Contract update

RNS Number : 3970P

AssetCo PLC

17 November 2016

 

Issued on behalf of AssetCo plc

Immediate Release

17 November 2016

AssetCo plc

("AssetCo" or the "Company")

Contract update

AssetCo announces that the trading and performance on the principal contract in Abu Dhabi ("the Contract") which has been supplied by the Company since March 2010, continues to perform in line with management's expectations.

The Contract which is due for renewal on 17 November 2016 and AssetCo is in the final stages of negotiation to extend the Contract for a period of at least one year. In the interim period, the Contract will continue to perform under existing terms and the Company will provide an update on the Contract extension before the end of the year.

Enquiries:

Tudor Davies, Chairman

AssetCo plc

Tel: [phone] Or   [phone]

Ticker AIM: ASTO.L www.assetco.com

John Llewellyn-Lloyd / Ciaran Walsh

Arden Partners plc

Tel: [phone]

Fiona Tooley

TooleyStreet Communications

Mobile: [phone]

Email: [e-mail]

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

 

END

 

 

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