Mountfield Group plc Contract Wins of £3.6m at MBG (3212X)
April 29 2019 - 2:01AM
UK Regulatory
TIDMMOGP
RNS Number : 3212X
Mountfield Group plc
29 April 2019
29 April 2019
Mountfield Group Plc ("Group")
and its subsidiary Mountfield Building Group Limited ("MBG")
Contract Wins of GBP3.6m at MBG
The Directors of Mountfield Group Plc are pleased to announce
that its subsidiary, MBG, has been awarded five new contracts by
one of its principal clients with an aggregate value of GBP3.6m.
Four of these contracts form part of a negotiated scheme in respect
of which MBG has already successfully delivered similar projects in
2017 and 2018.
The fifth contract is for the second phase of works on a key
site in London and is another example of the client contracting
with MBG in respect of the overall upgrade to the operational
infrastructure of its property estate.
The contract works will commence immediately and are phased to
be completed in this current financial year.
By aggregating these new contracts with contract wins achieved
by MBG and referred to in the recent Trading Statement the
Directors of Group state that the value of work secured by MBG for
2019 currently stands at a post-Admission record of GBP11.2m.
Further instructions are expected this year from this particular
client and from other parties with whom the Company is currently in
negotiations.
Graham Read, MBG's Managing Director said:
"Building on the successful delivery of six similar schemes for
the client, MBG has developed a strong team that has created
confidence with this particular client which has resulted in us
being introduced to new, long-term opportunities. These wins prove
the success of this strategy and we are delighted to add these new
contracts to our existing 2019 order book which is already at a
record high"
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
For further information, please contact:
Mountfield Group plc 01268 561 516
Peter Jay, Chairman
Andy Collins, Chief Executive
Officer
Cairn Financial Advisers LLP 020 7213 0880
Jo Turner / Tony Rawlinson
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END
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