Contract Win and Directorate Change (8714C)
March 14 2011 - 5:00AM
UK Regulatory
TIDMOPE
RNS Number : 8714C
Optare PLC
14 March 2011
Optare plc
(the "Company" or "Optare")
Contract Win and Directorate change
Optare is pleased to announce that it has won a contract valued
at over GBP2.2m to supply 20 Versa's to Go Ahead North East this
year for its high profile Quaylink services that connects major
bus, Metro and rail stations with attractions on both banks of the
River Tyne.
In addition Glenn Saint, Chief Operating Officer will be
extending his responsibilities to include relocation of the Leeds
factory and deputising for the CEO. As a result Glenn will step
down as a Board member of Optare plc however will continue as a
director of the group's operating companies.
Jim Sumner CEO, commented, "We are delighted to have secured
this repeat business on what is an extremely high profile
operation. In addition Glenn's expanded role will be extremely
important to the business during a period of significant growth
while relocating to a new factory."
For further information please contact:
Optare plc Tel: 0845 838 9901
Jim Sumner - Chief Executive
Cenkos Securities plc Tel: +44 (0) 20 7397 8900
Stephen Keys/Camilla Hume
This information is provided by RNS
The company news service from the London Stock Exchange
END
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