EU Supply PLC Contract Win
30 November 2018 - 7:00PM
RNS Non-Regulatory
TIDMEUSP
EU Supply PLC
30 November 2018
RNS Reach
30 November 2018
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 the Company's position in Denmark has
been further strengthened following a new contract signed with the
Danish Government, covering multiple sectors, including a new
contract for the licensing and support of CTM(TM) with the Danish
Ministry of Taxation, including its 10 agency procurement
departments, of which 3 were previous licensees of competitors'
solutions. The new contract is for the delivery of CTM(TM) as SaaS
and related services and runs for a period of 2 years with the
option to extend by up to a further 2 years.
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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