REG - 4GLOBAL PLC - Contract Extension

4GlobalAnnouncement

15/11/2023 07:00

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RNS Number : 4317T  4GLOBAL PLC  15 November 2023

15 November 2023

4GLOBAL PLC

("4GLOBAL" or the "Company")

Contract Extension

4GLOBAL, a UK-based data, services and software company focused on major
sporting events and the promotion and measurement of physical activity, is
pleased to announce a one year variation to year three of a its four-year
multimillion pound Sport England Moving Communities contract; in partnership
with Right Directions, Active Insight and Sheffield Hallam University. A
significant proportion of 4GLOBAL revenue associated with the variation will
be delivered and recognised in the current financial year.

Launched in March 2021, Moving Communities is a UK initiative driven to
analyse data from the local leisure sector. This visionary project was
initiated to support the National Leisure Recovery Fund, bolstered by £100
million of government funding, aiding the leisure sector's recovery from the
challenges posed by the pandemic.

4GLOBAL will assist in the gathering of data and analysis to aid local
authorities, leisure providers, and policymakers alike. By understanding
performance and comparing it with national, operational, and neighbouring
benchmarks, vital insights will be gained. These insights will play a pivotal
role in making strategic decisions, guiding the allocation of time, effort,
and resources where they are needed the most. Ultimately, these investments
will benefit local communities and target audiences in need of assistance.

This contract variation also marks a significant expansion of 'Moving
Communities Place.' This innovative expansion will see data collection
reaching even further into communities, providing unparalleled insight into
sport and physical activity participation. In particular, it will shed light
on areas within Sport England's investment, paving the way for informed
decisions and transformative actions.

Eloy Mazon, 4GLOBAL's CEO, commented:

"We are excited about this continued partnership and the positive impact it
will have on our communities. Together, we are shaping a healthier, more
active future for all. The purpose of the contract is to provide up-to-date
and meaningful data and insight to inform decisions that will help to get
communities moving."

"We are encouraged by Sport England's forward thinking approach to data and
the insights that can be generated for Government and cities as it provides a
template and opportunity to replicate 4GLOBAL's services in other territories
in the world."

 

For further information please contact:

 4GLOBAL                                       c/o IFC Advisory

 Eloy Mazon (CEO)

 Spark Advisory Partners - Nominated Adviser   0203 368 3554

 Neil Baldwin

 Canaccord Genuity Limited - Broker            020 7523 8000

 Bobbie Hilliam

 IFC Advisory                                  0203 934 6630

 Graham Herring / Zach Cohen

 

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