Universe Group PLC Major new contract with Conviviality Retail (9951A)

TIDMUNG

RNS Number : 9951A

Universe Group PLC

02 October 2015

2 October 2015

AIM: UNG

Universe Group plc

("Universe" or "the Group")

Major Contract Win with Conviviality Retail Plc

Universe (AIM: UNG.L), a leading developer and supplier of point of sale, payment and on-line loyalty systems is pleased to announce that its subsidiary HTEC, has signed a major contract with Conviviality Retail Plc ("Conviviality"), the UK's largest franchised off-licence and convenience store chain with the Bargain Booze fascia. Under this contract, revenues over the next three years are expected to amount to approximately GBP4.3 million.

The contract, secured after an international competitive tender process, is for the supply and maintenance of a comprehensive, integrated suite of HTEC's proprietary next generation point of sale, back office, head office and payment systems together with related on-going customer support. The systems will be installed across Conviviality's entire estate of over 650 off-licence and convenience stores, with implementation expected to begin no later than November 2015. As well as facilitating and managing sales processing and secure in-store payments, HTEC's products will also manage online ordering and deliver an extensive reporting suite.

Jeremy Lewis, CEO of Universe, commented:

"We are delighted to be working with such a market leading retailer as Conviviality. This is a significant contract win for us that highlights the Group's progress in entering the convenience store and grocery sector and underlines the market confidence in our new, innovative product set."

For further information:

 
 Universe Group plc                    T: +44 (0) 2380 689 
  Jeremy Lewis, CEO                     510 
 finnCap                               T: +44 (0) 20 7220 
  Stuart Andrews (corporate finance)    0500 
  Tony Quirke (corporate broking) 
 
 
   KTZ Communications                    T: +44 (0) 20 3178 
                                         6378 
 Katie Tzouliadis

About Universe Group plc:

Universe provides some of the world's leading retailers, particularly in the petrol forecourt and convenience store markets, with point of sale, payment and loyalty solutions. The Group's solutions are based on its own proprietary software and are offered out of the Cloud on a software as a service model with its datacentres processing in excess of 3 billion transactions every year. For further information, see www.universeplc.com.

This information is provided by RNS

The company news service from the London Stock Exchange

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