Replacement: Contract with UK MoD (1769Y)
27 February 2012 - 10:25PM
UK Regulatory
TIDMMAN
RNS Number : 1769Y
Manroy PLC
27 February 2012
This announcement replaces the Manroy Plc release sent out today
at 07.00 under RNS 1257Y. The date at the top of the announcement
should read "27 February 2012" and not as previously stated. All
other details remain unchanged. The full announcement is repeated
below.
27 February 2012
MANROY PLC
CONTRACTS WORTH GBP1.1M WITH UK MOD
Manroy Plc ("Manroy"), the AIM quoted leading UK machine gun
manufacturer, is pleased to announce the signing of contracts worth
GBP1.1 million to supply the UK Ministry of Defence ("MoD") with
blank firing systems ("BFS"), tow bars and tripods.
Under the terms of the BFS contract, Manroy will provide the MoD
with 295 additional BFS's which are used for training purposes.
This will take the total number of BFS's sold to the MoD by Manroy
from 68 to 363.
Manroy owns the Intellectual Property Rights for the 0.5"
calibre Heavy Machine Gun ("HMG") Blank Firing System, including
the ammunition, and in May 2011, signed a GBP4.1m, 5 year
continuation to an existing contract to supply the MoD with blank
ammunition.
Glyn Bottomley, Manroy's Chief Executive, said: "These contracts
underline the strength of our relationship with the MoD and have
the potential to open up further opportunities which can be
serviced as a result of the expansion undertaken over the past
twelve months."
For further information please contact:
Manroy Plc Tel: 01252 874 177
Glyn Bottomley, Chief Executive
Paul Carter, Finance Director
Canaccord Genuity Limited - Nomad Tel: 020 7050 6500
and Broker
Robert Finlay
Peter Stewart
Tavistock Communications Tel: 020 7920 3150
Baron Phillips
Simon Compton
Notes to Editors:
Manroy is a UK based manufacturer of machine guns, mounts and
other associated products. A key Ministry of Defence supplier for
26 years, Manroy currently manufactures, supplies and supports:
-- the 12.7mm M2 Heavy Machine Gun ("HMG"), also known as the 0.50" calibre HMG;
-- the 7.62mm General Purpose Machine Gun ("GPMG"); and
-- weapon tripods and mounting systems.
Manroy is focused on the opportunity to derive further value
from existing partner relationships and create additional revenue
streams by continuing to expand the product offering, and to move
into new territories.
Ends
This information is provided by RNS
The company news service from the London Stock Exchange
END
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