Share Name Share Symbol Market Type Share ISIN Share Description
EU Supply LSE:EUSP London Ordinary Share GB00BFG35570 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 10.70p 10.00p 11.40p 10.70p 10.70p 10.70p 0 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 4.7 -0.2 -0.2 - 7.67

EU Supply PLC Contract win

29/06/2018 1:54pm

RNS Non-Regulatory


TIDMEUSP

EU Supply PLC

29 June 2018

RNS Reach

29 June 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 its fifth contract pursuant to the framework agreement entered into with an existing customer (the "Customer") for additional services to its CTM(TM) platform announced by the Company on 16 June 2017 (the "Agreement").

This contract comprises certain customer-paid enhancements, which are expected to generate revenues of approximately EUR70k during the remainder of this year.

Discussions are continuing with the Customer on further specific call-off orders for additional services to be delivered in 2018.

FURTHER ENQUIRIES

 
    EU Supply PLC               Tel: 020 7127 4545 
     Thomas Beergrehn, CEO 
     Fredrik Wallmark, CFO 
 
     Stockdale Securities        Tel: 020 7601 6100 
     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.

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 rns@lseg.com or visit www.rns.com.

END

NRALKLFLVQFEBBL

(END) Dow Jones Newswires

June 29, 2018 08:54 ET (12:54 GMT)

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