REDCENTRIC PLC — Regulatory Filings 2018

Apr 26, 2018

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RNS Number : 1623M

Redcentric PLC

26 April 2018

26 April 2018

Redcentric plc

("Redcentric" or the "Company")

Award of public sector framework agreement

Redcentric plc (AIM: RCN), a leading UK IT managed services provider, is pleased to announce that it has been confirmed as the preferred supplier for Health and Social Care Network (HSCN)  and Public Services Network (PSN) services to the Yorkshire and Humber region.

The arrangement will connect public sector organisations across Yorkshire and the Humber region, reducing costs and enabling more efficient and integrated delivery of services. The framework agreement covers local authorities, emergency services, transport and health sectors and will include connectivity to the new Health and Social Care Network and Public Services Network. A total of 65 organisations will be able to connect up to 3,000 of their sites through Redcentric, rationalise their existing infrastructure and achieve significant savings by doing so.

Under the framework Redcentric will be providing connectivity services on its network. The framework is awarded for a period of four years and has the potential to add up to £15m to £20m of incremental revenue per year. Redcentric expects to deliver between £1m and £3m of revenue from the framework in the current financial year and expect this to increase over the life of the agreement as services are mobilised and rolled-out across the Yorkshire and Humber region.

Chris Jagusz, Chief Executive of Redcentric plc said, "We are proud to have been awarded this framework, it is a great example of a flexible and collaborative partnership between public and private sectors.  It also demonstrates Redcentric's credentials as a trusted and reliable technology partner."

Redcentric plc	Via Tulchan Communications
Chris Jagusz, Chief Executive Officer
Peter Brotherton, Chief Financial Officer
Numis Securities - NOMAD & Joint Broker	+44 (0) 20 7260 1000
Simon Willis / Oliver Hardy / Tom Ballard
finnCap Ltd - Joint Broker	+44 (0) 20 7220 0500
Stuart Andrews / Rhys Williams
Tulchan Communications	+44 (0) 207 353 4200
James Macey White / Matt Low

Note for editors

More information on the Health and Social Care Network is available via the NHS Digital website.

This information is provided by RNS

The company news service from the London Stock Exchange

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