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Contract Win

14 Dec 2017 07:00

RNS Number : 2986Z
TP Group PLC
14 December 2017
 

14 December 2017

 

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

 

TP Group plc

("TP Group", the "Company" or the "Group")

 

CONTRACT WIN

 

TP Group secures £6.9m defence contract

 

TP Group (AIM: TPG), the specialist services and engineering group, is pleased to announce that it has been awarded a £6.9m contract to supply equipment to a major UK defence contractor.

 

The contract, which commences immediately, is part of a critical long-term defence programme and is expected to be completed over the next two years by the Company's engineering team.

 

Phil Cartmell, Chief Executive Officer of TPG commented:

 

"We are delighted to continue our participation in such a critical, long-term programme within the UK defence sector. This contract will ease the delivery of the overall programme by aligning the skills and competences of our engineering businesses in Portsmouth and Manchester with our delivery partners.

 

"The scale and importance of such a contract also improves production visibility at our facilities, in addition to continuing the positive trading momentum currently being experienced across the Group."

 

For further information, please contact:

 

TP Group plc

Tel: 01753 285 810

Phil Cartmell, Chief Executive Officer

Derren Stroud, Chief Financial Officer

www.tpgroup.uk.com

Cenkos

Tel: 020 7397 8980

Mark Connelly / Callum Davidson

www.cenkos.com

Vigo Communications

Tel: 020 7830 9701

Jeremy Garcia / Fiona Henson / Emma Lord

www.vigocomms.com

 

 

Notes to Editors

 

TP Group designs and develops advanced technologies, engineers complex equipment and systems, and provides support throughout their operational life. The Company's shares have been traded on AIM since July 2001.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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