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Contract extension for Network Rail

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RNS Number : 0376T
RTC Group PLC
12 November 2019
 

12 November 2019

 

RTC Group Plc

("RTC", "the Company" or "the Group")

 

Contract extension for provision of Contingent Labour Services to Network Rail

 

RTC Group Plc (AIM: RTC.L) is delighted to announce that Network Rail have agreed to extend their contract with the Group's 100% owned subsidiary, Ganymede, by one year, to 31 March 2021. Revenues in the extension year are expected to be in line with current activity.

 

Ganymede provides safety critical staff to industry and in 2015 was chosen by Network Rail to be a key strategic partner for their CP5 (control period five) programme of work. This extension, along with the initial contract term covers the first two years of CP6 (control period 6), a five year £35bn spending and investment programme into the UK's railway network announced by government in October 2018. The original contract was entered into on 20 March 2015.

 

Commenting on the award, Andy Pendlebury, CEO, said:

 

"This extension is a result of the excellent service that Ganymede delivers to Network Rail. I would like to extend my thanks and congratulations to the whole team at Ganymede for all their hard work and commitment."

 

 

ENDS

 

Enquiries:

 

RTC Group Plc

                                    Tel: 0133 286 1835

Bill Douie, Chairman

 

Andy Pendlebury, Chief Executive

 

 

 

SPARK Advisory Partners Limited (Nominated Adviser)

Matt Davis / Mark Brady

www.Sparkadvisorypartners.com

 

                                      Tel: 0203 368 3550

Whitman Howard Limited (Broker)

Nick Lovering / Christopher Furness

www.Whitman-howard.com

Tel: 020 7659 1234

 

About RTC

RTC has two strategic business units: Recruitment and Central Services.

 

The Recruitment arm is the key revenue generator for the Group providing recruitment services in the UK through its Ganymede and ATA brands and worldwide through its Global Staffing Solutions brand.

 

Central Services provide all central services for the Group including their head office facilities in Derby. It also generates income from excess space at the Derby site including rental and conferencing facilities.

 

www.rtcgroupplc.co.uk

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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