Medserv plc - Trading update

On 16 September, Medserv plc announced that as from next Monday 19 September, the Company’s base in Malta will revert back to a 5-day week with a full complement of staff. Medserv had resorted to a 4-day week during the war in Libya.

Medserv announced that it is now experiencing renewed demand for its services following a more optimistic outlook expressed by its customers. However Medserv confirmed that resumption of full production in the Libyan oilfields (both onshore and offshore) will take time as this will require a very substantial effort by oil companies to restore the facilities to safe working conditions.