4GLOBAL PLC Contract Wins (7609Z)

TIDM4GBL

RNS Number : 7609Z

4GLOBAL PLC

16 January 2024

16 January 2024

4GLOBAL PLC

("4GLOBAL" or the "Company")

Contract Wins

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 two contracts in the Kingdom of Saudi Arabia ("KSA") resulting in a combined value of over GBP800,000, with the majority of the work scheduled for completion within the current financial year.

The initial award, with the client in KSA, has enlisted the services of 4GLOBAL to assess the value and operational viability of a number of sporting facilities in the area. This venture is aimed at securing public investment for the facilities, contributing to the expansion of sports participation in the region.

The second award is with a new partner within the region. 4GLOBAL is set to deliver a comprehensive solution offering valuable insights into the feasibility of investing in sports facilities and the potential return on investment. This solution aims to enhance the overall return on investment by enhancing aspects such as facilities, programmes and events.

Eloy Mazon, 4GLOBAL's CEO, commented:

"We are delighted to have been awarded the two additional contracts in KSA. This is a significant achievement and a testament to our commitment to excellence and our strong presence in this region. Securing these contracts underscores the robustness of our international expansion strategy and the value our existing and potential customers see in gaining access to our data (DataHub) and insight solutions that are critical to them to make the right decisions at the right time" The board is confident that we are trading in line with market expectations for the current financial year.

For further information please contact:

 
 4GLOBAL                                          c/o IFC Advisory 
  Eloy Mazon (CEO) 
 
   Spark Advisory Partners - Nominated Adviser 
   Neil Baldwin                                     0203 368 3554 
 
   Canaccord Genuity Limited - Broker 
   Bobbie Hilliam                                   020 7523 8000 
 
   IFC Advisory 
   Graham Herring / Zach Cohen                      0203 934 6630 
 

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January 16, 2024 02:00 ET (07:00 GMT)