific Highway
Chatswood NSW 2067 Australia
t: +61 2 9406 1000
f: +61 2 9406 1002
coffey.com
Coffey International Limited (ASX:COF) today announced a plan to optimise the Geoservices business to maximise opportunities in markets where demand for its services is strongest.
The plan includes reduced overhead costs and office consolidations resulting in annual savings exceeding the related charge of approximately $15 million.
The off market takeover offer by Tetra Tech, which was announced free from conditions today, is not impacted.
For further information contact:
Media contacts Joeley Pettit Coffey Group Communications and Corporate Affairs Manager +61 407 061 421 | John Frey GRACosway +61 411 361 361 |
Investor Relations Consultant
+61 418 144 860
coffey•) About Coffey International LtdEvery Coffey relationship is built on trust.
Trust that's hard-earned through our proven expertise, our depth of global experience and our commitment to stay one step ahead.
Our specialists in geoservices, international development and project management work in partnership with our clients across the globe.
We create value throughout the asset lifecycle in the transport and property infrastructure, and energy and resources, sectors.
We deliver vital international aid projects for our clients.
Our united group of specialists take enormous pride in collaborating with our project partners. By digging deeper. Thinking smarter. And seeing further.
All so we can deliver the smartest solutions, every time.
Coffey International Limited ABN 16 003 835 112
Coffey International Limited issued this content on 2016-01-15 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-15 00:58:15 UTC
Original Document: http://www.coffey.com/assets/Uploads/20160115-COF-Market-update.pdf