Resources In Insurance Group PLC Contract Win (5643I)
July 04 2013 - 1:00AM
UK Regulatory
TIDMRIIG
RNS Number : 5643I
Resources In Insurance Group PLC
04 July 2013
4 July 2013
RESOURCES IN INSURANCE GROUP PLC
("RiIG", the "Group" or the "Company")
CONTRACT WIN
Contracts totalling GBP1.5m secured since 1 June 2013
Pursuant to the Group's 15 June 2013 Trading Update, the Board
of RiIG, a leading provider of claims management and consultancy
solutions to the UK insurance profession, is pleased to report on
its second contract win valued at circa GBP760,000 for the further
provision of PPI complaint handling services.
The contract is with the same leading global retail bank as the
contract announced in June and the combined value of the two
contracts now stands at GBP1.5m. The Company is expecting to
benefit from these contracts in the current month and for them to
generate significant revenues within the current financial year to
March 2014.
Additional proposals are being generated across all areas of
RiIG's business and the Board remains encouraged by the prospective
opportunities it is seeing both from existing and potential new
clients. The Group also continues to actively explore the creation
of relationships with other companies within the sector with
compatible services, with a view to collaborating on areas of
mutual interest. In this respect exploratory discussions are taking
place with a number of potential parties.
Commenting, Executive Chairman John French, said:
"We are delighted at this development not just as a piece of new
business, which is always welcome, but, as it is from an existing
client, it is also evidence of our ability to provide a first class
service resulting in repeat and on-going business. Today's news is
a positive turning point for the Group and indicative of the
prospects for a strong recovery in the performance of the business
in the current year."
For further information:
Resources in Insurance Group plc
John French, Executive Chairman
www.riig.co.uk
Nominated Adviser and Joint Broker +44 (0) 7836 722 482
Zeus Capital Limited
Ross Andrews / Andrew Jones +44 (0) 161 831 1512
Joint Broker
Peterhouse Corporate Finance Limited
Jon Levinson +44(0) 207 469 0935
Financial PR
Yellow Jersey PR Limited
Dominic Barretto/Anna Legge +44 (0)7768 537 739
This information is provided by RNS
The company news service from the London Stock Exchange
END
CNTNKNDKFBKDNOK
Resources In Insurance Group (LSE:RIIG)
Historical Stock Chart
From Apr 2024 to May 2024
Resources In Insurance Group (LSE:RIIG)
Historical Stock Chart
From May 2023 to May 2024
