12 Sep 2011 07:00
For release | 07:00 | Date: 12 September 2011
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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:
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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 |
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Peckwater PR |
Tel: 07879 458 364 |
Tarquin Edwards | tarquin.edwards@peckwaterpr.co.uk |
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TEG.L (TEG)