Business
South Western Railway Contract Extension
South Western Railway Contract Extension.
About this update from Firstgroup Plc
[{"type":"text","content":"\n \n FIRSTGROUP PLC\n SOUTH WESTERN RAILWAY CONTRACT EXTENSION\n FirstGroup plc ('FirstGroup' or ‘the Group') today announces that the Department for Transport (‘DfT’) have exercised their option to continue the current contractual arrangements for the Group’s South Western Railway (‘SWR’) train operating company for the full two year extension period, as set out in SWR’s National Rail Contract (‘NRC’). The current NRC, which began in May 2021, will now run until 25 May 2025 on the existing terms.\n Commenting, Graham Sutherland, FirstGroup Chief Executive Officer said:\n “We welcome the contract extension for South Western Railway, which enables us to build on the achievements of the first two years of the contract and continue improving the customer offering. We are committed to working closely with government and our partners to deliver a successful railway network that provides vital connections for customers and communities along the SWR route.”\n \n \n \n Contacts at FirstGroup:\n \n Marianna Bowes, Head of Investor Relations\n Stuart Butchers, Head of Corporate Communications\n [email protected]\n Tel: +44 (0) 20 7725 3354\n \n Contacts at Brunswick PR:\n \n Andrew Porter / Simone Selzer\n Tel: +44 (0) 20 7404 5959\n \n \n \n \n Contacts at Liberum Capital Limited:\n \n Nicholas How / John Fishley / William Hall\n Tel: +44 (0) 20 3100 2000\n \n \n Contacts at RBC Europe Limited:\n \n James Agnew / Jonathan Hardy / Jack Wood\n \n Tel: +44 (0) 20 7653 4000\n \n \n \n Forward-looking statements\n \nCertain statements included or incorporated by reference within this announcement may constitute 'forward-looking statements' with respect to the business, strategy and plans of the Group and our current goals, assumptions and expectations relating to our future financial condition, performance and results. By their nature, forward-looking statements involve known and unknown risks, assumptions, uncertainties and other factors that cause actual results, performance or achievements of the Group to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. No statement in this announcement should be construed as a profit forecast for any period. Shareholders are cautioned not to place undue reliance on the forward-looking statements. Except as...