EU Supply PLC Contract Wins and Extensions

TIDMEUSP

EU Supply PLC

01 November 2017

1 November 2017

EU Supply plc

("EU Supply" or the "Company" or the "Group")

Contract Wins and Extensions

EU Supply (LSE AIM: EUSP), the e-procurement software provider, is pleased to announce that it has signed two new contracts and extended two contracts in the rail and road sector.

Banedanmark, the Danish railroad authority, has declared its intention to award a contract to the Group, for delivery of CTM(TM) as SaaS and related services, of which a small part is expected to be delivered in 2017. A new smaller 4-year contract has also been signed for the Norwegian Railway Directorate.

Two other European rail and road authorities have extended their existing contracts with the Group, which were otherwise due to expire.

FURTHER ENQUIRIES

 
    EU Supply plc               Tel: [phone] 
     Thomas Beergrehn, CEO 
     Fredrik Wallmark, CFO 
 
     Stockdale Securities        Tel: [phone] 
     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.

This information is provided by RNS

The company news service from the London Stock Exchange

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November 01, 2017 03:00 ET (07:00 GMT)