WYG Plc WYG awarded ?5.8m Polish Government contract

TIDMWYG

WYG Plc

04 March 2016

4 March 2016

("WYG" or "Company")

WYG plc

WYG awarded EUR5.8m Polish Government contract

WYG plc, the global programme, project management and technical consultancy, is pleased to announce that it has been awarded a new contract worth up to EUR5.8m to support the Polish Government's initiative to help the unemployed.

This new contract will be delivered over a series of planned actions, supporting the Silesian Labour Office, in eight districts of this industrial region. EUR2.0 million is attributable to the first stage of the project, which is scheduled to be delivered over the next 18 months. Under the contract WYG will provide short term training and initial assistance to the unemployed. The estimated budgetary allocation of the Polish Government for the overall programme is EUR50 million in 2016 and this is now reaching the tender stage in regions throughout Poland.

Paul Hamer, Chief Executive Officer of WYG, said:

"I am delighted to announce this contract win, particularly as it is for such a worthwhile cause. This is one of the first of a number of similar projects under the overall programme which are expected to be tendered by the regional labour offices financed through the Labour Ministry in Poland. The contract award demonstrates that government and EU funds are again starting to flow following the recent hiatus in spending. WYG is very well placed to take advantage of future growth opportunities in Poland."

ENDS

Contacts:

 
 WYG plc                                  Tel: 0113 278 
  Paul Hamer, Chief Executive Officer      7111 
  Sean Cummins, Group Finance Director 
 MHP Communications                       Tel: 020 3128 
  John Olsen / Katie Hunt / Ollie Hoare    8100 
 N+1 Singer                               Tel: 020 7496 
  Sandy Fraser / Nick Owen                 3000 
 WH Ireland Limited                       Tel: 020 7220 
  Adrian Hadden / Liam Gribben             1666

Notes to editors:

About WYG

WYG is a leading programme, project management and technical consultancy employing over 1,500 people and operating from more than 50 locations across the UK, Europe, Africa, Asia and the Middle East. We specialise in creating and managing strategic assets for our clients. We engage with them in the early stages of a project, and often continue to advise them throughout its lifecycle.

Outside the UK, we have also become a leader in international development, exporting our knowledge and networks to undertake ambitious projects that make a positive impact on infrastructure, socio-economic growth and the environment. Our in-house expertise encompasses seven global sectors: defence & justice, energy & waste, environment, mining & metals, social development and infrastructure, transport, and urban development. We also bring together a network of more than 20,000 partners and associates from around the world. This breadth of skills and knowledge allows us to provide a unique integrated approach to solve complex challenges wherever in the world our clients need us.

WYG plc's shares are traded on AIM, a market operated by the London Stock Exchange.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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