Last checked at 10 Aug 2021 14:52
Certain information contained within this Announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 ("MAR") as applied in the United Kingdom. Upon publication of this Announcement, this information is now considered to be in the public domain.
10 August 2021
RTC Group Plc
("RTC", "the Company" or "the Group")
Award of Network Rail Frontline Labour Contract
RTC is pleased to announce a major contract award for its subsidiary, Ganymede Solutions Limited ("Ganymede") confirming its continuation as a long-term key strategic supply partner to Network Rail Infrastructure Limited ("Network Rail"). Ganymede will enter into a contract (the "Contract") with Network Rail to provide frontline labour services including the supply of safety critical, track, civil, electrification and plant and signalling resources nationally.
The Contract will run from the 1st October 2021 for a minimum period of 5 years, up to a maximum period of 8 years and has an estimated order book value of between £100m and £150m over the term. This contract award confirms Ganymede's position as one of the UK's leading suppliers of frontline labour to the rail industry.
Commenting on the award, RTC Chief Executive Andy Pendlebury said:
"This award is yet another resounding endorsement of the professional service that Ganymede continues to deliver to its long-term partner, Network Rail. It also vindicates the Group's long-term strategic commitment of investing alongside blue-chip clients supporting the UK transportation and wider infrastructure sector.
Ganymede has established itself as one of the UK's most respected frontline labour suppliers and this new long-term partnership with Network Rail both underpins this and provides a further fundamental pillar for the Group's growth plans.
The Board is extremely proud of the Ganymede team's achievement and performance over the last 6 years, which has culminated in this outstanding further contract award which underpins Management's current expectations of trading."
RTC Group Plc | Tel: 0133 286 1842 |
Bill Douie, Chairman | |
Andy Pendlebury, Chief Executive | |
SPARK Advisory Partners Limited (Nominated Adviser) Matt Davis / Mark Brady www.Sparkadvisorypartners.com
| Tel: 0203 368 3550 |
Panmure Gordon (Broker) Nick Lovering www.panmure.com
| Tel: 020 7886 2500 |
About RTCRTC Group Plc is an AIM listed recruitment business that focuses on white and blue-collar recruitment, providing temporary and permanent labour to a broad range of industries and customers in both domestic and international markets through its geographically defined operating divisions.
UK divisionThrough its Ganymede and ATA Recruitment brands the Group provides a wide range of recruitment services in the UK.
Ganymede specialise in recruiting the best technical and engineering talent and providing complete workforce solutions to help build and maintain infrastructure and transportation for a wide range of UK clients. Ganymede is a market leader in providing a diverse range of people solutions to the rail, energy, construction, highways, and transportation sectors. With offices strategically located across the country, Ganymede provides its clients with the benefit of a national network of skilled personnel combined with local expertise.
ATA Recruitment provide high-quality technical recruitment solutions to the manufacturing, engineering, and technology sectors. Working as an engineering recruitment partner supporting businesses across the UK. ATA Recruitment has a strong track record of attracting and recruiting the best engineering talent for our clients. ATA's regional offices which are strategically located in Leicester and Leeds each have dedicated market-experts to ensure ATA delivers excellence to both our clients and candidates.
The Group headquarters are located at the Derby Conference Centre which also provides office accommodation for its operating divisions in addition to generating rental and conferencing income from space not utilised by the Group.
International divisionThrough its GSS brand the Group works with customers across the globe that are focused on delivering projects in a variety of engineering sectors. GSS has a track record of delivery in some of the world's most hostile locations. Working closely with its customers GSS provides contract and permanent staffing solutions on an international basis, providing key personnel into new projects and supporting ongoing large-scale project staffing needs. GSS typically recruit across a range of disciplines and skills from operators and supervisors, through to senior management level.
www.rtcgroupplc.co.uk