Mountfield Group plc Substantial Contract Win for CAF (0058T)

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RNS Number : 0058T

Mountfield Group plc

09 October 2017

9 October 2017

Mountfield Group Plc (the "Group")

And its subsidiary Connaught Access Flooring Limited ("Connaught" or "CAF")

Substantial Contract Win for CAF

The Directors of the Group are pleased to announce that, further to the half-yearly report announced on 12 September 2017, Connaught has been awarded a significant contract to supply and install raised access flooring and associated products for a major City of London office development.

The contract has been awarded by a global construction and fit out company from which Connaught has previously won, and successfully delivered, a number of contracts. The Directors believe this contract is for one of the largest flooring installations planned in the current market in London.

The contract works (which are scheduled to commence in October 2017 and run for approximately 12 months) have an initial sales value of circa GBP4m including negotiated project variations to date.

Andy Collins, MD of CAF and Group CEO said that:

"Winning this contract is another major step in the development of Connaught. It underlines our status as one of the very few commercial flooring companies in the UK that major construction companies and developers will trust when choosing a specialist able to take on a complex project of this value and which has the proven ability to produce a very high quality product within a tight time schedule."

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

For further information, please contact:

 
 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

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October 09, 2017 02:00 ET (06:00 GMT)