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11 Jun 2013 07:00
For release | 07:00 | Date: 11 June 2013
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The TEG GROUP PLC (TEG/L)
("TEG" or "the Company")
Re: New Contract
TEG Awarded a Contract
by Nottingham City Council
The TEG Group Plc (AIM: TEG) is pleased to announce that its subsidiary TEG Environmental Limited has been awarded a contract by Nottingham City Council for green waste composting at its Simpro Oxton site. The contract will commence in June 2013 and is for a 3-year term with a further 2 years extension option. The volume of green waste is expected to be 12-15,000 tonnes per annum and the overall revenues will be in the region of £1.0-1.3m over the initial period of the contract.
Commenting for TEG, Chief Executive Mick Fishwick said: "We are delighted to have been awarded this contract which will further strengthen our relationship with Nottingham City Council."
ENDS
Contact:
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The TEG Group Plc | Tel: 01772 644980 |
Michael Fishwick, Chief Executive | www.theteggroup.plc.uk |
N+1 Singer Advisory LLP (Nomad & Broker) |
Tel: 0207 496 3000 |
Andrew Craig/Ben Wright |
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Peckwater PR |
Tel: 07879 458 364 |
Tarquin Edwards | tarquin.edwards@peckwaterpr.co.uk |
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