Regulatory Filings • Sep 19, 2017
Regulatory Filings
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Disclosed inside information pursuant to article 17 Market Abuse Regulation (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement.
Joint Ventures/Cooperation/Collaboration/Government Contracts/Company Information/Contracts 19.09.2017
Vienna - Kapsch TrafficCom has been awarded a nation-wide concession contract by the Zambian Government for the design, installation and operation of systems and solutions for traffic surveillance, vehicle speed enforcement, vehicle inspection and vehicle registration. This scope of service will be realized step by step during a ramp-up phase as a part of a 17-year contract.
For this project, Kapsch TrafficCom has entered into a 50:50 joint venture with Lamise Trading Limited, a Zambian company based in Lusaka. Expected revenues in the first three years of operation are projected to be in the range of EUR 90 million to EUR 110 million. With the signature of Zambian officials, the contract entered into force with immediate effect.
Further inquiry note: Alf Netek Chief Marketing Officer & Press Officer Kapsch AG Am Europlatz 2, 1120 Vienna, Austria Phone: +43 50811 1700 E-mail: [email protected]
Hans Lang Investor Relations Officer Kapsch TrafficCom AG Am Europlatz 2, 1120 Vienna, Austria Phone: +43 50 811 1122 E-mail: [email protected]
end of announcement euro adhoc --------------------------------------------------------------------------------
| issuer: | Kapsch TrafficCom AG |
|---|---|
| Am Europlatz 2 |
|
| A-1120 Wien | |
| phone: | +43 1 50811 1122 |
| FAX: | +43 1 50811 99 1122 |
| mail: | [email protected] |
| WWW: | www.kapschtraffic.com |
| ISIN: | AT000KAPSCH9, AT0000A0KQ52 |
| indexes: | |
| stockmarkets: Wien | |
| language: | English |
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