News: DCG Decmil Group Ltd Updates On Its Rapid Deployment Of Prisons Project For Department Of...

March 12 (Reuters) - Decmil Group Ltd (DCG) :

• UPDATES ON ITS RAPID DEPLOYMENT OF PRISONS PROJECT FOR DEPARTMENT OF CORRECTIONS IN NEW ZEALAND
• CONFIRMS IT BELIEVES IT IS ENTITLED TO ALL AMOUNTS CLAIMED FOR ITS PERFORMANCE UNDER CONTRACT
• WILL MAKE FULL PROVISION IN ITS ACCOUNTS FOR MONEYS THAT REMAIN UNPAID UNDER CONTRACT, WHICH TOTAL ABOUT $50 - $60 MILLION
• CONFIRMS DISPUTE WILL MOVE IMMEDIATELY TO ARBITRATION
• PROVISION IN RESPECT TO RDP, WHICH WILL RESULT IN A LOSS FOR COMPANY FOR 6 MONTHS ENDED 31 DECEMBER 2019