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Hydrogen Group Inks Deal Extension With Unnamed FTSE 100 Bank

Tue, 12th Mar 2019 12:03

LONDON (Alliance News) - Hydrogen Group PLC on Tuesday said it signed a five-year contract extension to act as a supplier of change management staff to an unnamed FTSE 100-listed retail bank.

The supply will now be through a third-party vendor appointed by the bank in order to to streamline its processes, Hydrogen Group said.

Hydrogen has been already providing these services to the bank for 10 years.

Chief Executive Officer Ian Temple said: "We are delighted to have extended supplying our largest client, which demonstrates both the strength of our relationships and our ability to deliver high-quality solutions. The contract renewal supports the continued trading momentum within the business."

Hydrogen Group shares were trading down 0.5% at 68.14 pence each on Tuesday.

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