EU Supply PLC Contract Wins
28 June 2018 - 4:01PM
RNS Non-Regulatory
TIDMEUSP
EU Supply PLC
28 June 2018
RNS Reach
28 June 2018
EU Supply plc
("EU Supply", the "Company" or the "Group")
Contract Wins
EU Supply (LSE AIM: EUSP), the e-procurement software provider,
is pleased to announce that the Group's strong position in Denmark
continues to be consolidated, with the Company having recently been
awarded contracts within the Government sector, in particular from
the Ministry of Foreign Affairs, Ministry of Education (both 4 year
contracts) and the Danish Maritime Authority (a 2 year contract
with an additional option for 2 further years). All contracts are
for delivery of CTM(TM) as SaaS and related services.
The Group is also pleased to announce that a continued high
contract retention rate is being maintained in Denmark, including a
recent renewal of a 3-year contract with a leading Danish energy
company for a contract value of a minimum of GBP40k over the
contract period.
FURTHER ENQUIRIES
EU Supply PLC Tel: 020 7127 4545
Thomas Beergrehn, CEO
Fredrik Wallmark, CFO
Stockdale Securities Tel: 020 7601 6100
Tom Griffiths, Ed Thomas
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 e-sourcing,
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 8,000
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. On 25 May 2018, the Company
announced that it had raised a further GBP600k (before expenses)
through a placing and subscription of new shares.
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END
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