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Re Contract

12 Sep 2011 07:00

RNS Number : 0119O
TEG Group (The) PLC
12 September 2011
 
 

For release

07:00

Date: 12 September 2011

 

 

 

The TEG GROUP PLC (TEG/L)

("TEG" or "the Company")

 

Re: New Contract

 

TEG Enters into a Contract

with Waste Recycling Group

 

 

 

The TEG Group Plc (AIM: TEG) is pleased to announce that its subsidiary TEG Environmental Limited has entered into a contract with the Waste Recycling Group ("WRG") to process waste in TEG's current network of facilities. The contract will commence in the second half of 2012 and will expire in March 2015. The contract value will range from a minimum of £2.0 million up to £3.0 million depending upon the volume of waste delivered over the period. 

 

Commenting for TEG, Chief Executive Mick Fishwick said: "We are delighted to be working with WRG. The contract will further underpin our operations, will provide an additional new revenue stream and will pleasingly further cement our relationship with WRG".

 

 

 

ENDS

 

 

Contact:

 

 

The TEG Group Plc

Tel: 01772 644980

Michael Fishwick, Chief Executive

www.theteggroup.plc.uk

 

Ambrian Partners Limited

(Nomad & Broker)

 

Tel : 020 7634 4700

Andrew Craig / Ben Wright

 

 

Peckwater PR

 

Tel: 07879 458 364

Tarquin Edwards

tarquin.edwards@peckwaterpr.co.uk

 

 

 

 

 

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