EU Supply PLC Grant Award
July 03 2018 - 8:03AM
RNS Non-Regulatory
TIDMEUSP
EU Supply PLC
03 July 2018
RNS Reach
3 July 2018
EU Supply plc
("EU Supply", the "Company" or the "Group")
Grant Award
EU Supply (LSE AIM: EUSP), the e-procurement software provider,
is pleased to announce that it has been awarded a new grant from
the European Union for the development of certain additional
features to its CTM(TM) platform in order to meet anticipated new
inter-system requirements in the EU/EEC countries (the
"Grant").
The Grant is expected to be worth up to EUR240,000 and to be
received in late 2018 or early 2019.
FURTHER ENQUIRIES
EU Supply PLC Tel: 020 7127 4545
Thomas Beergrehn, CEO
Fredrik Wallmark, CFO
Stockdale Securities Tel: 020 7601 6100
Tom Griffiths, Ed Thomas
A copy of this announcement is available at
www.eu-supply.com.
Notes to Editors
EU Supply is the UK holding company of the EU Supply Group, a
Sweden-based e-commerce business, which has an established,
market-leading, multilingual e-procurement platform for e-sourcing,
e-tendering and contract management, tailored for the highly
regulated European public sector market.
Since 2006, the Group has invested heavily in employing
specialist programmers to add functionality, legal compliance as
required and security features to its Complete Tender
Management(TM) ("CTM(TM)") platform to ensure that the Group is
ideally placed to secure new contracts with EU Member States and
their Contracting Authorities. The platform is available in 16
different languages.
The Directors believe that the Group's CTM(TM) platform is one
of the easiest to use and most functionally advanced solutions
available in the market. The CTM(TM) platform is used by over 8,000
European public sector bodies in 9 EU/EEC Member States and has
National Procurement System status in four Member States (the UK,
Ireland, Norway and Lithuania).
The Company's shares were admitted to trading on AIM in November
2013. In August and September 2015, the Company raised a total of
GBP2.061m (before expenses) through a placing of new shares and the
issue of first and second tranches of Convertible Loan Notes to
institutional and other investors. On 25 May 2018, the Company
announced that it had raised a further GBP600k (before expenses)
through a placing and subscription of new shares.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
NRALLFIVDLIVIIT
(END) Dow Jones Newswires
July 03, 2018 09:03 ET (13:03 GMT)
Eu Supply (LSE:EUSP)
Historical Stock Chart
From Apr 2024 to May 2024
Eu Supply (LSE:EUSP)
Historical Stock Chart
From May 2023 to May 2024