EU Supply PLC Contract Win

TIDMEUSP

EU Supply PLC

14 May 2018

RNS Reach

14 May 2018

EU Supply plc

("EU Supply", the "Company" or the "Group")

Contract Win

EU Supply (LSE AIM: EUSP), the e-procurement software provider, is pleased to announce that it has signed a contract with Kommunal Agentur NRW, a German central purchasing body supporting 398 local authorities in the German State of Nordrhein-Westfalen. The contract is for delivery of CTM(TM) as SaaS and related services.

Henrik Dige Christensen, EU Supply's Country Manager in Denmark and Germany commented: "I am pleased that our recent sales push in Germany has already generated a new customer and continues to produce interesting leads. The initial value of this contract is relatively small, but there is potential for further growth."

FURTHER ENQUIRIES

 
    EU Supply PLC               Tel: [phone] 
     Thomas Beergrehn, CEO 
     Fredrik Wallmark, CFO 
 
     Stockdale Securities        Tel: [phone] 
     Tom Griffiths, Ed Thomas 
 

A copy of this announcement is available at www.eu-supply.com.

Notes to Editors

EU Supply is the UK holding company of the EU Supply Group, a Sweden-based e-commerce business, which has an established, market-leading, multilingual e-procurement platform for esourcing, e-tendering and contract management, tailored for the highly regulated European public sector market.

Since 2006, the Group has invested heavily in employing specialist programmers to add functionality, legal compliance as required and security features to its Complete Tender Management(TM) ("CTM(TM)") platform to ensure that the Group is ideally placed to secure new contracts with EU Member States and their Contracting Authorities. The platform is available in 16 different languages.

The Directors believe that the Group's CTM(TM) platform is one of the easiest to use and most functionally advanced solutions available in the market. The CTM(TM) platform is used by over 8,000 European public sector bodies in 9 EU/EEC Member States and has National Procurement System status in four Member States (the UK, Ireland, Norway and Lithuania).

The Company's shares were admitted to trading on AIM in November 2013. In August and September 2015, the Company raised a total of GBP2.061m (before expenses) through a placing of new shares and the issue of first and second tranches of Convertible Loan Notes to institutional and other investors.

This information is provided by RNS

The company news service from the London Stock Exchange

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May 14, 2018 02:00 ET (06:00 GMT)