8th Oct 2007 07:01
Mission Capital PLC08 October 2007 Mission Capital plc (the "Company") Mission Capital's Car Parking Subsidiary, KML, secures new contracts On August 10 2007 Mission Capital plc announced that sufficient progress hadbeen made with one of its principal contracts to release both the remaining cashand issue the remaining shares as part of the deferred consideration payable tothe vendors of Karspace Management Limited ("KML"), the Company's car parkingsubsidiary, which was acquired in June 2006. The Company is pleased to announcethat this major contract with a large London local authority, due to expire inNovember 2007, has now been extended for a further two years, until November2009. In addition, KML has signed a contract to take over the management of a car parkin Maidstone, Kent, previously operated by Maidstone Council. This site is ownedby Athens Investments Holding Group Limited in which Mission Capital has a 20per cent interest. As referred to in the Company's interim results statement, KML has secured acontract on the fringes of the City of London for a new client, Tishman Speyer,in Aldgate. The Buckle Street Car Park, KML's Tower Hamlets' multi storey site,provides another opportunity to offer customers innovative parking managementand excellent customer services. For further information please contact: Neil Sinclair/Emma SinclairMission Capital Plc020 7292 0870 www.missioncapitalplc.com www.kml.org.uk This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
MCAP.L