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NRC Group — Share Issue/Capital Change 2016
Mar 2, 2016
3693_iss_2016-03-02_fdc26c59-7e3d-47ed-8573-6409738c9832.html
Share Issue/Capital Change
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NRC GROUP ASA - APPOINTED TO A MAJOR CONTRACT IN SWEDEN - SEK 115 MILLION
NRC GROUP ASA - APPOINTED TO A MAJOR CONTRACT IN SWEDEN - SEK 115 MILLION
The Swedish Transport Administration (Trafikverket)
has appointed Segermo Entreprenad AB, a company wholly
owned by NRC Group ASA, to a contract relating to the
ongoing railway renewal of the railroad between
Ludvika and Frövi in Sweden.
The contract is for renewal of the approximately 7
kilometer railway connection between Vedevåg and
Lindesberg, being part 2 of the Ludvika - Frövi
renewal, and involves rail services such as
groundwork, track, electro and signal. The contract is
valued at approximately SEK 115 million.
The contract also includes an option for Trafikverket
to include the connection from Lindesberg to Storå,
being part 3 of the Ludvika - Frövi renewal, in the
same contract. This work will relate to renewal of
approximately 10 kilometer railway and will involve
rail services such as groundwork, track, electro and
signal. The option must be exercised by Trafikverket
within 31 October 2016, and will, if exercised, result
in a total contract value of approximately SEK 230
million.
The work will commence in April 2016, and the project
is scheduled for completion in October 2017.
Closing date for submission of complaints is 10 days
from today, and formal contractual signing can take
place after this period at the earliest.
Oslo, 2. March 2016
For further information, please contact: Øivind
Horpestad, CEO of NRC Group, +47 910 00 626
This information is subject to the disclosure
requirements pursuant to section 5-12 of the Norwegian
Securities Trading Act