NMCN Nmcn Plc

TIDMNMD

RNS Number : 8382H

North Midland Construction PLC

13 June 2017

North Midland Construction PLC

13 June 2017

North Midland Construction PLC ("North Midland Construction" or the "Group")

Contract Win

North Midland Construction is pleased to announce the award of a new joint venture infrastructure contract for Severn Trent Water on the Birmingham Resilience Project worth in excess of GBP100m. The scheme will commence on site in Q3 2017 and will be delivered over the next 3 years.

As a result of this significant contract win, the results for the year to 31 December 2017 are expected to be ahead of management expectations. Shareholders should note that the contract value is spread over the duration of the contract and will be split between North Midland and its JV partner.

North Midland Construction Plc will perform the design and construction of a new Water treatment plant at Frankley.

John Homer, Chief Executive of North Midland, said:

"This is a fantastic flagship project to be awarded with one of our key customers and is a testament to the specialist capabilities that our group have developed".

Enquiries

   North Midland Construction PLC                      01623 515 008 

John Homer, Chief Executive

Dan Taylor, Finance Director

This information is provided by RNS

The company news service from the London Stock Exchange

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June 13, 2017 02:00 ET (06:00 GMT)

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