TP ICAP Group PLC

M&A Activity • Jan 22, 2019

National Storage Mechanism | Additional information

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RNS Number : 6869N

TP Group PLC

22 January 2019

22 January 2019

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

TP Group plc

("TP Group" or the "Company" or the "Group")

Additional Contract for Nuclear Systems

TP Group (AIM: TPG), the specialist services and engineering group, announces it has been awarded an additional contract by Baker Hughes (a GE Company) within the nuclear sector. 

Valued at approximately £6.4m, this contract follows on from the first award from GE Oil & Gas under this programme, announced by TP Group on 6 December 2016. The work will be carried out at TP Group's Advanced Manufacturing Centre in Manchester over the next four years.

Phil Cartmell, Chief Executive of TP Group, commented:

"We are delighted to continue our work with GE on this strategic programme. It further recognises both the investment and progress made at the Manchester facility in becoming a world-class manufacturing hub for critical equipment in the energy and defence sectors."

For further information, please contact:

TP Group plc	Tel: 01753 285 810
Phil Cartmell, Chief Executive Officer
Derren Stroud, Chief Financial Officer
www.tpgroup.uk.com
Cenkos Securities plc	Tel: 020 7397 8980
Mark Connelly / Callum Davidson
www.cenkos.com
Vigo Communications	Tel: 020 7390 0230
Jeremy Garcia / Fiona Henson / Charlie Neish
www.vigocomms.com

Notes to Editors

TP Group designs and develops advanced technologies, engineers complex equipment and systems, and provides support throughout their operational life. The Company's shares have been traded on AIM since July 2001.

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