TIDMTPG

RNS Number : 8121M

TP Group PLC

02 May 2018

2 May 2018

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

TP Group plc

("TP Group" or the "Company" or the "Group")

Second Call-off approximately GBP12.5m from Defence Framework Contract

TP Group (AIM: TPG), the specialist services and engineering group, is pleased to announce the award of a second call-off by the Ministry of Defence ("MoD") under the framework contract for Combined Oxygen Generating Systems ("COGS"), first announced on 11 April 2017.

This call off, worth c. GBP12.5m, is for a number of COGS units and additional ancillary items for in-service Royal Navy submarines. With this call-off, all options under this framework have now been taken up. The systems will be manufactured by TPG Engineering and are expected to be fully delivered by 2026.

Phil Cartmell, Chief Executive Officer of TP Group, commented:

"We are delighted to confirm the next step on this long-term agreement which demonstrates the strength of our support to the MoD's submarine programmes and provides further visibility of revenues in the Engineering business unit."

For further information, please contact:

 
  TP Group plc                       Tel: 01753 285 810 
  Phil Cartmell, Chief Executive 
   Officer 
  Derren Stroud, Chief Financial 
   Officer 
  www.tpgroup.uk.com 
 
  Cenkos                             Tel: 020 7397 8980 
  Mark Connelly / Callum Davidson 
  www.cenkos.com 
 
  Vigo Communications                Tel: 020 7830 9700 
  Jeremy Garcia / Fiona Henson 
  www.vigocomms.com

Notes to Editors

TP Group designs and develops advanced technologies, engineers complex equipment and systems, and provides support throughout their operational life. The Company's shares have been traded on AIM since July 2001.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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May 02, 2018 02:00 ET (06:00 GMT)

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