Mountfield Group plc Award of contracts for £1m to MBG (0077A)
December 21 2017 - 1:00AM
UK Regulatory
TIDMMOGP
RNS Number : 0077A
Mountfield Group plc
21 December 2017
21 December 2017
Mountfield Group plc ("Group")
And its subsidiary Mountfield Building Group Limited ("MBG" and
"the Company")
Award of contracts for GBP1m to MBG
The Directors of Group are delighted to announce that MBG has
been awarded two new contracts with an initial aggregate value of
GBP1m, with the work on both to be undertaken primarily in
2018.
The first contract, which has been awarded by a major European
main contractor, is valued at GBP375k and is for the first phase of
the architectural fitting out to a large new data centre project in
Middlesex. The contract is expected to run with additional phases
throughout 2018 and could potentially bring the company further
contracts to the value of GBP1m.
The second contract is another project with the Company's long
standing UK telecoms provider and is for the upgrading of an
additional site with new mechanical and electrical services
together with associated architectural works. The project is
located in South London and is part of the client's ongoing upgrade
programme of key sites within its property portfolio. The contract
has a value of GBP635k and is to be completed within the first
quarter of 2018.
Graham Read, Managing Director of MBG said:
"We are very pleased to have been awarded these two contracts,
both of which add to our already substantial secured workload for
2018.
The data centre project is particularly exciting for us as the
Company built its reputation on such works and we can see further
long-term gains and future contracts from the client beyond the
completion of this project and into 2019.
The South London site is the fourth contract to be awarded by
our telecoms client as part of their property upgrading programme
and takes the value of contracts awarded to date in excess of
GBP3m. In addition we continue to tender for further projects that
will be awarded in the coming year."
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014
Mountfield Group plc 01268 561 516
Peter Jay, Chairman
Andy Collins, Chief Executive
Officer
Cairn Financial Advisers
LLP 020 7213 0880
Jo Turner / Tony Rawlinson
This information is provided by RNS
The company news service from the London Stock Exchange
END
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