Universe Group PLC GBP4.4m Agreement With An Existing Retail Customer (5321S)

TIDMUNG

RNS Number : 5321S

Universe Group PLC

16 November 2021

Universe Group plc

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

GBP4.4 million Agreement With An E xisting Retail Customer

Universe Group plc (AIM: UNG.L), a leading developer and supplier of retail management solutions, payment and loyalty systems, is pleased to announce that it has entered into an agreement worth approximately GBP4.4 million to supply outdoor payment terminals for the forecourt estate of a major existing retail customer of the Group.

Revenue relating to the contract will be recognised on delivery and the timing of this remains subject to further discussion. The associated revenue and profit from this agreement would be incremental to management's existing expectations.

Neil Radley, CEO of Universe, commented : "We are very pleased to announce this contract, which emphasises our strong market position in this area. This contract will deliver either an outperformance to our expectations for this financial year or, dependent on timing and the outcome of other customer proposals, provide a firm foundation as we enter the next financial year. We remain a business committed to a transition to a SaaS model focussed on recurring revenues and look forward to reporting further progress in that regard in due course."

For further information:

 
 Universe Group plc                            T: +44 2380 689 510 
  Andrew Blazye, Executive Chairman 
  Neil Radley, Chief Executive Officer 
  Adrian Wilding, Chief Financial Officer 
 finnCap                                       T: +44 2072 200 500 
  Henrik Persson / Seamus Fricker (Corporate 
  Finance) 
  Richard Chambers (Corporate Broking) 
 IFC Advisory                                   T: +44 2039 346 630 
 Tim Metcalfe / Florence Chandler

About Universe Group plc:

Universe provides some of the world's leading retailers with retail management solutions, payment and loyalty systems. The Group's solutions are based on its own proprietary software with its payment solutions processing over GBP18 billion transactions every year. For further information, please see www.universe-group.co.uk

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

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