Re Contract
March 16 2010 - 11:23AM
UK Regulatory
TIDMCMG
RNS Number : 6780I
Croma Group PLC
16 March 2010
Croma Group PLC ("Croma")
Significant contract wins for Croma totalling GBP3.8 million per annum
Croma, the AIM listed asset protection, manned guarding, access security, and
avionics specialist, is delighted to announce three contract awards including
its largest ever contract at its manned guarding subsidiary Vigilant Security
Services Limited, ("Vigilant").
The largest contract involves manned security services and has been awarded by a
London property group. This contract will last for three years and is worth
GBP3.4m per annum to Vigilant.
In addition, Vigilant has won two further contracts recently. The first is for
the provision of manned security services to a major tourist venue in Edinburgh
for a term of three years and is worth GBP250,000 per annum.
The second is for the provision of manned security services to the Ministry of
Defence under a one year rolling contract and is worth GBP175,000 per annum.
Commenting on the new contract awards Sebastian Morley, Chief Executive of
Croma, said:
"We are delighted to announce these significant new contract awards, won in the
face of strong competition, and which together substantially increase Croma's
annual contracted revenues.
Together these new contract awards highlight Vigilant's growing reputation as a
boutique provider of high grade and specialist asset protection services".
+------------------------------+------------------------------+
| Croma Group PLC: | |
+------------------------------+------------------------------+
| Sebastian Morley, CEO | Tel: 07768 006909 |
+------------------------------+------------------------------+
| | |
+------------------------------+------------------------------+
| Brewin Dolphin: | |
+------------------------------+------------------------------+
| Sandy Fraser, Managing | Tel: 0845 213 2072 |
| Director - Corporate Finance | |
| (NOMAD) | |
+------------------------------+------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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