Globaltrans S Share Price (GLTR)

lobaltrans announces a framework contract for the delivery of 5,000 railcars Globaltrans Investment PLC (the "Company" and together with its consolidated subsidiaries "Globaltrans" or the "Group"; LSE ticker GLTR) announces that it has signed a framework contract for the delivery of 5,000 gondola cars in 2012. The first 1,000 gondola cars under this contract will be delivered by the end of the first quarter 2012. The contract also allows for the purchase of up to a further 4,000 railcars subject to supplementary agreements. Separately, the Group has contracted for a further 250 gondola cars which will also be delivered by the end of the first quarter 2012. These contracts follow the announcement on 15 December 2011 that the Group had contracted for 1,500 gondola cars to be delivered by the end of February 2012. This means in aggregate, the Group has now contracted for a total 2,750 gondola cars. These contracts all form part of the recently announced CAPEX program to purchase up to 10,000 gondola cars by the end of 2012.

http://www.investegate.co.uk/Article.aspx?id=201112280700236554U