Morgan Sindall Group PLC Morgan Sindall contract extension worth up to £60m

TIDMMGNS

Morgan Sindall Group PLC

20 June 2017

20 June 2017

Morgan Sindall Group plc

('the Group')

Morgan Sindall awarded two-year contract extension worth a potential GBP60 million

Morgan Sindall Group plc, the construction and regeneration group, is pleased to announce that its Construction & Infrastructure division has been awarded a two-year extension to its three-year Framework Agreement with Western Power Distribution to deliver excavation, cable laying and reinstatement works in the West Midlands region.

Morgan Sindall was originally appointed to the Framework, with an estimated annual value of GBP30+ million, in November 2014. The extension, which is worth up to a further GBP60m, will run until October 2019 and will enable Western Power Distribution to maintain and enhance its electricity network.

Morgan Sindall will deliver planned and reactive works on Western Power Distribution's 11kV to 33kV distribution networks throughout the West Midlands region, which includes Stoke-on-Trent, Telford, Tipton, Birmingham, Hereford and Ludlow, Worcester and Gloucester.

John Morgan, Chief Executive of Morgan Sindall Group plc, commented:

"We are very pleased to have been awarded this contract extension, which we believe reflects the close and productive working relationships we have with Western Power Distribution, and the quality of the work we do. It also reflects the range of skills and capabilities we have in our Construction & Infrastructure division and its strong position for the future."

ENDS

Enquiries:

 
 Morgan Sindall 
  Group plc             020 7307 9200 
 John Morgan, Chief 
  Executive 
 Steve Crummett, 
  Finance Director 
 
 Instinctif Partners 
  (Financial PR)        020 7457 2020 
 Matthew Smallwood      07831 379 122 
 Helen Tarbet           07825 609 737 
  Rosie Driscoll         07891 564 641 
 

Notes to Editors:

Morgan Sindall Group plc

Morgan Sindall Group plc is a leading UK construction and regeneration group with revenue of cGBP2.6 billion and which operates through six divisions of Construction & Infrastructure, Fit Out, Property Services, Partnership Housing, Urban Regeneration and Investments.

Its Infrastructure division specialises in the design and delivery of technically demanding infrastructure, offering a diverse civil engineering capability including tunnelling, utilities, building, civil engineering and mechanical and electrical services to customers across the market sectors of nuclear, energy, highways, aviation, rail and water.

This information is provided by RNS

The company news service from the London Stock Exchange

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June 20, 2017 02:00 ET (06:00 GMT)