Business
Correction - Significant Contract Win
Correction - Significant Contract Win.
About this update from Restore Plc
[{"type":"text","content":"\n\nThe following amendment has been made to the 'Significant Digital contract win with HMRC' announcement released on 6 September 2023 at 10:41 under RNS No 5730L.\n \nSeptember 2024 has been amended to September 2023.\n \nAll other details remain unchanged.\n \nThe full amended text is shown below.\n \n \n6 September 2023\n \nRestore plc\n(\"Restore\" or the \"Group\" or \"Company\")\n \nSignificant Digital contract win with HMRC\n \n \n \nRestore (AIM: RST), the UK's leading provider of digital and information management and secure lifecycle services, is delighted to announce a significant Digital contract win with His Majesty's Revenue and Customs (\"HMRC\"). The contract, valued at up to £140 million (dependent on transactional volumes), spans a duration of 5 to 7 years and is expected to commence in September 2023.\n \nThe new contract follows the successful outcome of a public procurement process which will see Restore taking on responsibility for three service towers on behalf of HMRC - outbound print and messaging (SMS, email, rich messaging) services will be managed by Restore but sub-contracted to two strategic partners, as well as the inbound mailroom and scanning services which Restore already currently provides to HMRC under its existing contract. Within this service, Restore will deliver a communications platform, working with its strategic partners, aimed at moving HMRC's customers to digital communications. Through this partnership, Restore will support the transformation of HMRC's operations into a cutting-edge digital solution and at the same time, deliver for HMRC a reduction in paper consumption by the end of the contract term.\n \n \n \nFor further information:\n\n\n\n\nRestore plc\n\n\nwww.restoreplc.com \n\n\n\n\nCharles Skinner, CEO\nMike Killick, Interim CFO\n\n\n+44 (0) 207 409 2420\n\n\n\n\n \n\n\n \n\n\n\n\nInvestec (Nominated Adviser and Joint Broker)\n\n\nwww.investec.com\n\n\n\n\nCarlton Nelson\nJames Rudd\n \n\n\n+44 (0) 207 597 5970\n\n\n\n\nCanaccord Genuity (Joint Broker, Corporate Advisor)\n\n\nwww.canaccordgenuity.com\n\n\n\n\nMax Hartley\nChris Robinson\n \n\n\n+44 (0) 207 523 8000\n\n\n\n\nCiti (Joint Broker) \n\n\nwww.citigroup.com\n\n\n\n\nStuart F...