EDF Energy Contract Extension

RNS Number : 0917P

Spice PLC

09 July 2010

 



9^th July 2010

Spice plc ("Spice")

EDF Energy Contract Extensions

Spice plc, the leading provider of Outsourced Utility Support Services, is pleased to announce that Freedom, its Electricity business in its Distribution Division, has extended its contracts with EDF Energy for Major Substation Projects 'workstream one' and Overhead Line Works 'workstream five'.  The extended contracts which run to the end of 2015 are of similar value to the previous contracts.

Martin Towers, Chief Executive of Spice plc, said:

"We have an important, long standing partnership with EDF Energy, and we are delighted to have extended these contracts.  This is excellent news, built upon our exceptional service delivery and technical skills base.

"Spice now has five years of revenue visibility within its important Distribution Division, in a market with strong regulatory and environmental drivers.  These extensions remove further risk from Spice and adds an additional level of certainty to future work flows."

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Enquiries:

Spice plc Martin Towers, Chief Executive Oliver Lightowlers, Group Finance Director	Tel:  [phone]
Financial Dynamics Billy Clegg Caroline Stewart	Tel: [phone]
KBC Peel Hunt Sponsor & Broker Julian Blunt David Anderson Simon Brown	Tel: [phone]
Hawkpoint Financial Adviser Christopher Kemball Chris Robinson Serge Rissi	Tel: [phone]

NOTES TO EDITORS

Spice plc

Spice is a provider of infrastructure support services to the Utilities sector. The Group's operations were founded in 1996 and have their origins in the electricity industry, though the range of activities has since been expanded into the water and energy sectors. Spice's businesses have a common theme of delivering and co-ordinating infrastructure support services to customers, and the white collar element within the service mix has been built up significantly over recent years.

 

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