Waterman Group PLC Waterman Awarded Public Sector Contract Extension (6585A)

TIDMWTM

RNS Number : 6585A

Waterman Group PLC

28 March 2017

WATERMAN AWARDED PUBLIC SECTOR CONTRACT EXTENSION

Waterman Group plc ("Waterman" or "the Group"), the engineering and environmental consultancy, is pleased to announce confirmation of a two year extension to its existing partnership term contract with London Borough of Bexley until September 2019.

The appointment is an important part of the long-term regeneration framework of the Borough's growth strategy for its economic, environmental and social regeneration. It will involve the provision of traffic and transportation engineering services, civil engineering, highways and infrastructure, bridgeworks, drainage, principal designers and technical staff secondment.

Over the last twelve months, our team has successfully delivered the replacement of Bexley High Street Bridge, the second stage of Bexleyheath Town Centre Revitalisation on public realm design adjacent to the new Crossrail station at Abbey Wood.

The framework is anticipated to generate annual fees of about GBP1.7m to Waterman.

Nick Taylor, CEO of Waterman Group states, "We are extremely proud of our continued collaboration with London Borough of Bexley as it enters its 21(st) year. This is one of many prestigious frameworks in the Public sector which we look forward to developing further."

For information about Waterman's frameworks, please see the Interim Results Investor Presentation on our website, www.watermangroup.com/investors.

-ends-

Date: 28 March 2017

For further information please contact:

 
 Waterman Group                      Capital Access      N+1 Singer 
  plc                                 Group 
 Nick Taylor, Chief                  Scott Fulton        Sandy Fraser 
  Executive                           Jessica Bradford 
  Alex Steele, Chief 
  Finance Officer 
 020-7928-7888                       020-3763-3400       020-7496-3176 
 web: www.watermangroup.com 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

CNTZMGZFKNGGNZM

(END) Dow Jones Newswires

March 28, 2017 02:00 ET (06:00 GMT)