4GLOBAL PLC 4GLOBAL secures GBP4M contract win (5671E)

TIDM4GBL

RNS Number : 5671E

4GLOBAL PLC

31 October 2022

31 October 2022

4GLOBAL PLC

("4GLOBAL" or the "Company")

4GLOBAL secures international expansion with GBP4M contract

4GLOBAL, a UK-based data, services and software company focused on major sporting events and the promotion and measurement of physical activity, is pleased to announce that it has been awarded a GBP4million project over 5 years with a major sporting infrastructure project for a city in the Middle East. Approximately GBP600k of the project is expected to be delivered and recognised in the current financial year and the project includes an opportunity for additional scope throughout the engagement.

4GLOBAL has been awarded this prestigious project to work alongside a major global consultancy and construction firm to help inform the design and build of critical sporting infrastructure that will be used to host and attract major sporting events, as well as to promote more active and healthy lifestyles for the citizens in the region.

Key to 4GLOBAL's role will be the application of the Company's extensive and unique knowledge on major events, active places and active people, as well as its data and technology to inform critical decisions and to drive the sustainability of the new infrastructure.

This project will enable 4GLOBAL to further strengthen its strategic global partnership which is generating significant sales pipeline opportunities in the region.

Eloy Mazon, 4GLOBAL's CEO, commented:

"This is a significant contract win for the Company, representing one of the largest initial wins in our history and providing valuable foundations to our plans over the next few years. We are delighted that we have been trusted to deliver on this project using our data, technology and knowhow for this sporting infrastructure project taking place in a city in the Middle East, which we see as a great opportunity to build relationships and work in the region post project.

"This project has given us an opportunity to continue our expansion in the Middle Eastern market through strategic partnerships which is key to our growth in the region.

"The international demand for our products and to partner with us (4GLOBAL) in projects is allowing us to accelerate our expansion into other international markets which is a key pillar of growth under our strategy."

For further information please contact:

 
 4GLOBAL                                             c/o IFC Advisory 
  Eloy Mazon (CEO) 
 
   Spark Advisory Partners - Nominated Adviser 
   Neil Baldwin                                        0203 368 3554 
 
   Oberon Capital - Broker 
   Michael Seabrook, Adam Pollock, Chris Crawford      0203 179 5300 
 
   IFC Advisory                                       0203 934 6630 
   Graham Herring / Zach Cohen                         07793 839 024 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

CNTFEFEEAEESEDS

(END) Dow Jones Newswires

October 31, 2022 03:00 ET (07:00 GMT)