Mears Group PLC
09 January 2008
9 January 2008
Mears Group PLC
Significant contract award
Today Mears Group PLC ('Mears') announces the award of a flagship contract worth
£65 million with Birmingham City Council to provide responsive repairs and voids
refurbishment in the Northern area of the City. The work will encompass the
transfer of over 300 staff and will last for an initial period of 4.5 years with
an option to extend to a full term of 7 years. This win follows an extensive
tender process, lasting over 6 months, through which Mears was able to demonstrate
service and efficiency benefits of advantage both to the Council and to the
residents of North Birmingham.
This Birmingham win, together with Mears' recent win with Midland Heart Housing,
gives the Company a very strong footprint within the Midlands, from which the
Company would expect to win further work in the future.
Bob Holt, Chairman of Mears, commented: 'The Birmingham tender success marks another
important step for Mears and further evidence of our improved approach to Business
development.'
Enquiries:
Mears Group PLC
Bob Holt, Chief Executive 07778 798 816
David Robertson, Finance Director 07887 705 357
Andrew Smith, Executive Director 07712 866 461
Threadneedle Communications
Trevor Bass / Alex White 020 7936 9666
Nominated adviser to Mears Group PLC
Investec
Keith Anderson / Michael Ansell 020 7597 5970
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.