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Share Name Share Symbol Market Type Share ISIN Share Description
Univision Engineering Limited LSE:UVEL London Ordinary Share HK0000033065 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 1.10 1.00 1.20 1.10 1.10 1.10 0.00 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electronic & Electrical Equipment 10.7 0.5 0.1 9.2 4

UniVision Engineering Ltd Contract Win

01/09/2020 11:23am

UK Regulatory (RNS & others)


Univision Engineering (LSE:UVEL)
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TIDMUVEL

RNS Number : 6799X

UniVision Engineering Ltd

01 September 2020

RNS ANNOUNCEMENT: The information communicated in this announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.

For immediate release: 1 September 2020

UniVision Engineering Limited

("UniVision", the "Company" or the "Group")

Contract win

UniVision (AIM: UVEL), the Hong Kong based group whose principal activities are the supply, design, installation and maintenance of closed circuit television (CCTV) and surveillance systems, and the sale of security related products, is pleased to announce that the Company has signed a third Supplementary Agreement to its May 2017 Agreement with the MTR Corporation in Hong Kong ("MTRC")(the "Major Contract").

Supplementary Agreement No.3, which is for the provision of UPS (Uninterrupted Power Supply) for WRL (West Rail Line) for Core and Backbone Network Equipment to the CCTV Data Network, has an agreed contract value of HK$29m (approximately GBP2.8m). The work will be completed and invoiced over the remaining period of the Main Contract, which runs through until November 2023.

This contract award follows closely behind Supplementary Agreement No.2, announced as part of the Trading Update on 3 July 2020, which was for HK$16.9m.

Further information regarding the Company's current trading and performance will be given as part of the announcement of our Final Results, for the year ended 31 March 2020, which we expect to publish later this month.

For further information visit www.uvel.com or contact :

 
 UniVision Engineering Limited           Tel: +852 2389 3256 
 Stephen Koo, Chairman                   www.uvel.com 
 Danny Kwok Fai Yip, Finance Director 
 Nicholas Lyth, Non-Executive Director   Tel: +44 (0)7769 906686 
 
 SPARK Advisory Partners Limited         Tel: +44 (0)20 3368 3551 
  (Nominated Adviser) 
 Mark Brady / Neil Baldwin               www. sparkadvisorypartners.com 
 
 
 SI Capital Limited                      Tel: +44 (0)1483 413500 
  (Broker)                                www.sicapital.co.uk 
 

Nick Emerson

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END

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(END) Dow Jones Newswires

September 01, 2020 06:23 ET (10:23 GMT)

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