4th Jul 2016 15:00
4 July 2016
This announcement contains price sensitive information
TP Group plc
("TP Group" or the "Company")
Contract update
TP Group (AIM: TPG), the specialist technology, engineering and managed solutions group, today confirms that the MoD has issued a notice detailing its intention to award a sole source contract to TPG Maritime, a wholly owned subsidiary of TP Group, for an asset availability service contract relating to Submarine Air Purification.
The contract, upon award, would be for an initial 7 years with an optional 3 years extension and is estimated to be worth £27.8 million over the full life cycle of the contract.
TP Group anticipates the contract will commence in early 2017.
Further information can be found at http://ted.europa.eu/udl?uri=TED:NOTICE:227000-2016:TEXT:EN:HTML&src=0
For further information, please contact:
TP Group plc Phil Cartmell, Chief Executive Officer Derren Stroud, Chief Financial Officer www.tpgroup.uk.com
| Tel: 01753 285 810 |
Cenkos Stephen Keys / Mark Connelly www.cenkos.com
| Tel: 020 7397 8980 |
Vigo Communications Jeremy Garcia / Fiona Henson www.vigocomms.com
| Tel : 020 7830 9700 |
NOTES TO EDITORS
TP Group is a group of innovative UK based engineering companies, supplying technologies and support to global markets. TP Group designs and develops advanced technologies; engineers complex equipment and systems; and provides support throughout their operational life. The Company's shares have been traded on the AIM market since July 2001.
Related Shares:
TPG.L