RTC Group PLC Contract extension for Network Rail (0376T)

TIDMRTC

RNS Number : 0376T

RTC Group PLC

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 GBP35bn 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                                         Tel: 0203 368 3550 
   Adviser) 
   Matt Davis / Mark Brady 
   www.Sparkadvisorypartners.com 
  Whitman Howard Limited (Broker)                                              Tel: 020 7659 1234 
   Nick Lovering / Christopher Furness 
   www.Whitman-howard.com

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

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END

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