CIU.L Regulatory News (CIU)

16 Oct 2007 14:54

Cape PLC16 October 2007 Cape PLC ("Cape" or the "Company") Contract award Cape PLC (AIM:CIU), the international provider of essential support services tothe energy sector, is pleased to announce that its recently acquired subsidiary,TCC Limited ("TCC"), has been awarded the renewal of a significant contract byBHP Billiton to perform a full range of fabric maintenance services on theWorsley Alumina site in Western Australia. The contract, which is worth approx A$30 million over three years, comprises therenewal of the existing contract for specialist coatings and insulation but hasalso been extended to include the provision of scaffolding services, displacingPCH as the incumbent contractor. The contract will be serviced from TCC's facility in Kwinana, Western Australia. Martin May, Cape's Chief Executive, said: "We are delighted to have been awarded this contract by BHP Billiton to work on one of their major assets and look forward to further developing our relationship as our expansion of bundled support services in the Australian market continues to grow." ENDS For further information, please contact:Cape PLCMartin May, Chief Executive +44 (0)1924 876 276 Bell Pottinger Corporate & FinancialNick Lambert +44 (0)20 7861 3232 / +44 (0)7811 358 764 Notes to editors * Cape PLC is the parent company of a number of service providing organizations operating primarily in the oil and gas, petrochemical and power generation industries * In the year to 31 December 2006, Cape reported turnover of £295.5 million * Cape currently employs c. 10,000 people in 23 countries worldwide * Cape specialises in the provision of scaffolding, insulation, fire protection, specialist cleaning and other essential services to major industrial clients in the energy sector * Cape's ability to provide specialist cleaning services was enhanced by the acquisition of DBI Group Limited in October 2006 * On 23 April 2007, Cape's shareholders approved the placing of 26,923,077 ordinary shares at £2.60 per share to raise £70 million (before expenses) * On 6 June 2007, Cape acquired Total Rope Access International Limited * On 22 June 2007, Cape acquired Endecon Limited * On 31 August 2007 Cape acquired the Total Corrosion Control group of companies based in Australia * On 12 September 2007, Cape announced a recommended offer for Concept Hire Limited, a company listed on the Australian Stock Exchange * On 13 September 2007, Cape announced an offer for PCH Group Limited This information is provided by RNS The company news service from the London Stock Exchange