INTERTEK TESTING SERVICES LTD
6-K, 1999-02-03
TESTING LABORATORIES
Previous: PSW TECHNOLOGIES INC, SC 13G/A, 1999-02-03
Next: THIRD AVENUE TRUST, 24F-2NT, 1999-02-03



<PAGE>





                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                    FORM 6-K


                            REPORT OF FOREIGN ISSUER


                      PURSUANT TO RULE 13a-16 OR 15d-16 OF
                       THE SECURITIES EXCHANGE ACT OF 1934

                  Information furnished as at February 3, 1999







                        Intertek Testing Services Limited






                                  (REGISTRANT)


                                  25 Savile Row
                                 London, W1X 1AA
                                     England
                     (ADDRESS OF PRINCIPAL EXECUTIVE OFFICE)



(Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F)


                   Form 20-F/X/                 Form 40-F

(Indicate by check mark whether the registrant by furnishing the information
contained in this form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934)


                     Yes                            No /X/

                SCHEDULE OF INFORMATION CONTAINED IN THIS REPORT

    Press release dated February 3, 1999 regarding Recovery of Nigerian Debt

<PAGE>



                                   SIGNATURES



Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant certifies that it meets all of the requirements for filing on Form
6-K and has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorised.


INTERTEK TESTING SERVICES LIMITED
(Registrant)


By:
     -----------------------------
     Name:      William Spencer
     Title:     Director
     Date:      February 3, 1999



<PAGE>


                                   SIGNATURES



Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant certifies that it meets all of the requirements for filing on Form
6-K and has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorised.


INTERTEK TESTING SERVICES LIMITED
(Registrant)


By:  /S/  WILLIAM SPENCER
     --------------------
     Name:      William Spencer
     Title:     Director
     Date:      February 3, 1999




<PAGE>

                                     [LOGO]


                                  PRESS RELEASE

                            RECOVERY OF NIGERIAN DEBT


Subsequent to the announcement that ITS's Nigerian contracts will be terminated
on March 31, 1999 (see press release of January 12, 1999), ITS has capped the
debt arising from pre-shipment inspections by charging exporters directly prior
to the issue of certificates. These actions commenced in mid January 1999 and to
date have produced approximately L 824,000 of cash income.

On February 1, 1999, ITS received from the Government of Nigeria a payment of
L 4.3 million in respect of pre-shipment inspections carried out between
September 1997 and December 1997. This payment has reduced the debt owed to ITS
by the Government of Nigeria for pre-shipment inspections to approximately
L 21.6 million.

Discussions are continuing with representatives of the Nigerian Government
regarding payment of the remaining debt.


February 3, 1999




CONTACTS:

RICHARD NELSON                                       BILL SPENCER
CHAIRMAN & CHIEF EXECUTIVE                           FINANCE DIRECTOR
TEL: +44 171 396 3400                                TEL: +44 171 396 3400





© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission