Fluid Leader Group Plc Appoints Metic Group Plc to Develop Factory and Warehouse Facilities in Sharjah
March 03 2009 - 4:00AM
Business Wire
Fluid Leader Group Plc (PLUS:FLGP) the oil and gas pipeline
connection, maintenance and repair company today announces that it
has agreed heads of terms to appoint Metic Group Plc (AIM:METC) the
architectural structure, glazing and building specialist to develop
a purpose built factory and warehouse for the company in the
Feezones in Sharjah.
Metic Group Plc will undertake and complete all works and
services to design and construct the development in the United Arab
Emirates for a total sum not to exceed �12.5 Million.
Within the next 60 days and upon execution of the building
contract, Fluid Leader will pay to Metic Group Plc the sum of �1.2
Million deposit to be satisfied by the allotment of new ordinary
shares in the Company at the bid price of on the day of the
execution of the building contract.
The Board of Fluid Leader is delighted to have appointed Metic
to develop the hub of its operations in the United Arab
Emirates.
Phillip Marley the Chairman of Metic Group Plc said "This
contract further expands our operations into the Middle East,
taking advantage of our highly skilled and qualified management
team which has extensive experience in the region".
ENDS
About Metic Group plc
Metic Group plc is a Dublin headquartered building systems and
products group. With primary operations in the UK and overseas,
Metic specifically focuses on the architectural structures, glazing
and building facade markets � sectors in which it is the leader in
Ireland and the UK. The Group was formed in 2008 and comprises
three premier brands in its chosen sectors: Melayway, Spacedecks
and Portal Glazing Systems.
Metic Group has ambitious growth plans in order to create a
leading European building systems and products group, with a
primary focus on architectural glass structures & buildings,
through the acquisition of a series of complementary, highly
skilled specialist businesses. Metic has assembled a highly skilled
and proven management team with extensive industry experience both
geographically and by industry sector, to deliver on its growth
objectives.
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