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PEG Petards Group Plc

7.75
0.00 (0.00%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Petards Group Plc LSE:PEG London Ordinary Share GB00B4YL8F73 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 7.75 7.50 8.00 7.75 7.75 7.75 0.00 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Security Systems Service 10.87M 524k 0.0093 8.33 4.38M

Petards Group PLC Contract Extension

14/02/2024 7:00am

RNS Regulatory News


RNS Number : 0245D
Petards Group PLC
14 February 2024
 

This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

 

14 February 2024

 

 

PETARDS GROUP PLC

 ("Petards")

 

Contract Extension

 

 

Petards, the AIM quoted developer of advanced security and surveillance systems, announces that a key customer has extended an existing contract for the provision of software licences, maintenance and support services.

 

This extension, secured by Petards' subsidiary RTS Solutions (RTS), is effective from June 2024 and runs until June 2025, the value of which is over £0.3 million.

 

Under the terms of the contract RTS will continue to provide software licences, maintenance and third line support in respect of its real time failure and incident management system that supports the UK's rail infrastructure.

 

 

Commenting on the award, Raschid Abdullah, Chairman of Petards Group plc said:

 

"We are pleased to have secured this contract extension for this important safety-related software application which RTS has delivered for many years.

 

"This award adds to RTS's order book and supports its strong core of recurring revenues for the current and following year."

 

 

Contacts:

 

Petards Group plc

www.petards.com

Raschid Abdullah, Chairman

Mb:  07768 905004

 

 

WH Ireland Limited, Nomad and Joint Broker

https://www.whirelandplc.com/capital-markets

Mike Coe, Sarah Mather

Tel:  020 7220 1666



 



Hybridan LLP, Joint Broker

www.hybridan.com


Claire Louise Noyce

 

Tel:  020 3764 2341

claire.noyce@hybridan.com

 


 

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.

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