EU Supply PLC Contract win (2104J)
27 June 2017 - 4:00PM
UK Regulatory
TIDMEUSP
RNS Number : 2104J
EU Supply PLC
27 June 2017
27 June 2017
EU Supply plc
("EU Supply", the "Company" or the "Group")
Contract win
EU Supply (LSE AIM: EUSP), the e-procurement software provider,
is pleased to announce that it has received its first contract
pursuant to the new framework agreement entered into with an
existing customer (the "Customer") for additional services to its
CTM(TM) platform announced by the Company on 16 June 2017 (the
"Agreement").
The contract entered into with the Customer under the Agreement
comprises certain customer-paid enhancements, which are expected to
generate revenues of approximately EUR400k during the remainder of
this year.
As set out in the Company's announcement of 16 June 2017,
discussions are still ongoing with the Customer on specific
call-off orders for additional services to be delivered in 2017 and
2018.
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
CNTQQLFLDQFLBBD
(END) Dow Jones Newswires
June 27, 2017 02:00 ET (06:00 GMT)
Eu Supply (LSE:EUSP)
Historical Stock Chart
From Apr 2024 to May 2024
Eu Supply (LSE:EUSP)
Historical Stock Chart
From May 2023 to May 2024