Year In Review

Our performance in 2015 reflected the benefits of our consistent and successful strategy.

2015 Financial Results
  • Revenue +13%


    2014: £4.1bn

  • Underlying profit from operations +8%


    2014: £216.9m

  • Underlying operating margin


    2014: 5.6%

  • Underlying profit before taxation +2%


    2014: £172.9m

  • Underlying earnings per share +4%


    2014: 33.7p

  • Proposed full-year dividend per share



  • Net borrowing +4%


    2014: £177.3m

  • Committed funding +2%


    2014: £1.3bn

  • Financial performance in line with expectations
    • Strong revenue growth of 13 percent, of which 10 per cent was organic, with organic growth in all business segments
    • Good growth in underlying profit before taxation and earnings per share
    • Strong cash flow from operations.
    • Strong underlying cash flow from operations
    • Net borrowing reduced to £169.8 million at 31 December 2015 (2014: £177.3 million)
    • Considerable financial strength with some £1.4 billion of funding available to support our strategy for growth
  • Robust, high-quality order book and a growing pipeline of contract opportunities
    • New orders and probable orders worth £3.7 billion (2014: £5.1 billion), reflecting the expected impact in the first half of the UK General Election, with £2.7 billion secured in the second half of the year remained strong at £17.4 billion (2014: £18.6 billion), after removing £0.3 billion from the order book due to selling equity investments in Public Private Partnership projects
    • Strong revenue visibility for 2016 of 84 per cent (2014: 85 per cent for 2015)
    • Awarded framework agreements worth over £2.0 billion, which is not yet included in the order book or in probable orders, but will give further revenue growth opportunities
    • Pipeline of specific contract opportunities increased to £41.4 billion (2014: £39.2 billion) in markets offering good growth potential
    • Proposed full-year dividend increased by 3% to 18.25p (2014: 17.75p)
    • Well positioned to make further progress in 2016

Key Financials

In 2015 total revenue increased by 13 per cent to £4.6 billion (2014: £4.1 billion) largely driven by organic growth of 10 per cent, following a strong work-winning performance over the last 18 months.

Summary financial performance

Revenue 2015
Change from 2014 %
Support Services 2,534.2 2,323.9 +9
Public Private Partnership Projects 192.8 162.5 +19
Middle East Construction Services 601.6 500.7 +20
Construction Services (excluding the middle East) 1,258.3 1,084.8 +16
4,586.9 4,071.9 +13
Underlying operating profit
Support Services 146.6 135.9 +8
Public Private Partnership Projects 49.3 34.5 +43
Middle East Construction Services 25.3 25.1 +1
Construction Services (excluding the middle East) 37.8 41.5 -9
259.0 237.0 +9
Group eliminations and unallocated items (14.6) (11.0) -33
Underlying operating profit from operations before Joint Ventures net financial expense and taxation 244.4 226.0 +8
Share of Joint Ventures net financial expense (7.1) (6.4) -11
Share of Joint Ventures taxation (2.9) (2.7) -7
Underlying operating profit from operations 234.4 216.9 +8
Underlying Group net financial expense (57.9) (44.0) -32
Underlying operating profit before taxation 176.5 172.9 +2
Intangible amortisation arising from business combinations (20.0) (16.8) -19
Non-recurring operating items (5.0) - -100
Non-operating items (2.5) (9.9) +75
Fair value movement in derivative financial instruments 6.1 (3.6) +69
Reported profit before taxation 155.1 142.6 +9

5 Year Summary

Revenue & Profit 2015
Total Revenue 4586.9 4071.9 4080.9 4402.8 5051.2
Underlying profit before tax 176.5 172.9 174.7 200.0 204.5
Profit before taxation 155.1 142.6 110.6 164.8 123.8
Profit for the Year 139.4 127.5 106.3 154.9 123.8
Underlying operating profit margin 5.3 5.6 5.6 5.6 4.9
Underlying profit profit from operations margin 5.1 5.3 5.3 5.2 4.4
Assets & Borrowing 2015
Net assets 1017.3 894.5 983.6 1010.7 982.5
Net borrowing at 31 Dec (169.8) (177.3) (215.2) (155.8) (50.7)
Earnings per share 2015 2014 2013 2012 2011
Underlying earnings per share (p) 35.0 33.7 34.7 40.4 42.3
Basic earnings per share (p) 30.9 28.0 23.3 34.6 28.6
Dividends 2015 2014 2013 2012 2011
Full year dividend per share (p) 18.25 17.75 17.50 17.25 16.9
Underlying proposed dividend cover (times) 1.9 1.9 2.0 2.3 2.5
Basic dividend cover cover (times) 1.7 1.6 1.3 2.0 1.7

Our Strengths

Our integrated business model enables us to use our three core service offerings of support services, project finance and construction, either individually or in combinations, to create unique solutions for our customers, designed to meet their specific needs.

Richard Howson, Group Chief Executive

Our business

We have three core capabilities – support services, project finance and construction – and we use these individually or in combinations to design and deliver sustainable services to meet the specific needs of our customers.

A strong track record

Our consistent and successful strategy, underpinned by our integrated business model and centralised operating platform, has enabled us to return to strong revenue growth in 2015.

Our integrated business model

Our business model enables us to take an integrated approach to everything we do by using all the resources and skills we have across the Group to select the contracts for which we bid, develop contract bids that offer innovative, value-for-money and sustainable solutions for our customers, monitor and manage the performance of the contracts we win throughout their life and deliver contracts safely and successfully to create value for all our stakeholders as well as value we can reinvest in our business.


Looking forward, we expect to continue benefiting from our successful strategy and integrated business model. Although trading conditions remain challenging in several of our markets, we continue to see signs of some improvement, especially in the UK, and we have a strong order book plus probable orders worth £17.4 billion. This also continues to give us good revenue visibility, which was 84 per cent for 2016 at 31 December 2015.

Given the strength of the Group’s order book, our pipeline of contract opportunities and operating cash flow, which enables us to continue investing to support our strategy for growth, we believe the overall outlook remains positive and that the Group continues to be well positioned to make further progress in 2016.

Corporate Governance

We believe that good governance is an essential part of the way we undertake our business on a day-to-day basis, while maintaining effective risk management, control and accountability.


The Board is firmly committed to the highest standards of corporate governance and considers that good governance commences with an effective Board providing strong and respected leadership.

The Non-Executive Directors bring their wide experience to the boardroom to both support and develop business strategy and operations and to constructively challenge the Executive Directors.

In addition, the Board evaluation process which we introduced in 2002 supports the culture of constructive challenge and confirms that Non-Executive Directors are independent in their judgement.

Meet the board & Leadership Team

Our Policies

  • Ethics and Business Integrity Policy

    The Board remains committed to maintaining high standards of ethics and business integrity throughout the organisation recognising this to be essential to both Group performance and reputation.

    Carillion is committed to the preservation of its reputation and integrity through compliance with applicable laws, regulations and ethical standards across all territories in which it operates. Carillion's clear and unequivocal approach to business integrity and ethics underlies the Group's core values.

    The Ethics and Integrity Policy is designed to ensure that Carillion conducts its business to the highest ethical standards. The Ethics and Business Integrity Policy sets out the standards and behaviours that all Carillion employees are expected to meet wherever in the world we operate.

    The way Carillion delivers this policy is reflected in the way the Group competes for business and delivers its services, focused on quality, value for money and the reliability and reputation of its employees.

    Download the Ethics and Business Integrity Policy (PDF)
  • Prohibition of fraud, bribery and corruption

    Carillion takes extremely seriously the prevention and detection of fraud, bribery and corruption and any other fraudulent or corrupt activity. It will not tolerate them in any form. The Board is fully committed to promoting a zero tolerance approach across the Carillion Group. There is a Fraud Policy in existence.

  • Gifts and hospitality

    It is prohibited for a Carillion employee to offer or receive gifts or hospitality that could influence or be perceived to be capable of influencing the outcome of transactions or decisions relating to Carillion's business. There is a Gifts and Hospitality Policy. Insider trading. Those who have access to inside information are advised of their responsibilities under the insider dealing rules. There is a Carillion Insider Dealing Code.

  • Conflicts of interest

    All Carillion employees must disclose or seek direction on any issues that could potentially conflict with their responsibilities to the Company. There is a Conflicts of Interest Policy.

  • Ethical procurement

    Carillion seeks to ensure that it maintains its ethical standards and behaves respectfully when working with others. The relationships with Carillion's suppliers and business partners are based on the principle of fair and honest dealings at all times and in all ways. Carillion expects its suppliers and business associates and joint venture partners to extend the same high standards to all others with whom they do business, including employees, sub-contractors and other third parties. There is a Purchasing and Supply Chain Code of Ethics and a Sustainable Supplier Charter.

  • Competition

    Carillion plc, its subsidiaries and associated companies under Carillion control have a policy that all business activities are carried out in full compliance with competition laws - the laws which prevent anti-competitive behaviour. Competition law prevents companies from carrying out any activities that restrict competition and makes illegal activities such as price fixing, unfair pricing, market sharing and refusal to supply customers. There is a Competition Compliance Guide.

  • Money laundering

    Carillion aims to maintain high standards of conduct by preventing criminal activity through money laundering. There is a Money Laundering Policy.

  • Respect for Human Rights

    Carillion supports the belief that human rights are universal and adheres to the principles of human rights in its operations. Carillion supports the United Nations Declaration on Human Rights and works hard to ensure that in all areas of interaction with its employees, clients, suppliers, third parties, interviewees and joint venture parties that everyone is protected and treated absolutely fairly. Carillion has a Health & Safety Policy and an Equal Opportunities and Diversity Policy. Law and regulation. Carillion respects the rule of law in all our dealings and has minimum standard compliance with all law and regulation to which its businesses are subject. Carillion has legal compliance programmes for:

    • European Union and United Kingdom Competition Laws
    • Bribery Act 2010
    • Canadian Criminal Code C46
    • Corruption of Foreign Public Officials Act (Canada).
  • Ethics and Compliance Office

    As a response to the introduction of the Bribery Act 2010, the Ethics and Compliance Office was established in 2010. This Office reviews and monitors compliance and ensures that Carillion maintains high ethical standards. It reports to the Business Integrity Committee on key global compliance risks and functional activity.

  • Reporting, disclosure and whistleblowing

    All of Carillion's employees have a responsibility to protect Carillion's assets, including information and goodwill as well as property. Carillion encourages its people to raise genuine concerns about malpractice at the earliest possible stage and in the right way. There is a Whistleblowing Policy and an Ethics and Business Integrity Incident Response Plan.

    This Ethics and Business Integrity Policy is applied by all Carillion's businesses through a series of detailed procedures. They allow Carillion to carry into practice its reputation for conducting business to the highest ethical standards, which are essential to its relationships with customers, businesses partners, employees, shareholders and the public. The detailed procedures reflect the way Carillion competes for business; through the quality and value of its work and through the reliability and reputation of its people.

    The Ethics and Business Integrity Policy is overseen by the Business Integrity Committee, and its implementation is reviewed annually by the Board.

  • Policy on external appointments

    Recognising that external appointments can broaden experience and knowledge and so be of benefit to the Company, Executive Directors are permitted, at the discretion of the Board, to accept a limited number of such appointments and retain the fees received for such appointments.

  • Nomination and remuneration of Directors

    The appointment of a Director is a matter for resolution by the Board as a whole, taking advice from the Nominations Committee.

    For the Board appointment of Alison Horner, the Nominations Committee has used the services of the executive recruitment consultants, the Lygon Group. Details of potential candidates are provided by the consultants and initially reviewed by a sub-committee of the Nominations Committee. Meetings with selected candidates are then held with the Directors.

    Subsequently, the Nominations Committee meets to recommend an appointment, which is then proposed to the Board for approval. The fees of Non-Executive Directors are determined by the Board as a whole, taking into account the commitment required and participation in the work of committees and other advisory services in relation to the business of the Group.

    In advising the Board on such fees, it is the policy of the Executive Directors to seek independent external advice concerning the appropriateness of the amounts by comparison with general practice. The level of fees currently payable to the Non- Executive Directors is based on independent external advice.

  • Retirement of Directors

    In accordance with the UK Corporate Governance Code, all directors submit themselves for re-election at the Annual General Meeting.

    The service contracts of the Executive Directors and the terms and conditions of appointment of the Non-Executive Directors are available for inspection at the registered office of the Company during normal business hours on any weekday (bank holidays excepted) and at the Annual General Meeting.

  • Induction and development of Directors

    Directors are provided with a comprehensive information pack on joining the Company and are advised of their legal and other duties and obligations as a director of a listed company. In addition, all new Directors receive induction on their appointment covering such matters as the operation and activities of the Group, the role of the Board and the Company's corporate governance procedures.

    Directors are also briefed by the Company's external advisers, where appropriate, on changes to legislation or regulation or market practice as well as receiving briefings from business units throughout the year. The regular updating of Directors' skills and knowledge is encouraged, including in relation to environmental, sustainability and governance matters, and a procedure has been established whereby the Company Secretary is notified by Directors of their requirements in this respect.

    Training for Directors is kept under review during the year.

  • Relations with shareholders

    The Executive Directors and the Director of Group Corporate Affairs meet regularly with representatives of major shareholders in order to foster the mutual understanding of objectives. Meetings are also held with other shareholders and prospective shareholders.

    The details of these meetings are reported to the Board. The Chairman and Senior Independent Non-Executive Director are available for meetings with representatives of major shareholders as required. The Chairman and Company Secretary have also met with major shareholders and fund managers to discuss governance matters.

    Private and institutional shareholders are encouraged to attend the Company's Annual General Meeting. The Company complies fully with the provisions of the UK Corporate Governance Code in respect of the notice, content of agenda and conduct of its Annual General Meetings.

Equality and Diversity Policy (PDF)

Board Committees

The principal Board committees are the Remuneration Committee, the Audit Committee, the Nominations Committee, the Business Integrity Committee and the Sustainability Committee. The Company Secretary acts as Secretary to each of these committees.

  • Remuneration Committee
    • Alison Horner, Chairman
    • Andrew Dougal
    • Ceri Powell
    • Keith Cochrane

    The Committee consists entirely of independent Non-Executive Directors and determines and makes recommendations on the Group's remuneration policy and framework to recruit, retain and reward Executive Directors and senior executives.

    Terms of Reference (PDF)
  • Audit Committee
    • Andrew Dougal, Chairman
    • Alison Horner
    • Ceri Powell
    • Keith Cochrane

    The Audit Committee consists entirely of independent Non-Executive Directors. All members of the Audit Committee have recent and relevant financial experience. Appointments to the Committee are made by the Board.

    Terms of Reference (PDF)
  • Nominations Committee
    • Philip Green CBE, Chairman
    • Andrew Dougal
    • Alison Horner
    • Richard Howson
    • Ceri Powell
    • Keith Cochrane

    The Committee reviews the Board structure, size, composition, balance of skills, knowledge and experience of the Board and makes recommendations to the Board with regard to any changes that are deemed desirable. The Committee also reviews succession planning to ensure that processes and plans are in place with regard to both Board and senior appointments.

    Terms of Reference (PDF)
  • Business Integrity Committee
    • Philip Green CBE, Chairman
    • Andrew Dougal
    • Alison Horner
    • Ceri Powell
    • Keith Cochrane

    The Committee reviews and oversees the implementation of the Group's Ethics and Business Integrity Policy and monitors the Group's compliance with relevant legislation such as the Bribery Act 2010 and the Competition Act 2006.

    Terms of Reference (PDF)
  • Sustainability Committee
    • Ceri Powell, Chairman
    • Philip Green CBE
    • Andrew Dougal
    • Alison Horner
    • Keith Cochrane
    • Richard Howson

    The Committee reviews and oversees the implementation of the Group's Sustainability strategy, values and policies.

    Terms of Reference (PDF)
  • Audit Independence

    The Audit Committee consists entirely of independent Non-Executive Directors:

    • Andrew Dougal, Chairman
    • Alison Horner
    • Ceri Powell
    • Keith Cochrane

    Appointments to the Committee are made by the Board.

    The Audit Committee has in attendance at meetings, by invitation of the Committee, Executive Directors, representatives of the external auditors, (KPMG Audit Plc), the Group Head of Risk and the Head of Internal Audit. It is also able to invite others as it requires from time to time. The Committee also meets privately with both the external and internal auditors.

    The responsibilities of the Audit Committee include:

    • - the review of the annual and interim financial statements;
    • - consideration of the impact of changes to accounting regulations and the financial and accounting policies of the Carillion Group;
    • - compliance with statutory and other external requirements;
    • - reviewing the role of the internal audit function and the results of its audit work and the response of management;
    • - reviewing the scope and results of the external audit and its cost-effectiveness;
    • - ensuring that the internal and external audit functions are complementary;
    • - monitoring the independence and objectivity of the external auditor and ensuring that the services provided (including non-audit services) provide a proper balance between objectivity and value for money;
    • - recommending to the Board the external auditor to be proposed to shareholders for appointment.

    The Committee is authorised by the Board to (i) seek any necessary information to fulfil its duties (ii) call any member of staff to be questioned at a meeting of the Committee as and when required and (iii) obtain external professional advice, at the Company's expense, which might be necessary for the fulfilment of its duties.

    The members of the Committee receive fees as Non-Executive Directors which also reflect their membership of the Audit Committee and other Board Committees. The chairman of the Audit Committee receives and additional fee for this role. The Audit Committee and Board place great emphasis on the objectivity of the Group's auditor, KPMG Audit plc, in their reporting to shareholders.

    The KPMG audit director and manager is present at Audit Committee meetings to ensure full communication of matters relating to the audit.

    The overall performance of the auditor is reviewed annually by the Audit Committee, taking into account the views of management, and feedback is provided to senior members of KPMG unrelated to the audit. This activity also forms part of KPMG's own system of quality control. The Audit Committee also has discussions with the auditor, without management being present, on the adequacy of controls and on any judgmental areas. These discussions have proved satisfactory to date. The scope of the forthcoming year's audit is discussed in advance by the Audit Committee.

    Audit fees are reviewed by the Audit Committee after discussions between the businesses and the local KPMG offices and are then referred to the Board for approval. Rotation of audit director's responsibilities within KPMG is required by their profession's ethical standards. The current audit director responsible for the Carillion engagement is in his second year of signing the report. There is also rotation of key members within the audit team.

    Assignments awarded to KPMG and its associates have been and are subject to controls by management that have been agreed by the Audit Committee so that audit independence is not compromised.

    In summary, the procedures are:

    Audit related services: as auditor this is the main area of work of KPMG and its associates. If any additional accounting support is required then this is considered competitively;

    Tax consulting: in cases where they are best suited, Carillion uses KPMG and its associates but the Group also uses other tax consultancies. Significant pieces of tax work are evaluated competitively;

    General and systems consulting: all significant consulting projects are subject to competitive tender.

    Other than audit, the Group Finance Director is required to give prior approval of work carried out by KPMG and its associates in excess of a predetermined threshold; part of this review is to determine that other potential providers of the services have been adequately considered.

    These controls provide the Audit Committee with adequate confidence in the independence of KPMG in their reporting on the audit of the Group.

  • Risk Management

    Carillion has rigorous operational risk management policies and processes to identify, mitigate and manage strategic Group-wide risks and risks specific to our individual business units and contracts, including economic, social, environmental and ethical risks.

    Carillion has a Group Head of Risk who is responsible for:

    - Advising on strategic risks affecting the Group

    - Conducting independent risk appraisals of all projects prior to them being submitted to the Major Projects Committee, which is a Committee of the Board with delegated authority to sanction major commitments and transactions, including capital expenditure, major contracts and business acquisitions and disposals, up to specified levels of risk, beyond which they are referred to the Board

    - Overseeing risk training across the Group.

    Our risk management processes are applied to every aspect of our operations, from choosing the geographies in which we operate, our market sectors and the contracts for which we bid, to the selection of our customers, partners and suppliers. We also apply them to every stage of a contract, from its inception to completion, in order to deliver value-for-money services for our customers and the cash-backed profit we expect.

    The Board regularly reviews the risks facing the Group to ensure they are up to date and the appropriate measures are in place to mitigate and manage them.

  • Remuneration

    Carillion's remuneration policy is to provide the Executive Directors with appropriate incentives to encourage enhanced performance in a manner consistent with the Group's objectives and to reward them in a fair and responsible manner for their individual contributions to the success of the Group.

    Carillion's remuneration philosophy is that reward should be used to incentivise Executive Directors in a manner that is consistent with the Group's objectives.

    The package has been designed based on the following key principles:

    Focus: To attract, develop and retain excellent people

    Policy: To reward all employees fairly according to their role, experience and performance and with due regard to actual and expected market conditions and the financial performance of the Group.

    Focus: Alignment with interests of shareholders

    Policy: A substantial proportion of the package for the Executive Directors is delivered in the Company's shares to ensure that the interests of executives are aligned with shareholders. This is further supported by shareholding guidelines ensuring that a meaningful portion of each Executive Directors' personal wealth is linked to the share price performance.

    Focus: Pay for performance

    Policy: A substantial proportion of Executive Director remuneration is variable, linked to the Group's performance, in particular, to the delivery of sustained profitable growth and to the performance of the individual.

    Focus: Be a recognised leader in Health & Safety and sustainability

    Policy: To ensure that remuneration arrangements support our sustainability agenda, the quality of performance in terms of business results and leadership is considered, including achieving high standards in respect of Carillion's Health & Safety, environmental and social performance targets.

    This is further supported by the introduction of strategic objectives into the LEAP from 2014 which include specific and quantifiable sustainability metrics.

Financial Calendar

View our upcoming events and key dates.

Reports and Presentations

Download our latest Annual Report, and access our archive of previous reports and presentations.

Stock Exchange Announcements

Our latest announcements on the Stock Exchange.

Shareholder Services

Information and resources for our Shareholders.

  • Share price
  • AGM
  • Dividend Information

    Dividends are normally paid twice a year. We also offer a dividend reinvestment plan (DRIP).

    For those shareholders who prefer not to participate in the DRIP, arrangements can be made to pay your dividends automatically into your bank or building society account.

    This service has a number of benefits:

    - There is no chance of the dividend cheque going missing in the post

    - The dividend payment is received more quickly as the cash is paid directly into your account on the payment date without the need to wait for the cheque to clear; and

    - You will help Carillion to improve its efficiency by reducing printing and cheque clearing costs.

    If you wish to register for this service please call Equiniti to request a dividend mandate form.


    Aspect House


    West Sussex

    BN99 6DA

    Telephone: 0371 384 2522

    Textphone for shareholders with hearing difficulties: 0371 384 2255

    Non-UK callers should dial: +44(0) 121 415 7047.

    Lines are open 8.00am to 5.30pm, Monday to Friday.

    Dividend Dates

    2015 Final Dividend Ex div date

    12th May 2016

    2015 Final Dividend Record date

    13th May 2016

    2015 Final Dividend Payment date

    10th June 2016

    2016 Interim Dividend Ex div date

    1st September 2016

    2016 Interim Dividend Record date

    2nd September 2016

    2016 Interim Dividend Payment date

    2nd November 2016.

  • Warning to Shareholders

    Carillion is aware that shareholders have received unsolicited telephone calls from fraudulent organisations offering to buy Carillion plc shares at a substantial premium to the prevailing market price.

    These calls are usually from overseas organisations targeting UK shareholders. These operations are commonly known as 'boiler room scams' and the 'brokers' who call shareholders can be extremely persuasive and persistent.

    Boiler room scams usually come out of the blue, with most fraudsters cold-calling investors after taking their details from publicly available shareholder lists, but the high-pressure sales tactics can also come by other means such as email or post.

    The scam is designed to sound attractive, but typically at some point in the process the perpetrator usually asks for money in advance of concluding the main transaction, for example by way of a pre-payment or vendor bond. The transaction is never concluded, and the shareholder loses the money.

    If you receive an unsolicited investment approach you should:

    - confirm the correct names of the person calling and the organisation they represent;

    - check that they are an authorised firm with the Financial Services Authority (FSA) by calling 0845 606 1234 or by visiting and contact the firm using the details on the register;

    - report the matter to the FSA by calling 0845 606 1234 or by visiting;

    - if the calls persist, hang up.

    Please be aware that fraudsters will often use the name of a legitimate organisation or organisations, sometimes in combination with others so that the organisation may sound familiar to you. They may have also created a scam website, so simply checking that an organisation appears to have a presence on the web is not a guarantee that you are dealing with a legitimate organisation.

    If you deal with an unauthorised firm, you will not be eligible to receive payment under the Financial Services Compensation Scheme.

  • Company Advisors


    KPMG Audit Plc

    One Snowhill

    Snow Hill Queensway


    B4 6GH


    National Westminster Bank plc

    16 South Parade


    NG1 2JX

    Joint Brokers:

    Morgan Stanley

    25 Cabot Square

    Canary Wharf


    E14 5QA

    Oriel Securities

    150 Cheapside


    EC2V 6ET

    Financial Adviser:


    50 Stratton Street


    W1J 8LL

    Legal Adviser:

    Slaughter and May

    One Bunhill Row


    EC1Y 8YY.

  • Guaranteed Convertible Bonds due 2019


    Pursuant to the terms and conditions of the Bonds (the “Conditions”), as set out in the Trust Deed dated 19 December 2014 between the Issuer, the Guarantor and BNP Paribas Trust Corporation UK Limited and constituting the Bonds, notice is hereby given to Bondholders that in connection with the Dividend of 12.55p payable on 10 June 2016, to shareholders of record on 13 May 2016, the Calculation Agent has determined that the Exchange Price of the Bonds will be adjusted from £3.8552 per Ordinary Share to £3.7738 per Ordinary Share, and the Threshold Amount will be adjusted from 6.67 pence per Ordinary Share to 6.53 pence per Ordinary Share with effect from 12 May 2016.

    Words and expressions defined in the Conditions shall have the same meaning when used in this notice.

    For further information please contact:

    John Denning, Group Corporate Affairs Director Tel: +44 (0) 1902 906765

    R.J. Adam

    Group Finance Director.

  • Shareholder Enquiries

    Equiniti maintain the share register of the Company. If you have any queries concerning your shareholding, or if any of your details change, please contact Equiniti:


    Aspect House


    West Sussex

    BN99 6DA

    Telephone: 0371 384 2522*

    Textphone for shareholders with hearing difficulties: 0371 384 2255

    Non-UK callers should dial +44(0) 121 415 7047

    Lines are open 8.00am to 5.30pm, Monday to Friday.

    * Calls cost eight pence per minute plus network extras.

    Share Dealing Servive

    Carillion offers its UK shareholders, Shareview Dealing, a telephone and internet share dealing service operated by Equiniti.

    For telephone purchases and sales call 0345 603 7037 between 8.00am and 4.30pm, Monday to Friday, or log on to

    For the sale of shares, you will need your shareholder reference number as shown on your share certificate.

  • Investor FAQs

    What is Carillion's registered office and company number?

    Our registered office address is Carillion House, 84 Salop Street, Wolverhampton, WV3 0SR. Our company number is 3782379.

    How can I obtain a copy of the latest Annual Report?

    You can download this from our Reports & Presentations page, or for a hard copy, contact Group Secretariat on 01902 422431.

    Who are the Company's registrars?


    What number of Carillion plc shares are in issue?

    There are currently 430,254,629 shares in issue.

    What are the voting rights attached to Carillion plc shares?

    Carillion has one class of share (ordinary shares), with one vote for every share.

    When is Carillion's financial year end?

    31 December.

    Is there a share dealing service for shares in Carillion?

    Yes - by telephone on 0845 603 7037 or visit

    What do I need to do if I change my name or address?

    Contact Equiniti on 0871 384 2522.

    How do I report the death of a registered holder?

    Contact Equiniti on 0871 384 2522.

    How do I transfer my shares to a friend or relation?

    Contact Equiniti on 0871 384 2522.

    How can I replace my lost or stolen share certificate?

    Contact Equiniti on 0871 384 2522.

    Which stock exchange is Carillion listed on?

    The London Stock Exchange.

    What is the stock exchange symbol for Carillion?


  • Frequently Requested Shareholder Forms