TP Group PLC Contract Award (8121M)
May 02 2018 - 1:00AM
UK Regulatory
TIDMTPG
RNS Number : 8121M
TP Group PLC
02 May 2018
2 May 2018
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulation (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
TP Group plc
("TP Group" or the "Company" or the "Group")
Second Call-off approximately GBP12.5m from Defence Framework
Contract
TP Group (AIM: TPG), the specialist services and engineering
group, is pleased to announce the award of a second call-off by the
Ministry of Defence ("MoD") under the framework contract for
Combined Oxygen Generating Systems ("COGS"), first announced on 11
April 2017.
This call off, worth c. GBP12.5m, is for a number of COGS units
and additional ancillary items for in-service Royal Navy
submarines. With this call-off, all options under this framework
have now been taken up. The systems will be manufactured by TPG
Engineering and are expected to be fully delivered by 2026.
Phil Cartmell, Chief Executive Officer of TP Group,
commented:
"We are delighted to confirm the next step on this long-term
agreement which demonstrates the strength of our support to the
MoD's submarine programmes and provides further visibility of
revenues in the Engineering business unit."
For further information, please contact:
TP Group plc Tel: 01753 285 810
Phil Cartmell, Chief Executive
Officer
Derren Stroud, Chief Financial
Officer
www.tpgroup.uk.com
Cenkos Tel: 020 7397 8980
Mark Connelly / Callum Davidson
www.cenkos.com
Vigo Communications Tel: 020 7830 9700
Jeremy Garcia / Fiona Henson
www.vigocomms.com
Notes to Editors
TP Group designs and develops advanced technologies, engineers
complex equipment and systems, and provides support throughout
their operational life. The Company's shares have been traded on
AIM since July 2001.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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