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  2. Share Prices
  3. Tekmar Group Share Price
  4. Tekmar Group Share News
  5. IN BRIEF: Tekmar jumps on GBP3.5 million contract win

Pin to quick picksTekmar Group Share News (TGP)

Tekmar Group Information

Share Price Information for Tekmar Group (TGP)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 9.25
Bid: 9.00
Ask: 9.50
Change: -0.25 (-2.70%)
Spread: 0.50 (5.556%)
Open: 9.25
High: 9.00
Low: 8.80
Prev. Close: 9.25
TGP Live PriceLast checked at -

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IN BRIEF: Tekmar jumps on GBP3.5 million contract win

Thu, 04th Jan 2024 10:34

Tekmar Group PLC - Darlington, England-based provider of technology and services for global offshore energy markets - Wins contract for the design and supply of its flagship Generation 10 cable protection system and associated ancillaries in an "emerging region for offshore wind farm development." The contract covers the first phase of the development, with the contract value for this initial phase over GBP3.5 million. Production of the CPS systems is expected to commence in 2024 for delivery in 2025.

Chief Executive Alasdair Macdonald says: "This contract helps consolidate our position in a growing and important region for offshore wind and highlights the strength of our established engineering capability in supporting deployment of our core technologies globally. It also reflects the strength of our working relationships with project developers and key supply chain partners, where we address customers' complex engineering requirements and optimise and de-risk projects."

Current stock price: 11.65 pence, up 14% in London on Thursday

12-month change: down 15%

By Sophie Rose, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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Tekmar awarded 'significant' new US offshore wind contract

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25 May 2022 11:56

IN BRIEF: Tekmar shares rise on new US offshore wind farm contract

Tekmar Group PLC - Darlington-based offshore energy industry services provider - Wins a deal to provide an integrated engineering solution for an offshore wind farm in the US in 2023. The contract with an undisclosed sum "strengthens our position in the US offshore wind market and represents an important milestone in expanding our geographical presence, a key driver of our growth strategy," explains Chief Executive Officer Alasdair MacDonald. The contract highlights the firm's "range of in-house engineering capabilities to address complex engineering challenges and de-risk cable protection projects," he adds.

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Tekmar Group PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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IN BRIEF: Tekmar gets 15% take-up of open offer after share placing

Tekmar Group PLC - Darlington-based offshore energy industry services - Open offer of shares raises GBP149,796, as shareholders apply to buy 332,881 new shares at 45 pence each. That was just under 15% of the shares on offer. The open offer was in addition to a share placing that raised GBP4.0 million at the same price, and shareholders on Wednesday voted to approve the full equity issue. "The proceeds will be used to help support the delivery of our strategic plan as we transition the business to sustained profitable growth," says Chief Executive Officer Alasdair MacDonald.

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