EU Supply PLC Framework agreement signed (2559I)
16 June 2017 - 4:00PM
UK Regulatory
TIDMEUSP
RNS Number : 2559I
EU Supply PLC
16 June 2017
16 June 2017
EU Supply plc
("EU Supply", the "Company" or the "Group")
Framework agreement signed
EU Supply (LSE AIM: EUSP), the e-procurement software provider,
is pleased to announce that it has entered into a new framework
agreement (the "Agreement") with an existing customer (the
"Customer") for additional services to its CTM(TM) platform.
The Agreement which is for 3 years with a further year at the
Customer's option and has a total value of up to EUR3.6m allows the
Customer to call-off support and maintenance renewals as well as
customer-paid enhancements during the length of the Agreement.
The discussions with the Customer on specific call-off orders
for support and maintenance as well as customer-paid enhancements
to be delivered in 2017 and 2018 are ongoing.
FURTHER ENQUIRIES
EU Supply PLC Tel: 020 7127 4545
Thomas Beergrehn, CEO
Mattias Ström, CFO
Stockdale Securities Tel: 020 7601 6100
Tom Griffiths, David Coaten
A copy of this announcement is available at
www.eu-supply.com.
Notes to Editors
EU Supply is the UK holding company of the EU Supply Group, a
Sweden-based e-commerce business, which has an established,
market-leading, multilingual e-procurement platform for esourcing,
e-tendering and contract management, tailored for the highly
regulated European public sector market.
Since 2006, the Group has invested heavily in employing
specialist programmers to add functionality, legal compliance as
required and security features to its Complete Tender
Management(TM) ("CTM(TM)") platform to ensure that the Group is
ideally placed to secure new contracts with EU Member States and
their Contracting Authorities. The platform is available in 16
different languages.
The Directors believe that the Group's CTM(TM) platform is one
of the easiest to use and most functionally advanced solutions
available in the market. The CTM(TM) platform is used by over 7,000
European public sector bodies in 9 EU/EEC Member States and has
National Procurement System status in four Member States (the UK,
Ireland, Norway and Lithuania).
The Company's shares were admitted to trading on AIM in November
2013. In August and September 2015, the Company raised a total of
GBP2.061m (before expenses) through a placing of new shares and the
issue of first and second tranches of Convertible Loan Notes to
institutional and other investors.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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