Re Contract

RNS Number : 7202G

TEG Group (The) PLC

11 June 2013

 

 

For release

07:00

Date: 11 June 2013

The TEG GROUP PLC (TEG/L)

("TEG" or "the Company")

Re: New Contract

TEG Awarded a Contract

by Nottingham City Council

The TEG Group Plc (AIM: TEG) is pleased to announce that its subsidiary TEG Environmental Limited has been awarded a contract by Nottingham City Council for green waste composting at its Simpro Oxton site.  The contract will commence in June 2013 and is for a 3-year term with a further 2 years extension option. The volume of green waste is expected to be 12-15,000 tonnes per annum and the overall revenues will be in the region of £1.0-1.3m over the initial period of the contract. 

Commenting for TEG, Chief Executive Mick Fishwick said: "We are delighted to have been awarded this contract which will further strengthen our relationship with Nottingham City Council."

ENDS

Contact:
The TEG Group Plc	Tel: [phone]
Michael Fishwick, Chief Executive	www.theteggroup.plc.uk
N+1 Singer Advisory LLP (Nomad & Broker)	Tel: [phone]
Andrew Craig/Ben Wright
Peckwater PR	Tel: [phone]
Tarquin Edwards	[e-mail]

 

END

 

 

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