RNS Number : 6780I
Croma Group PLC
16 March 2010
Croma Group PLC ("Croma")
Significant contract wins for Croma totalling £3.8 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 £3.4m 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 £250,000 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 £175,000 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 Director - Corporate Finance Tel: 0845 213 2072
(NOMAD)
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