EU Supply PLC Contract Wins

TIDMEUSP

EU Supply PLC

28 June 2018

RNS Reach

28 June 2018

EU Supply plc

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

Contract Wins

EU Supply (LSE AIM: EUSP), the e-procurement software provider, is pleased to announce that the Group's strong position in Denmark continues to be consolidated, with the Company having recently been awarded contracts within the Government sector, in particular from the Ministry of Foreign Affairs, Ministry of Education (both 4 year contracts) and the Danish Maritime Authority (a 2 year contract with an additional option for 2 further years). All contracts are for delivery of CTM(TM) as SaaS and related services.

The Group is also pleased to announce that a continued high contract retention rate is being maintained in Denmark, including a recent renewal of a 3-year contract with a leading Danish energy company for a contract value of a minimum of GBP40k over the contract period.

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 e-sourcing, 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. On 25 May 2018, the Company announced that it had raised a further GBP600k (before expenses) through a placing and subscription of new shares.

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June 28, 2018 02:01 ET (06:01 GMT)