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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Tp Group Plc | LSE:TPG | London | Ordinary Share | GB0030591514 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 2.20 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMTPG
RNS Number : 2690B
TP Group PLC
03 April 2017
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.
3 April 2017
TP Group plc
("TP Group" or the "Company" or the "Group")
Confirmation of contract award
TP Group (AIM: TPG), the specialist services and engineering group, announces that TPG Maritime has been awarded a contract by the Ministry of Defence ('MoD'), following successful negotiations first announced on 4 July 2016. This agreement will see TPG Maritime manage equipment availability and spares provision for air purification systems on board Royal Navy submarines currently in service.
The 5 year contract has an option for a further 2 year extension and is estimated by the Company and the MoD to be worth at least GBP22m (at 2017 prices) over 7 years, although the final value is dependent on, inter alia, spares usage.
Phil Cartmell, Chief Executive Officer of TP Group, commented:
"We are delighted to confirm this significant contract which will see TPG continue to support advanced, safety-critical systems in the Royal Navy's submarine programme. This recognition re-enforces our long-term partnership with the Ministry of Defence and provides visibility of future work and revenue in Portsmouth."
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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(END) Dow Jones Newswires
April 03, 2017 02:00 ET (06:00 GMT)
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